- Elon Musk endorsed Vivek Ramaswamy, a young Republican presidential candidate.
- Ramaswamy is a vocal advocate for cryptocurrencies and has accepted Bitcoin donations for his campaign.
- He is the second presidential contender in the 2024 US election race to do so.
X (formerly Twitter) chairman and chief technology officer, Elon Musk, has expressed his admiration for Vivek Ramaswamy, the young and emerging United States Republican presidential candidate.
Musk’s endorsement came after he watched a snippet of Ramaswamy’s interview on Tucker Carlson’s podcast, where he referred to Ramaswamy as “the youngest-ever Republican presidential candidate” and described him as “a very promising candidate.”
Ramaswamy, known for his outspoken views on digital finance and cryptocurrencies, has been a vocal advocate for a stronger crypto environment in the United States.
He made headlines at the Bitcoin 2023 conference in Miami by announcing that his campaign would accept contributions in Bitcoin, specifically Bitcoin BTC, at $25,923 per donation. This move marked him as the second presidential contender in the 2024 US election race to embrace BTC donations.
At the conference, Ramaswamy unveiled a QR code that directed attendees to a donation portal with various contribution options.
He is a very promising candidate https://t.co/bEQU8L21nd
— Elon Musk (@elonmusk) August 17, 2023
Donors who contributed within the $6,600 limit were promised an exclusive nonfungible token as a token of appreciation.
Ramaswamy’s decision to accept Bitcoin donations follows in the footsteps of Robert F. Kennedy Jr., who was the first US presidential contender to endorse such contributions. This underscores the growing significance of cryptocurrencies in shaping the financial landscape in the lead-up to the 2024 presidential election.
Ramaswamy’s rising popularity has brought him closer to fellow Republican Ron DeSantis, the bitcoin-friendly governor of Florida.
However, Ramaswamy’s political journey is not without challenges, as he currently faces two lawsuits from former employees of Strive Asset Management, a company he co-founded. These employees allege that they were coerced into violating securities regulations during their tenure at the firm.
Despite these legal challenges, Ramaswamy’s bold stance on cryptocurrency and his emergence as a young Republican presidential candidate have generated considerable attention in the political landscape, making him a candidate to watch in the upcoming election.