Curtis Bashaw, Republican Candidate for US Senate, Now Accepting Bitcoin Donations | Bitcoinist.com

Key Points

Republican candidate for US Senate, Curtis Bashaw, has started accepting Bitcoin donations for his campaign. His views on cryptocurrency align with other prominent political figures who see digital assets as a form of innovation and progress.

Curtis Bashaw, a Republican candidate for the US Senate, has begun accepting Bitcoin donations for his campaign. He is running for the US Senate in New Jersey with a goal to “provide freedom, security, and opportunity to every New Jerseyan,” according to his X account.

The Republican candidate positions himself as a supporter of innovation and progress by introducing Bitcoin into his campaign. This move appeals to the increasing number of American voters who support blockchain technology and digital assets.

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

New Jersey Ranks 2nd in Terms of Crypto Owners

New Jersey currently holds the second position in the nation for the percentage of residents who own crypto, according to data from Coinbase.

Such high levels of crypto adoption would benefit from a leader who understands and supports the industry and its potential.

It’s also important to note that Bashaw’s pro-crypto stance in NJ is significant, especially during times when the US is competing with China and other global powers for dominance in blockchain technology and crypto.

US Political Bitcoin and Crypto Support

Bashaw’s campaign aligns with the broader political trend where important figures show support for crypto and blockchain.

For example, prominent figures like Miami’s Mayor Francis Suarez and Wyoming Senator Cynthia Lummis have also shown strong support for the industry, integrating it into political discussions.

Lummis has been advocating for FIT21 to help the industry flourish in the US by making crypto regulations clearer for industry participants.

In June, it was reported that ‘Stand With Crypto’, a nonprofit group created to support the crypto industry in the US advocates for “common-sense” regulations for digital assets.

Additionally, former US President Donald Trump has shown increased support for crypto in 2024, with his presidential campaign accepting Bitcoin.

The Republican Presidential candidate has expressed his support for crypto on various occasions, stating that the US government should not sell its Bitcoin reserves.

In 2024, political support for Bitcoin and crypto is on the rise, along with increased awareness of crypto in the US.

Crypto Awareness is Surging in the US

According to data from Security.org in June, their 2024 Crypto Adoption and Sentiment Report indicates that crypto awareness and ownership rates have reached record levels.

Currently, 40% of American adults own crypto, up from 30% in 2023, equivalent to about 93 million people.

According to their data, around 63% of current crypto owners hope to acquire more crypto in the next year, with Bitcoin being the most desired digital asset among them.

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

• The rate of crypto ownership by women increased from 18% in 2023 to 29% at the beginning of 2024.
• 21% of non-owners believe that Bitcoin ETFs in the US bring more transparency to crypto investments.
• BTC ETFs could potentially attract up to 29 million American investors to the market.

Institutional Investment in Crypto on the Rise

Institutional investment in crypto in the US is also increasing, especially in 2024 following the approval of Bitcoin ETFs earlier in the year.

As of June 30, major financial entities like Morgan Stanley and Goldman Sachs have disclosed owning shares in Bitcoin ETFs.

Morgan Stanley has significant positions in BlackRock’s Bitcoin ETF, IBIT, with over 5.5 million shares valued at approximately $188 million. They also hold shares in ARK 21Shares Bitcoin ETF, ARKB, and Grayscale Bitcoin Trust, GBTC.

Goldman Sachs also reported holding fund shares in US-based Bitcoin ETFs worth over $418 million as of June 30.

With Bitcoin valuation predictions reaching staggering numbers, such as VanEck’s $2.9 billion for BTC by 2050, the adoption of Bitcoin and crypto in the US continues to advance rapidly.

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