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Canadian PM: Will lead Liberal Party into next election

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Top Stories Tamfitronics Canadian PM: Will lead Liberal Party into next election

Canadian PM Justin Trudeau

Canadian PM Justin Trudeau on Thursday said he would lead his

Liberal Party

into the

next election

despite mounting unhappiness among some of legislators about his performance. That vote must be held by the end of October 2025 and polls indicate the Liberals would lose badly to the official opposition

Conservatives

of Pierre Poilievre. “We’re going to continue to have great conversations about what is the best way to take on

Pierre Poilievre

in the next election, but that will happen with me as leader going into the next election,” he told reporters. No

Canadian PM

in more than a century has won four straight terms. Canadian media outlets said 24 of the party’s 153 parliamentarians in the

House of Commons

had signed a letter calling on him to quit. “We have always had very good conversations within the Liberal Party. We’re a big tent, and there have always been different opinions within that tent,” Trudeau said.

Politics
US Bitcoiners lean liberal but report shows politics less divisive than many think

Politics tamfitronics

Politics tamfitronics US Bitcoiners lean liberal but report shows politics less divisive than many think US Bitcoiners lean liberal but report shows politics less divisive than many think Liam ‘Akiba’ Wright · 5 hours ago · 3 min read

Bitcoin adoption in the US is driven by knowledge and trust, not political affiliation, showing a diverse range of owners.

3 min read

Updated: Jul. 23, 2024 at 11:18 am UTC

Politics tamfitronics US Bitcoiners lean liberal but report shows politics less divisive than many think

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin ownership in the United States spans diverse demographics and political orientations, challenging common assumptions about its supporters, according to a new report.

The Nakamoto Project’s recent survey on Bitcoin adoption provides a comprehensive analysis of ownership trends among Americans. Conducted in partnership with Qualtrics, the study involved a representative sample of 3,538 adults collected in two stages from November 2023 to March 2024.

The survey aimed to identify key factors influencing Bitcoin adoption and ownership in the United States, distinguishing itself from previous surveys by its population-level scope and specific focus on Bitcoin. One of the report’s authors, Troy Cross, summarized the findings on X,

“Our survey of 3,538 adults in the US found bitcoin ownership:
-covers the full spectrum of political identity
-is skewed young and male
-correlates weakly with a unique profile of moral values
-correlates strongly with knowledge of bitcoin”

The findings reveal that Bitcoin ownership is not significantly influenced by political orientation. Despite the polarized political rhetoric surrounding Bitcoin, the data indicates that Bitcoiners span the political spectrum, with a tendency towards moderate views.

The survey showed that 21.9% of very liberal respondents and 17.6% of very conservative respondents own Bitcoin, compared to 14.3% of moderates. Thedata do not support the notion that Bitcoin ownership is predominantly aright-wing or libertarian phenomenonas Bitcoin owners reflect the broader American political landscape.

In total, around 45% identify as liberal and 41% as conservative, indicating mostly bipartisan support for Bitcoin.

Politics tamfitronics Bitcoin ownership by politics (The Nakamoto Project)
Bitcoin ownership by politics (The Nakamoto Project)

The report states,

“What correlates most strongly with Bitcoin ownership is not who you are, so to speak, but how much you know about Bitcoin, and whether you think it is useful, trustworthy, and good.

The 14% of Americans who own Bitcoin, it turns out, are not members of some particular political tribe. Rather, they are simply Americans who have taken the time to study the technology and formed positive attitudes about it.”

Demographically, Bitcoin owners are similar to the general U.S. population in terms of race, ethnicity, income, education, and financial literacy. However, there are notable differences in age and gender; Bitcoin ownership skews younger and male. The survey found that younger individuals are more likely to own Bitcoin, with a significant concentration among those under 35 years old. Additionally, 46.1% of Bitcoin owners are male, compared to 52.3% female in the general population.

The study employed the Moral Foundations Theory to explore the moral and ethical values of Bitcoin owners. Bitcoiners exhibit a blend of liberal and conservative moral foundations, prioritizing cultural liberty, equality, and proportionality while aligning with conservatives on purity and loyalty. However, these moral foundations were less predictive of Bitcoin ownership than other factors.

Key predictors of Bitcoin ownership identified in the survey include knowledge about Bitcoin, belief in its utility, trust in the Bitcoin protocol, and the perceived morality of Bitcoin. These variables were highly correlated with each other and with Bitcoin ownership. Respondents who demonstrated higher levels of knowledge about Bitcoin trusted its technology, believed in its practical utility, and perceived it as morally good were more likely to own Bitcoin.

Trust in the Bitcoin protocol and its perceived morality emerged as significant differentiators between Bitcoin owners and non-owners. While non-owners tended to be neutral or negative about Bitcoin’s trustworthiness and morality, owners expressed strong positive sentiments in these areas. This suggests that individuals who trust Bitcoin’s technology and believe in its social and moral value are more inclined to adopt it.

The findings indicate that Bitcoin ownership in the US is driven more by individual knowledge and attitudes toward Bitcoin rather than demographic or political factors. The study challenges the perception of Bitcoin ownership as a politically or demographically distinct phenomenon, highlighting that the 14% of Americans who own Bitcoin are diverse and broadly representative of the wider population. The survey highlights the importance of education and positive perceptions in driving Bitcoin adoption.

The Nakamoto Project’s survey provides valuable insights into the demographics, political orientations, and key factors influencing Bitcoin ownership in the United States. It reveals that Bitcoiners are not confined to any particular demographic or political group but are united by their knowledge, trust, and positive perceptions of Bitcoin.

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Politics
Former Liberal treasurer to lead government climate change body after quitting politics

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Former NSW Liberal treasurer Matt Kean has been named chair of the federal government’s Climate Change Authority after quitting state politics last week.

The background: Kean will lead the independent statutory body, which advises the Commonwealth on climate change policy.

He has previously been outspoken on climate issues within the NSW Liberal Party.

The key quote: “My role is to bring my expertise and experience to provide independent advice to the government of the day — whoever that should be — based on facts, based on science, based on economics and engineering.” — Matt Kean.

What else to know: Kean announced his retirement from state politics last week, saying he intended to pursue a career in the private sector.

Kean will take over from Grant King, who resigned after more than three years in the role.