Vivek Ramaswamy Joins Robert F. Kennedy Jr. in Embracing Bitcoin Donations for 2024 Presidential Campaign
In an unprecedented move, Vivek Ramaswamy has become the second presidential candidate in the United States to officially accept Bitcoin donations for the upcoming 2024 elections. Just two days after Robert F. Kennedy Jr. made history as the first-ever presidential candidate to embrace Bitcoin, Ramaswamy announced his decision, aiming to make the 2024 election a referendum on fiat currency.
During his announcement, Ramaswamy urged supporters to contribute even small amounts, stating, “Give $1.” Displaying a QR code on stage, he provided a convenient way for donors to make contributions using various payment options, including Bitcoin (BTC) and its smallest unit, Satoshi (sats).
To facilitate Bitcoin donations, Ramaswamy chose BitPay’s payment service, which also supports other cryptocurrencies such as Bitcoin Cash (BCH), Ether (ETH), ApeCoin (APE), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu (SHIB), among others.
Just announced we’re officially accepting #Bitcoin donations.
Let’s make the 2024 election a referendum on fiat currency. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz
— Vivek Ramaswamy (@VivekGRamaswamy) May 20, 2023
Eligible U.S. citizens and permanent residents can donate up to $6,600 for the campaign, although these contributions are not tax-deductible as charitable donations. To incentivize donors, Ramaswamy’s campaign plans to award a nonfungible token (NFT) to each contributor, as indicated on the donation page: “After donating, come back to claim your NFT.”
Robert F. Kennedy Jr.’s groundbreaking announcement at the Bitcoin 2023 conference inspired Ramaswamy to follow suit. Kennedy, who is the nephew of former President John F. Kennedy, highlighted the significance of Bitcoin as a symbol of democracy and freedom, aligning with the core values of his campaign.
With both Ramaswamy and Kennedy embracing Bitcoin donations, the 2024 presidential election is set to witness an increased focus on cryptocurrency and its potential to disrupt traditional financial systems. As the race for the presidency intensifies, candidates are leveraging the growing popularity and acceptance of cryptocurrencies to engage with supporters and reshape campaign financing.
As the first and second presidential candidates to officially accept Bitcoin donations, Ramaswamy and Kennedy have paved the way for future politicians to explore alternative funding methods and harness the decentralized power of cryptocurrencies in their campaigns. Whether this marks a turning point for the broader adoption of cryptocurrencies in politics remains to be seen, but it undoubtedly signifies a significant milestone in the intersection of digital currencies and electoral processes.
- Robert F. Kennedy Jr. Makes History As First U.S. Presidential Candidate To Accept Bitcoin Donations
- Bitcoin Volatility Reaches Historic Lows: What’s Next For The Cryptocurrency?