Can Republican Presidential Candidate Vivek Ramaswamy Save Crypto?

• Rising U.S. presidential candidate Vivek Ramaswamy is pro-crypto and accepts BTC for funding his campaigns.
• Elon Musk has known as Ramaswamy a promising candidate in a current Tweet.
• Nonetheless, Ramaswamy doesn’t help stabilizing the greenback in opposition to BTC.

Among the many Republican candidates which have entered the U.S. presidential race, Vivek Ramaswamy is a rising contender, partly for his conservative views on household and vitality insurance policies, however principally for his farsighted views on monetary improvements.

For one, he’s an ardent supporter of crypto and divulged that he didn’t suppose BTC was a safety on the Bitcoin 2023 Nakamoto Stage, three months in the past. Furthermore, the younger politician doesn’t draw back from accepting BTC for funding his election marketing campaign. Pushing for a more healthy crypto house within the U.S., Ramaswamy has additionally invested in Bitcoin and Ethereum.

Nonetheless, he did make it clear that he wouldn’t, not like his compatriot Robert F. Kennedy Jr., help the backing of the greenback with Bitcoin. In a current podcast, the previous biotech entrepreneur was quoted saying, “I believe that Bitcoin, for me, for quite a lot of causes, doesn’t but meet that commodity basket. I’m a Bitcoin fan. I spoke at a Bitcoin convention. I wish to stabilize the greenback in opposition to agriculture and farm commodities, gold, silver, and nickel.”

Earlier this week, Elon Musk tweeted help for Ramaswamy, calling him a promising candidate whereas sharing former Fox host Tucker Carlson’s podcast episode the place Ramaswamy was a visitor.

At 38, Ramaswamy is the youngest contender within the historical past of the elections, and likewise the richest particular person, after Donald Trump, within the race. Ramaswamy based his biotech firm Roivant Sciences in 2014 and took the corporate public in 2021. And although he stepped down from the corporate’s operations in 2021, his shares within the agency are price effectively over $840 million.

Born in Ohio to immigrant dad and mom, Ramaswamy earned a biology diploma from Harvard College after which a grasp’s from Yale. The presidential candidate can be an creator, having penned the controversial “Woke, Inc” in 2021, calling out massive companies.