Bitcoin Pioneer Erik Voorhees Wonders Why ‘Bitcoiners Are Becoming Protectionists,’ Just B
April 11, 2025
Bitcoin veteran Erik Voorhees is scratching his head over a trend he didn’t see coming. In a post on X early Sunday, he said, “I would not have predicted a bunch of Bitcoiners becoming protectionists because a politician told them it would help the economy.”
Voorhees’ comment was sparked by a growing number of Bitcoin supporters seemingly embracing tariffs and protectionist policies—something that clashes with the libertarian roots of Bitcoin.
Don’t Miss:
-
Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share.
-
‘Scrolling To UBI’ — Deloitte’s #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.
Ari Paul, founder of BlockTower Capital, chimed in to say it fits a broader pattern and that it’s “like watching half the libertarian party outright embrace fascism in a span of a few days.” He says that a “large percentage of libertarians” is embracing a “novel legal argument they’d never heard before, en masse, in a span of one week, to promote an infinitely powerful chief executive.”
Others were more blunt. “Bitcoiners 10 years ago: Destroy the state. Bitcoiners today: Trump said something, I j*zzed my pants.”
Some argued these people aren’t really Bitcoiners at all: “The libertarian dream died for us in 2017. It’s mostly just bubble chasing hypebeasts left trying to make a quick buck.”
One commenter added, “It was obvious when their main goal politically was to get the government to buy more bitcoin instead of protecting developers from being jailed or self custody.”
Trending: It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.
The broader takeaway from the thread is that Bitcoin’s ideological base might be cracking under the weight of political influence and market speculation. One user sarcastically noted how “don’t trust, verify” has turned into “trust the tariff guy, he’s got a plan.”
Even some long-time observers expressed shock. “Did not have bitcoiners cheering for tariffs to make the Fed print money on my bingo card.”
Still, a few voices tried to rationalize the shift. One argument went, “Better to use tariffs than raise income taxes. At least that way foreigners will end up subsidizing part of the pain.”
But that didn’t sit well with many in the crypto space, who feel the community is losing sight of what it originally stood for. As one commenter put it, “The whole point was always about borderless, free market exchange.”
See Also: Have $200K saved? Here’s how to turn it into lasting wealth
Some suggested this shift isn’t about policy at all, but about blind loyalty to political figures. “Cults of personality are often underestimated by the people who are outside of those targeted.”
In the end, Voorhees’ surprise seems to reflect a broader disillusionment among early adopters. Bitcoin was born out of a desire for decentralization and freedom from government interference. Now, even some of its loudest supporters are calling for state action, as long as it benefits them.
Read Next:
-
If You’re Age 35, 50, or 60: Here’s How Much You Should Have Saved Vs. Invested By Now
-
Deloitte’s fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!
Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today’s competitive market.
Get the latest stock analysis from Benzinga?
This article Bitcoin Pioneer Erik Voorhees Wonders Why ‘Bitcoiners Are Becoming Protectionists,’ Just Because A Politician Said It’d ‘Help The Economy’ originally appeared on Benzinga.com
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Terms and Privacy Policy
Search
RECENT PRESS RELEASES
Related Post