Ramaswamy pointed out, “Let’s make the 2024 election a referendum on fiat currency.”
Vivek Ramaswamy has officially accepted Bitcoin donations for his campaign, making him the second contender for the 2024 US presidential election to do so. Ramaswamy announced the initiative and urged people to donate even a one Bitcoin worth of value. This development comes after Robert F. Kennedy Jr.’s decision to accept Bitcoin donations recently, which signaled a historic shift in the way campaigns are funded.
Ramaswamy’s Call for a Referendum on Fiat Currency
Ramaswamy emphasized his plan to have the 2024 election be a vote on fiat money during his participation at the Bitcoin 2023 conference in Miami, Florida. He emphasized the need for change and stated his opinion that the election should provide a chance to solve the problems with conventional fiat currencies.
Ramaswamy hopes to start a larger discussion about the future of money and its use in politics by accepting Bitcoin donations.
The fact that both Ramaswamy and Kennedy accepted Bitcoin donations demonstrates the increasing popularity and adoption of cryptocurrencies in the political sphere. The adoption of digital currencies by these presidential contenders denotes a move toward alternate campaign financing methods and highlights the growing importance of the crypto community in influencing political discourse.
As shown above, Ramaswamy flashed a QR code while on stage, which, when scanned, would redirect users to a payment gateway that offers various payment options for donations, including BTC and satoshis — the smallest denomination of Bitcoin.
Donations of less than $100 would require the recipient to “immediately convert” the cryptocurrency to dollars, refrain from using it for purchases, and not hoard the money.