Ron DeSantis’ (During His Campaign Launch) Gave a Grim Warning to Bitcoin Investors Worth Paying Attention To.
Plagued with technical problems, he didn’t hold back on his views during a record-breaking Twitter spaces event.
Photo By Gage Skidmore On Wiki Media Free
History is littered with people who have attempted to become the U.S. president.
Heck, Kanye West was all in for 2024 before he lost his marbles.
With a cordless power drill, the Cancel Culture mob quickly drilled the screws in his campaign’s coffin after he started identifying as a nazi and declaring his love for Adolf Hitler.
Ron Desantis, on the other hand, is who the Republican party see as Donald Trump but without the drama.
He’s waging war on wokeism.
He’s expanding gun ownership laws.
He’s restricted Sex and gender identity education in public schools.
He’s limited abortion access (this gets a no from me).
And big Ron has launched an all-out assault on Disney.
Under pressure from employees, the Walt Disney Company publicly opposed the ‘Don’t say gay’ laws last year, which now prohibits discussions of sexual orientation and gender identity at school.
You’d think the staff were there to run a theme park, not a glorified activist organisation, but I guess it’s how things are now.
DeSantis retaliated by denouncing Disney as the “Magic Kingdom of woke corporatism.”
As you can see, he’s hugely controversial but also very popular. American politics is immersed in conflict where press conferences have a sense of theatre you don’t see anywhere else.
It’s box office.
Many people dislike DeSantis because of his Hardline conservative policies. The question is, can he appeal to enough Americans outside of Florida to win a national election?
Polls suggest he can’t beat Donald Trump, who’s nicknamed him “de-sinking ship”. A tad easier for media outlets to spell than De-Sanctimonious.
When Ron DeSantis tried to launch himself as a Major Reblucian candidate and the only person who could fix America’s problems, he ironically encountered a series of technical issues on Twitter spaces.
I’m obsessed with Twitter.
It’s the most helpful platform for learning and information, but you’re playing Russian Roulette, launching your campaign there. I don’t care what Elon says; Twitter spaces are unpredictable and temperamental.
Everyone knows that.
But Ron got one thing right. It was his wild card.
He had a grim warning for Bitcoin investors
And it’s worth paying attention to.
DeSantis; “If Biden Stays in Power, That’ll Be the Beginning of the End for Bitcoin.”
It would only be a matter of time before Government officials used Bitcoin as a political hockey puck.
DeSantis has made his thoughts very clear.
He’s pro-Bitcoin, and if you don’t vote for him, “you ain’t blockchain.”
Wait. I made that bit up, partly stolen from Joe Biden’s quote, “If you don’t vote for me, you ain’t Black.”
C’mon, man.
Having a pro-Bitcoin stance is a clever chess move no one has cottoned onto because Americans continue buying Bitcoin and using digital infrastructure faster than internet adoption despite record inflation, astronomical interest rates, and banking failures.
The numbers are silly.
According to Ark Invest, by 2030, the number of people using digital wallets will grow by 8% yearly, making up 65% of the world’s population.
Digital wallets might take over more than half of all transactions made, adding $450 billion to the current $1 trillion digital wallet value by 2030.
As of the end of 2022, data shows that people who have owned Bitcoin for more than six months make up 71% of all the Bitcoin available to buy and sell.
About 46 million Americans (roughly 22% of adults) own a share of Bitcoin.
DeSantis will be fully aware of this data and have anticipated growing demand for Bitcoin, a savvy political move against conventional dialogue from politicians.
If the people have a growing demand for Bitcoin, but the institutions want to remove it, this is a slam dunk for Ron.
An even more favourable result will be if the people realise substantial profits after Ron approves Bitcoin.
In that case, he’d likely gain unwavering support from Crypto voters for the rest of his political career.
Ark Invest is predicting $1.48 Million By 2030.
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Ron Pulled Out His Trump Card (No Pun Intended)
DeSantis is an advocate for freedom.
So much so that he passed a law rejecting the recognition of CBDCs, as other states considered adding it to their commercial code.
He says he’s opposing the idea because the Federal Reserve is attempting to implement it without authorisation from Congress and that a central bank digital currency would significantly infringe upon people’s financial freedoms and privacy.
He’s warned about the potential for the central authority to manipulate and control transactions, leading to a power transfer from individuals to the government.
While there’s no data to understand how people reacted to the sentiment of DeSantis’ comments, the pro-crypto audience on Twitter retweeted the hell out of the Space, garnering 28.6 million views and raising 8 million dollars in campaign funding.
One question posed to DeSantis during the live Twitter Spaces was
Question; “Where do you come down on this? What is your view of Bitcoin and people’s right to hold and Transact Bitcoin?”
Ron DeSantis — Answer — Source
“You have every right to do Bitcoin.
The only reason these people in Washington dislike it is that they don’t control it.
They’re central planners who desire control over society. Bitcoin represents a threat to them. They’re trying to regulate it out of existence.
Could Congress ban Bitcoin under the Constitution? They may be able to, but I would oppose that.
People should be able to do Bitcoin.
We emphasise the need to return the government to the people — our elected representatives who serve as our voice in making these decisions.
As president, I will protect the ability to do things like Bitcoin.
There are risks involved, but let people make their own decisions. I don’t have the urge to control everything in this Space. The current regime clearly has it out for Bitcoin, and if it continues for another four years, they’ll likely end up killing it.”
Final Thoughts
What Ron DeSantis means by “doing Bitcoin”, I have no idea.
While he hasn’t mastered Crypto terminology, he knows what he’s doing to garner the Bitcoin communities attention.
In a classic political move, his first strategy is to leverage fear.
No politician is killing Bitcoin.
Ron is the watered-down version of Donald Trump but shares similar traits that people find appealing.
His grim warning to Crypto that the Democrats want to kill Bitcoin could be the fear-stricken message that gets him votes and propels his campaign.
The people want clarity on where we stand.
And assurances we won’t be a surveillance state that taxes, monitors, and legislates Bitcoin up to the eyeballs.
Even an all-out ban needs to be taken off the table.
As a neutral, he gets my vote.
I personally do not believe the Political bantering about Bitcoin. It is simply being used to garner votes. The recent release of sealed documents (https://decrypt.co/140438/judge-denies-motion-seal-hinman-documents-ripple-sec-case) puts the Kabosh on the SEC onslaught. In addition, just like China, our government appears to be trying to limit Bitcoin use before a suspected launch of a CDBC. China now is suddenly opening up crypto exchange connections first by not arguing with the Hong Kong exchange opening up to Cryptocurrencies, clearly easing its restrictive stance. The future of value exchange on the internet will almost certainly be cryptocurrency. Any country which restricts development or access to cryptocurrencies, in order to promote use of their Fiat currency will likely be damaging their own Global Financial status. I believe that it is likely that the stance on Cryptocurrencies will suddenly change when a CDBC is released here. This may be hastened by the recent Congressional heat put on the SEC (https://decrypt.co/144280/congressmen-draft-bill-to-fire-gary-gensler)