JAKARTA - Vivek Ramaswamy became the second US presidential candidate to officially receive Bitcoin for the 2024 campaign. Bitcoin value fell to 26,931 US dollars (Rp402.2 million) during the announcement.
Ramaswamy stated that he accepted Bitcoin's donation saying, "Give him 1 dollar." This announcement comes two days after Robert F. Kennedy Jr. became the first presidential candidate in US history to accept campaign donations in the form of Bitcoin.
Just announced we’re officially accepting #Bitcoin donations. Give $1. Let’s make the 2024 election a referendum on fiat currency. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz
— Vivek Ramaswamy (@VivekGRamaswamy) May 20, 2023
Just announced we’re officially accepting #Bitcoin donations. Give $1. Let’s make the 2024 election a referendum on fiat currency. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz
At the Bitcoin 2023 event in Miami, Florida, Ramaswamy said, "Let's make the 2024 election a referendum to fiat currencies."
Ramaswamy shows the QR code on stage, which if scanned will direct users to a payment gateway that offers a wide range of payment options for donations, including BTC and Satoshi, Bitcoin's smallest denomination.
Ramaswamy chose the BitPay payment service to accept Bitcoin donations. However, BitPay also supports other cryptocurrencies, including Bitcoin Cash (BCH), Ether (ETH), ApeCoin (APE), Litecoin (LTC), Dogecoin (DOGE), and Shiba Inu (SHIB).
United States citizens who qualify can donate up to $6,600 for the campaign, which cannot be deducted as a charity donation for federal income tax purposes.
The donors will be given nonfungible tokens (NFTs), with the donation page stating, "After donating, come back to claim your NFT."
In February, members of the Kansas House of Representatives legislature proposed a law proposing a limit on political donations with a cryptocurrency of 100 US dollars (Rp1.4 million). For donations below 100 US dollars, fund recipients must "immediately convert" cryptocurrencies into US dollars, not use the cryptocurrency for expenses, and not keep the funds (hodl).
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