In a latest interview on the Coin Tales podcast hosted by Natalie Brunell, U.S. Presidential candidate Vivek Ramaswamy mentioned his views on Bitcoin, why the federal government ought to depart Bitcoin alone, and the BlackRock spot Bitcoin ETF.
The presidential candidate mentioned Bitcoin “is an choose out from the damaged monetary structure created by by the U.S. Federal Reserve system. And I say this as somebody who needs to battle for the greenback to stay the reserve foreign money of the world.”
Through the interview, Ramaswamy asserted that the federal government perceives Bitcoin as a possible menace to its management over financial coverage. “A part of it’s that they are threatened by the existence of Bitcoin. They do not need folks mining for extra bitcoin, as a result of that might make bitcoin extra well-liked. Which in flip, creates a menace to the incumbent standing of the U.S. Federal Reserve itself,” he acknowledged.
He argued that the decentralized nature of Bitcoin challenges the standard energy dynamics of centralized monetary techniques, inflicting unease amongst authorities establishments. The presidential candidate says he’ll “by far be essentially the most Bitcoin or crypto or every other decentralized finance president we have ever had,” as a result of he thinks “it’s good to decentralize energy away from the federal authorities.”
He additionally addressed the considerations across the BlackRock spot Bitcoin ETF, stating that BlackRock is “a tentacle of the federal government.” He says the cash they handle comes from authorities actors pushing them to undertake agendas, and that it’s a “farce” to assume BlackRock is making use of for this ETF in a free market means. Ramaswamy mentioned that is “the federal government attempting to masquerade as Bitcoin pleasant, however in reality it is only a captured system.”
Because the 2024 presidential race looms nearer, Ramaswamy’s stance on rising monetary applied sciences like Bitcoin might turn into an excellent greater point of interest of his marketing campaign. Earlier this 12 months, Ramaswamy announced at Bitcoin 2023 in Miami that he had begun accepting marketing campaign donations in Bitcoin over the Lightning Community, making him one of many first U.S. presidential candidates to ever achieve this.
