Republican Candidate for US Senate, Curtis Bashaw, Accepts Bitcoin Donations

by

Key Points

  • Republican candidate for US Senate, Curtis Bashaw, started accepting Bitcoin donations for his campaign.
  • His stance on crypto aligns with other prominent political figures seeing digital assets as innovation and progress.

As a seasoned crypto investor with a keen eye for political trends, I must say that Curtis Bashaw’s decision to accept Bitcoin donations for his Senate campaign resonates strongly with me. Having witnessed the rise and fall of numerous digital assets over the years, I can confidently assert that this move is not only innovative but also strategic.

2023 Update: Curtis Bashaw, a contender for the Republican nomination for the U.S. Senate from New Jersey, has begun accepting Bitcoin donations as part of his campaign efforts. As stated on his social media platform, Bashaw aims to champion “freedom, security, and opportunity” for every resident of New Jersey.

The GOP candidate is positioning himself as an advocate for advancement and technological innovation, by incorporating Bitcoin into his election campaign. This action resonates with an increasing number of U.S. voters who are backing blockchain technology and digital currencies.

He recently stated that by embracing crypto, he is aligning his campaign with the future of finance. Bashaw’s campaign website is now featuring Bitcoin as a payment option via Anedot.

Republican Candidate for US Senate, Curtis Bashaw, Accepts Bitcoin Donations

New Jersey Ranks 2nd in Terms of Crypto Owners

As a crypto enthusiast residing in New Jersey, I’m proud to be part of a state that ranks second in the U.S. for its high number of crypto owners, based on the latest statistics from Coinbase.

As an analyst, I firmly believe that the widespread adoption of cryptocurrencies could significantly thrive under the guidance of a visionary leader who not only grasps the intricacies of this sector but also champions its potential.

It’s equally significant to acknowledge that Bashaw advocating for cryptocurrency in NJ is crucial, particularly when the U.S. is vying with countries like China and other influential world players for leadership in blockchain technology and digital currencies.

US Political Bitcoin and Crypto Support

Bashaw’s political efforts mirror a wider movement, where significant political players are expressing endorsement towards cryptocurrencies and blockchain technology.

As a researcher, I’ve noticed that influential individuals like Miami’s Mayor Francis Suarez and Wyoming Senator Cynthia Lummis have been vocal advocates for this sector. Their endorsement has effectively integrated it into political debates.

Lummis, through her efforts on FIT21, aims to nurture the cryptocurrency industry within the U.S., by clarifying and streamlining regulations related to digital assets, thereby facilitating a more transparent work environment for industry professionals.

In June, news emerged about ‘Stand With Crypto’, a not-for-profit organization established within the U.S., advocating for balanced and practical laws concerning digital currencies.

From my perspective as an analyst, I’ve noticed a growing interest in cryptocurrencies from Former U.S. President Donald Trump for the 2024 election. In fact, his potential campaign is reportedly open to accepting Bitcoin donations, indicating a significant shift towards digital currencies.

The GOP’s presidential nominee has consistently expressed his backing for cryptocurrencies across different platforms. His stance emphasizes that it would be inappropriate for the U.S. administration to liquidate its Bitcoins.

2024 sees a surge in American political backing for Bitcoin and cryptocurrencies, accompanied by an increasing level of public understanding about these digital assets within the United States.

Crypto Awareness is Surging in the US

Based on a report by Security.org for the month of June, titled “2024 Crypto Adoption and Sentiment”, it shows a significant rise in both public awareness and ownership of cryptocurrencies, reaching unprecedented highs.

Currently, approximately 93 million Americans have invested in cryptocurrency, representing a jump from around 30% in the year 2023, meaning more and more individuals are venturing into this digital asset market.

Republican Candidate for US Senate, Curtis Bashaw, Accepts Bitcoin Donations

Approximately two-thirds (63%) of existing cryptocurrency holders are planning to acquire additional crypto within the upcoming year. Bitcoin stands out as the preferred digital asset among their top choices.

Other important data from Security.org’s report includes the following:

    The rate of crypto ownership by women surged from 18% in 2023 to 29% at the start of 2024.
    21% of non-owners said that the Bitcoin ETFs in the US bring more openness to crypto investments.
    BTC ETFs could bring as many as 29 million American investors to the market.

Institutional Investment in Crypto on the Rise

It’s also worth noting that institutional investment in crypto is on the rise in the US. The trend has been especially accelerating in 2024 following the approval of Bitcoin ETFs at the beginning of the year.

By June 30th, notable financial institutions like Morgan Stanley and Goldman Sachs have publicly revealed their ownership of shares in Bitcoin Exchange-Traded Funds (ETFs).

Morgan Stanley has been found to hold substantial investments in the BlackRock Bitcoin ETF (IBIT), amounting to approximately 5.5 million shares valued at around $188 million. Additionally, they’ve made public their ownership of shares in other Bitcoin-related ETFs such as ARK 21Shares Bitcoin ETF (ARKB) and Grayscale Bitcoin Trust (GBTC).

Goldman Sachs disclosed ownership of Bitcoin ETF fund shares valued at approximately $418 million, according to their report dated June 30th.

With Bitcoin’s potential valuations soaring to astounding figures like VanEck’s projected $2.9 billion by 2050, the embrace and use of Bitcoin and cryptocurrency within the United States is swiftly gaining momentum at an extraordinary speed.

Read More

2024-08-21 17:42