Monday 27 September 2021 10:00 am

Opinion-in-brief: Woke-chain is the new orange for Lib Dem voters

It’s perhaps no surprise that young, left leaning voters are driving crypto uptake in the UK. A series of car crash general elections have primed the political left for the market’s merciless swings of fortune.

A survey by Savanta has confirmed the rainbow alliance as the natural political home of crypto holders: 29 per cent of LibDem voters, 24 per cent of Greens and 19 per cent of Labour supporters admit they hold crypto compared to just 15 per cent of Conservatives.

Crypto’s anti establishment image is chief amongst its attractions – with more investors willing to place their money in crypto than government bonds.

For LibDem supporters, who occupy the drab grey area of the political middle ground, owning trendy, volatile assets may finally give them something interesting to talk about.

While for the 15 per cent of 18 to 34 year olds who have dabbled in crypto it is easy to see why traditional finance seems boring when lifestyle guru Kim Kardashian is busy promoting digital assets online

City A.M.'s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M.

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