U.S. Republican presidential candidate VivekGRamaswamy, who accepts campaign donations in bitcoin, said he wouldn’t use the cryptocurrency to help back the dollar. BrandyBetz reports
Ramaswamy, who accepts bitcoin donations for his 2024 election campaign, made the comment during an appearance on the Timcast IRL podcast hosted by Tim Pool. He was outlining his stance that the U.S. Federal Reserve should focus solely on stabilizing the dollar as a unit of measurement against commodities. As he listed examples of the commodities, Pool asked, “Bitcoin?”
“And there could be a point in time when bitcoin becomes part of that commodity basket. There’s some technical reasons why I would not include that today,” he continued. The 37-year-old worked as a partner at a hedge fund before leaving to form the drug discovery-focused biotech company, Roivent Sciences. Last year, he co-founded the asset management firm Strive Asset Management, which has more than $750 million in assets under management. He is also the author of a book titled “Woke, Inc.: Inside Corporate America’s Social Justice Scam.”
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