Bitcoin, Ethereum Supporter Ron DeSantis Says He Will Kill Digital Dollar As President: 'It Goes To The Ash Heap Of History'
Portfolio Pulse from Navdeep Yadav
Florida governor and U.S. presidential hopeful Ron DeSantis, a supporter of Bitcoin and Ethereum, has voiced his opposition to the establishment of a central bank digital currency (CBDC). DeSantis views CBDC as a threat to American liberty, stating that it could lead to the prohibition of certain purchases and the imposition of a social credit system. This comes as the Biden administration prepares to launch America's digital currency, a virtual representation of physical cash.
July 15, 2023 | 4:16 am
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POSITIVE IMPACT
Ron DeSantis' opposition to CBDC could potentially boost the appeal of decentralized cryptocurrencies like Bitcoin.
If a prominent political figure like DeSantis opposes CBDC, it could potentially boost the appeal of decentralized cryptocurrencies like Bitcoin, as they offer an alternative to government-controlled digital currencies.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ron DeSantis' opposition to CBDC could potentially boost the appeal of decentralized cryptocurrencies like Ethereum.
If a prominent political figure like DeSantis opposes CBDC, it could potentially boost the appeal of decentralized cryptocurrencies like Ethereum, as they offer an alternative to government-controlled digital currencies.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70