A proper understanding and acceptance of cryptocurrencies could revolutionize the world of finance, both on a micro and macro scale. Two US presidential candidates, Ron DeSantis and Robert F. Kennedy Jr., seem to understand this, paying particular attention to Bitcoin in their election campaigns. How will this affect the future of cryptocurrencies and global finance?
Politics and cryptocurrencies are increasingly intertwined on the global stage. US presidential candidate Ron DeSantis has announced that if he wins the election, he will end the so-called. “War on Bitcoin” conducted by Joe Biden’s administration. DeSantis, currently the governor of Florida, promises not to block American investors from investing in cryptocurrencies. Additionally, he expressed opposition to centrally controlled digital currencies (CBDC), claiming that under his leadership such financial products would never see the light of day.
His promises align with the increasingly widespread acceptance of cryptocurrencies. DeSantis outlined his economic policy during a campaign in New Hampshire, focusing on Bitcoin and the digital assets sector. He announced that his future cabinet will allow Americans to invest in Bitcoin and other cryptocurrencies (a service that, for example, the cryptocurrency exchange Quark already offers). He also committed to ending the so-called. “War on Bitcoin” conducted by the current administration.
DeSantis is not the only candidate with a positive stance on cryptocurrencies. The other is Robert F. Kennedy Jr., the nephew of former President John F. Kennedy. Kennedy Jr., known for owning 14 Bitcoins, promises to strengthen the US dollar by backing it with “real, limited assets” such as Bitcoin or precious metals.
Between these two candidates and other political figures, such as Miami Mayor Francis Suarez, Bitcoin is becoming increasingly present in American politics. Suarez, who also owns Bitcoins, has introduced many cryptocurrency-focused initiatives in his city, and even became the first politician in the US to opt for salary payments in cryptocurrency instead of traditional currency.
The ultimate decision of Americans, which will determine the direction of cryptocurrency policy in the US, could have significant consequences for the global market.
