Can Republican Presidential Candidate Vivek Ramaswamy Save Crypto?

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  • Emerging U.S. presidential candidate Vivek Ramaswamy is pro-crypto and accepts BTC for funding his campaigns.
  • Elon Musk has called Ramaswamy a promising candidate in a recent Tweet.
  • However, Ramaswamy does not support stabilizing the dollar against BTC.

Among the Republican candidates that have entered the U.S. presidential race, Vivek Ramaswamy is a rising contender, partly for his conservative views on family and energy policies, but mostly for his farsighted perspectives on financial innovations.

For one, he’s an ardent supporter of crypto and divulged that he didn’t think BTC was a security at the Bitcoin 2023 Nakamoto Stage, three months ago. Moreover, the young politician does not shy away from accepting BTC for funding his election campaign. Pushing for a healthier crypto space in the U.S., Ramaswamy has also invested in Bitcoin and Ethereum.

However, he did make it clear that he would not, unlike his compatriot Robert F. Kennedy Jr., support the backing of the dollar with Bitcoin. In a recent podcast, the former biotech entrepreneur was quoted saying, “I think that Bitcoin, for me, for a number of reasons, does not yet meet that commodity basket. I’m a Bitcoin fan. I spoke at a Bitcoin conference. I want to stabilize the dollar against agriculture and farm commodities, gold, silver, and nickel.”

Earlier this week, Elon Musk tweeted support for Ramaswamy, calling him a promising candidate while sharing former Fox host Tucker Carlson’s podcast episode where Ramaswamy was a guest.

At 38, Ramaswamy is the youngest contender in the history of the elections, and also the richest person, after Donald Trump, in the race. Ramaswamy founded his biotech company Roivant Sciences in 2014 and took the company public in 2021. And even though he stepped down from the company’s operations in 2021, his shares in the firm are worth well over $840 million.

Born in Ohio to immigrant parents, Ramaswamy earned a biology degree from Harvard University and then a master’s from Yale. The presidential candidate is also an author, having penned the controversial “Woke, Inc” in 2021, calling out large corporations.

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