It depends.
For many 'new' MAGA conservatives, its kind of a means to an end, yeah. It a part of the culture of feeling victimized. Its why so many bristle at being called racists as a blanket term: they actually aren't.
But there are certainly old\ gheezers (many leaders) or perpetually online influencers that are legit racists. Or "great replacement theory" tangential believers that really straddle the line.