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After three election cycles since its debut, Bitcoin has become a key issue in U.S. elections by 2024. As Satoshi Nakamoto's idea of Bitcoin, as laid out in his white paper, has gained popularity, its supporters have formed a constituency that cannot be ignored in U.S. politics. This paper analyzes the multiple factors behind the rising importance of Bitcoin and cryptocurrencies in elections, including the erosion of real wages due to inflation, challenges to the dollar's global status, the growing interest in cryptocurrencies among U.S. voters, and the current administration's regulatory strategy for the crypto industry.
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