Bitcoin’s mainstream shift meets political polarization and cultural barriers

Bitcoin may become more politically polarized even as it settles into the everyday fabric of financial markets. Confusion with the wider cryptocurrency sector and an insular culture among existing users remain barriers to broader adoption. In an Oct. 14 interview with Bitcoin Magazine, Troy Cross, a philosophy professor at Reed College, chief editor of the Nakamoto Project and senior fellow at the Bitcoin Policy Institute, said he expects Bitcoin to become more normalized while political divisions around it deepen. Cross said the failure of cryptocurrency legislation may represent a setback for the United States, but not necessarily for Bitcoin.