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Author: Admin | 2025-04-27
From the Grand Alliance for National Unity.[50] After he was elected as the president,[50] the country has approved Bitcoin as a legal tender.[51]Two presidential candidates for the 2024 United States presidential election, Robert F. Kennedy Jr (Democrate)[52] and Ron DeSantis (Republican),[53] voiced their support for bitcoin. In the previous presidential elections, Andrew Yang was a Democrat candidate strongly supporting bitcoin.[54]Leaders of several countries voiced their position on bitcoin. Disapproval was voiced by Olaf Scholz (SPD),[55] Joe Biden (Democrat),[56] Donald Trump (Republican).[57] Trump later changed his mind, promised to create a "strategic national Bitcoin stockpile" in the US,[1] and in 2025 issued an executive order to evaluate such a possibility.[58] Trump's vice-presidential pick, JD Vance, is the first known Bitcoin owner to run for vice-president.[1]In the US, cryptocurrency donations to political campaigns have been allowed in federal elections since 2014.[59] Additionally, several US states explicitly allow or prohibit such donations for state-level elections.[59] The 2022 re-election campaign of Colorado governor Jared Polis (Democrat) was officially accepting bitcoin and other cryptocurrencies.[59]According to a 2024 survey by Gemini, more than one-fifth of Americans own cryptocurrency, and 73% of them plan to consider a candidate's stance on crypto when they vote in the election.[1] During the 2024 US elections cycle, cryptocurrency companies contributed one-third of all direct corporate contributions to super PACs, or political action committees; 85% of the congressional candidates supported by the industry won their races,[60] including both Republicans and Democrats.[61] 253 pro-crypto candidates had been elected to the House of Representatives, compared with 115 anti-crypto candidates. In the Senate, 16 pro-crypto candidates and 12 anti-crypto candidates were elected.[61]Associated ideologies[edit]Satoshi Nakamoto stated in an essay accompanying bitcoin's code that: "The root problem with conventional currencies is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust."[62]Austrian economics roots[edit]The very first mined block of Bitcoin contains a message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks", which refers to a headline in The Times published on 3
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