Bitcoin BTC/USD has become a topic of political discourse as speculation grows over the potential role the digital currency may play in the upcoming US presidential elections.
What Happened: In a Wednesday tweet, Peter McCormack, host of the podcast What Bitcoin Did, made a proposal for a Bitcoin debate between Florida Governor and presidential candidate Ron DeSantis and Democratic presidential hopeful Robert F. Kennedy Jr.
This call for a debate comes as DeSantis made comments on Bitcoin in a conversation with Elon Musk on Twitter spaces. During the conversation, he discussed Bitcoin’s potential to die if Joe Biden is re-elected, stating that the current administration has “it out for Bitcoin.”
Just a few days ago, at the Bitcoin Conference in Miami, Florida, Kennedy Jr. emphasized the need to defend BTC against what he called “invasive surveillance.” He expressed his belief that Bitcoin is necessary for defending privacy and maintaining freedom.
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Why It Matters: Both DeSantis and Kennedy support Bitcoin, but there is a division of sentiment among crypto Twitter users.
One Twitter user commented on the DeSantis conversation, stating, “DeSantis hasn't educated himself on Bitcoin, and he exposed himself to that fact. RobertKennedyJr understands. I expect DeSantis will get feedback and recognize he needs to do Michael Saylor's 10-hour minimum.”
Another user commented on the differing levels of knowledge between the two candidates, stating, “One knows what Bitcoin is. The other just tries to break a coin into pieces and asks where the value is.”
Earlier this week, former Coinbase CTO Balaji Srinivasan said that Bitcoin will play a significant role in the 2024 presidential elections, much as Twitter and Facebook did in past campaigns.
Price Action: At the time of writing, BTC was trading at $26,238.65, down 1.44% in the last 24 hours, according to Benzinga Pro.
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