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The Conservative Argument for Bitcoin

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For conservatives, it is not surprising that bitcoin is an appealing technology, according to Dennis Porter.

Bitcoin is “truly nonpartisan,” says Porter, CEO and co-founder of the Satoshi Action Fund, but within the technology, “there are so many things that I think appeal to the conservative voter or Republican voters,” he argues.

Bitcoin is unique because it’s “money which can't be debased,” the CEO of the pro-bitcoin policy organization says.

There are only 21 million bitcoin in existence and no more can be created, protecting the digital currency against inflation.

“I think also beyond that is this idea of individual freedom,” Porter says. “You are able to operate wholly on your own with no third parties, without asking permission,” he says adding, “you are able to access the bitcoin network globally, anywhere in the world and be able to participate in the economy without asking permission.”

Porter joins “The Daily Signal Podcast” to discuss the future of bitcoin use and how the currency is playing a role in the 2024 presidential election.

Hosts:
Doug BlairMary Margaret OlohanRob BlueyVirginia Allen