Ramaswamy's groundbreaking acceptance of Bitcoin donations hints at a crypto-forward presidential campaign.
In a recent episode of the Coin Stories podcast with Natalie Brunell, U.S. Presidential candidate Vivek Ramaswamy shared his perspectives on Bitcoin, advocating for the government's non-interference in Bitcoin affairs and delving into his thoughts on the BlackRock spot Bitcoin ETF.
Ramaswamy described Bitcoin as an escape route from the flaws in the U.S. Federal Reserve system, emphasizing his commitment to preserving the dollar as the global reserve currency. He contended that the government views Bitcoin as a potential challenge to its monetary policy control, fearing the rise in Bitcoin's popularity through mining could threaten the U.S. Federal Reserve's established position.
Asserting himself as a proponent of decentralization, Ramaswamy expressed that Bitcoin's decentralized nature disrupts traditional power structures, making him a potential champion for decentralized finance as president.
Addressing concerns around the BlackRock spot Bitcoin ETF, Ramaswamy labeled BlackRock as a "tentacle of the government," suggesting that their management decisions align with government agendas. He dismissed the notion that BlackRock's ETF application is a product of a free market approach, characterizing it as a deceptive move by the government to appear Bitcoin-friendly while maintaining control.
As the 2024 presidential race approaches, Ramaswamy's stance on emerging financial technologies, particularly Bitcoin, is poised to become a central theme in his campaign. Notably, earlier this year, he announced at Bitcoin 2023 in Miami that he would accept campaign donations in Bitcoin over the Lightning Network, marking one of the first of a U.S. presidential candidate embracing cryptocurrency donations.
