Elon Musk again and again in favor of crypto! The chairman and director of X (formerly Twitter) lends his support to pro-crypto Vivek Ramaswamy. A candidate for the presidential election of the United States, Musk’s support could upset all the polls. But in the end strategist, one wonders what hides the initiative of the businessman.
Elon Musk and Vivek Ramaswamy: a crypto-friendly alliance
Elon Musk’s support for Vivek Ramaswamy is a major boost for the young Republican candidate for the presidency of the United States. Musk, who is a strong supporter of cryptocurrencies, has declared that Ramaswamy is the only candidate who truly understands the potential of blockchain technology.
For the record, Ramaswamy is a strong supporter of bitcoin (BTC) and cryptos in general. Indeed, he has become known as an outspoken critic of the Biden administration’s economic and foreign policy.
Elon Musk announced his support for the candidate at an event in Miami on August 18, 2023. But before, he had already made it known through a tweet that Ramaswamy is a very promising candidate.
During this event, Ramaswamy unveiled a QR code that leads attendees to a donation portal offering various opportunities to contribute. For contributions up to $6,600, qualified donors would receive an exclusive NFT.
Some obstacles on the way to the presidency
Ramaswamy’s growing popularity brought him closer to fellow Republican Ron DeSantis. This is the digital asset-friendly governor of Florida. Much like the SpaceX president’s protege, DeSantis recently said he’s considering accepting bitcoin donations for his own campaign for president in 2024.
However, Vivek Ramaswamy faces challenges throughout his political career. He is currently the target of two lawsuits brought by former employees of Strive Asset Management, the company he co-founded.
The latter claim that while employed by the company, they were forced to violate securities laws. Of course, Ramaswamy denied these accusations and said he would vigorously defend his integrity.
The alliance between Elon Musk and Vivek Ramaswamy is a sign of the growing importance of cryptocurrencies in the American political landscape. The latter, who is a popular conservative candidate, could help popularize crypto to a wider audience.
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