Vivek Ramaswamy's Vision: Defending Bitcoin and Unveiling Concerns on Government Surveillance

• Presidential hopeful Vivek Ramaswamy asserts that the government perceives Bitcoin as a threat, underlining that increased popularity of the cryptocurrency could pose a challenge to the established status of the U.S. Federal Reserve. He pledges to safeguard innovation by keeping the government at a distance from those forging new paths if he secures the presidency.

Vivek Ramaswamy contends that the government views Bitcoin's existence as a threat.

• In a recent interview with Natalie Brunell, U.S. presidential candidate Vivek Ramaswamy delved into various topics, including Bitcoin, and disclosed his crypto policy framework
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• U.S. presidential candidate Vivek Ramaswamy discussed a number of topics, including Bitcoin, in an interview with Natalie Brunell, published this week. He also recently revealed his crypto policy framework. “My view on the promise of Bitcoin … is an opt-out from the broken financial architecture created by the U.S. Federal Reserve System,” he began. While emphasizing that he wants to “fight for the dollar to remain the reserve currency of the world,” Ramaswamy stressed that there are two ways of doing it. “One is if you are really insecure about your own value proposition, you may try to smash out the competition,” he said, adding: 
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• I look at it the other way. I think the existence of Bitcoin hold the dollar’s feet to the fire to make sure that it can’t be manipulated in a way that people don’t just opt out and go to the other direction.
   

• Expressing his stance against corporatism, the fusion of state and private power, Ramaswamy advocates for a vision where the government stays out of the affairs of Bitcoiners, aiming for the realization of a free-spirited alternative Wild West. He underscores the need to preserve the initial promise without constraints. Shifting to the Biden administration, he scrutinizes their regulations through an energy lens, asserting that many climate change-related activities are unrelated to energy. He cautions against the pretext of these measures, suggesting a broader agenda to establish a surveillance state capable of monitoring various aspects of individuals' lives.
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  They’re threatened by the existence of Bitcoin. They don’t want people mining for more bitcoin because that would make Bitcoin more popular which in turn you know creates a threat to the incumbent status of the U.S. Federal Reserve itself.