U.S. Presidential Candidate Vivek Ramaswamy: The Government’s Concern Over Bitcoin

U.S. Presidential Candidate Discusses Bitcoin and BlackRock Spot Bitcoin ETF

In a recent interview on the Coin Stories podcast hosted by Natalie Brunell, U.S. Presidential candidate Vivek Ramaswamy discussed his views on Bitcoin and the BlackRock spot Bitcoin ETF.

Ramaswamy emphasized the significance of Bitcoin as an alternative to the current financial system, stating “Bitcoin is an opt out from the broken financial architecture created by the U.S. Federal Reserve system. And I say this as someone who wants to fight for the dollar to remain the reserve currency of the world.”

He also addressed the government’s concerns about Bitcoin, stating “They don’t want people mining for more bitcoin, because that could make bitcoin more popular. Which in turn, creates a threat to the incumbent status of the U.S. Federal Reserve itself,”

Ramaswamy emphasized the decentralized nature of Bitcoin and its challenge to traditional centralized financial systems, causing unease among government institutions. He asserted that his presidency would embrace decentralized financial technologies, declaring “I will by far be the most Bitcoin or crypto or any other decentralized finance president we’ve ever had,” as reported by Coin Stories podcast.

Regarding the BlackRock spot Bitcoin ETF, Ramaswamy expressed skepticism, stating that BlackRock is “a tentacle of the government,” and describing it as “the government trying to masquerade as Bitcoin friendly, but in fact, it’s just a captured system.”

As the 2024 presidential race approaches, Ramaswamy’s stance on emerging financial technologies like Bitcoin could become a central focus of his campaign. Earlier this year, Ramaswamy announced at Bitcoin 2023 in Miami that he had begun accepting campaign donations in Bitcoin over the Lightning Network, making him one of the first U.S. presidential candidates to do so. (source: via Bitcoin Magazine).

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J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

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