Senator Lummis Backs Bitcoin for American Prosperity As $87B in Futures Supports the View

25% of Republican men invest in crypto, compared to 16% of Democrat men, showing a political divide in adoption.

Senator Cynthia Lummis attributes Bitcoin’s appeal to its decentralization and alignment with financial independence.

BTC futures open interest hit $87.38B on July 26, 2025, signaling strong market engagement and investor confidence.

During a Fox Business report, a recent poll has revealed a noticeable divide in cryptocurrency investment between political groups and genders. According to the data, 25% of Republican men reported investing in cryptocurrency, compared to 16% of Democrat men. These findings raise questions about the factors influencing digital asset adoption among American voters, especially men identifying with conservative values.

Bitcoin’s Appeal Among Conservative Investors

Confirmed via a post on X, Senator Cynthia Lummis referred to Bitcoin as “freedom money,” citing its decentralized nature and global usability. She stated that Bitcoin enables individuals to act independently of government control, which may explain its popularity among Republican men. The concept of financial sovereignty appears to align closely with values often emphasized in conservative political thought.

Bitcoin’s structure allows people to send and receive funds without relying on traditional banking systems. This appeals strongly to those concerned about government overreach. Lummis also pointed to Bitcoin's usefulness in nations with unstable governments, such as Venezuela, where citizens face restricted financial systems.

Gender Disparity in Crypto Ownership

While the political divide is clear, the gender gap remains unexplained. The same data shows fewer women, regardless of political party, are investing in cryptocurrency. Lummis acknowledged the gap but did not offer a specific reason. She noted, however, that many women manage household finances and may value speed and lower transaction costs—both of which crypto can offer.

Despite the lower numbers among women, Lummis urged more women to explore digital assets. She suggested the practical advantages—faster transactions and lower costs—might resonate with those handling everyday financial decisions. The poll highlights a growing interest in cryptocurrency among Republican men, driven by ideas of autonomy and efficiency. The gender gap remains, but supporters like Lummis continue urging broader inclusion in digital finance.

What is the Current Bitcoin Price Trajectory?

Tracking the ongoing price action for Bitcoin at the time of press, Coinglass data indicates that as of July 26, 2025, BTC futures open interest reached $87.38 billion, with BTC trading at $117,715. The chart shows strong growth in both price and open interest since early October. From late 2024, both indicators increased consistently, signaling rising market participation and bullish sentiment

Source: Coinglass

Notable surges occurred in mid-December and continued through March 2025, which later ushered in Bitcoin's ATH. Despite brief corrections, futures open interest stayed elevated, indicating sustained trader engagement. The recent spike in open interest confirms an active market with strong investor confidence. The parallel rise in BTC price and open interest reflects a positive trend and growing speculative activity in futures markets.