Vivek Ramaswamy, Republican Candidate, Does Not Support Using Bitcoin to Stabilize the Dollar
– Vivek Ramaswamy, a Republican candidate for the U.S. presidency, stated that he is a fan of bitcoin but does not believe it should be used as a commodity to stabilize the U.S. dollar.
– This stance contrasts with Democratic candidate Robert F. Kennedy Jr., who expressed support for backing the dollar with bitcoin.
– Ramaswamy made these comments during an appearance on the Timcast IRL podcast, where he discussed his belief that the U.S. Federal Reserve should focus solely on stabilizing the dollar against commodities such as agriculture and precious metals.
– He acknowledged that there may come a time when bitcoin becomes part of that commodity basket, but currently, it does not meet the criteria.
– Ramaswamy accepts bitcoin donations for his campaign and has previously stated that he is the only candidate who truly understands bitcoin.
Hot Take
Vivek Ramaswamy’s position on bitcoin differs from that of his Democratic counterpart, highlighting the contrasting views within the political landscape regarding the use of cryptocurrency to stabilize the U.S. dollar. While Ramaswamy is a fan of bitcoin, he believes it does not meet the requirements to be considered a commodity for this purpose. This divergence in opinion reflects the ongoing debate surrounding the role of cryptocurrencies in the global economy and their potential impact on traditional financial systems.
By
By
By
By
By