- Elon Musk praises Vivek Ramaswamy as a “very promising” presidential candidate.
- Vivek Ramaswamy endorses cryptocurrencies and accepts Bitcoin contributions for his 2024 US presidential campaign.
- Despite surging popularity and Bitcoin advocacy, Ramaswamy faces legal challenges stemming from his past role at Strive Asset Management.
Elon Musk, the Tesla and SpaceX CEO, has endorsed the emerging US Republican presidential candidate Vivek Ramaswamy for supporting cryptocurrencies, including accepting Bitcoin (BTC) donations for his 2024 campaign.
In a recent snippet from an interview on the “Tucker Carlson’s Tucker on Twitter” podcast, Musk took to X (formerly Twitter) to express his support, calling Ramaswamy a “very promising” candidate. The tech mogul highlighted that Ramaswamy is the youngest-ever Republican presidential contender in his quoted X post, adding weight to the candidate’s burgeoning popularity within the party.
Ramaswamy’s campaign has shaken up the political landscape by embracing the world of digital finance and cryptocurrencies. At the Bitcoin 2023 conference in Miami, he revealed his campaign would be accepting Bitcoin contributions, marking a significant move towards acknowledging the role of cryptocurrencies in the political arena. This makes him the second presidential candidate in the 2024 race to endorse BTC donations, following Robert F. Kennedy Jr’s footsteps.
However, Ramaswamy’s journey into politics is not without its challenges. The candidate faces legal hurdles from his past involvement with Strive Asset Management, a firm he co-founded. Former employees have filed lawsuits claiming coercion into breaching securities regulations during their tenure at the company. Despite these obstacles, Ramaswamy’s rise in popularity has brought him closer to fellow Republican Ron DeSantis, the Bitcoin-friendly Governor of Florida.
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