Ron DeSantis: another Joe Biden Presidency will probably mean the end of Bitcoin

Next year is clearly an important one for Bitcoin. Not only are crypto fans looking forward to the halving (which is historically very bullish for the Bitcoin price), there is also the US presidential election, which is just about the biggest political event in the world.

Candidates from both parties, Democrats and Republicans alike, know that cryptocurrencies are important to American youth and are therefore speaking about the topic. Who stands where in the debate?

Republicans

The leading Republican candidates are currently former President Donald Trump and Florida Governor Ron DeSantis.

Trump sees Bitcoin mainly as a threat to the US dollar and does not talk about it too much. His voters tend to be the elderly, Gen X and the boomers, so crypto is less important to him.

DeSantis is different. He hopes to entice the younger generation of Republican voters. He therefore made his announcement for next year’s election on Twitter, in an exclusive conversation with Elon Musk.

That didn’t go very well (bad audio, many glitches and Twitter’s chief engineer subsequently resigned) and the media focused for two days only on the technical problems of the announcement instead of the content.

If we look at what has been said, we see that DeSantis fears that Joe Biden’s Democrats will eventually ban crypto.

He said:

The only reason these people in Washington don’t like it is because they don’t control it.

The current regime, clearly, they have it out for Bitcoin. And if it continues for another four years, they’ll probably end up killing it.

He also claimed that if he becomes President, there will be no ban on crypto.

Musk also threw in a question about his own favorite digital currency, Dogecoin.

Democrats

On the Democrats side, it is well known that both President Joe Biden and his Treasury Secretary Janet Yellen (officially Secretary of the Treasury) are not fans of crypto and Bitcoin, which is also why several American crypto companies have recently come knocking on Europe’s door.

However, there is a Democratic presidential candidate who is a big fan of Bitcoin.

Robert F. Kennedy, whose uncle was former President John Kennedy, announced his candidacy at a crypto conference in Miami earlier this month.

According to him, the government in Washington DC will one day want to control American bank accounts to see what you spend, so you should invest in crypto to remain free to do what you please.

However, it doesn’t seem like Robert F. Kennedy has a shot at the Democratic nomination as that will logically go to current President Joe Biden.

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