What Bitcoin Did with Peter McCormack
Business:Investing
“Freedom to code, freedom for financial self-reliance, and most importantly freedom to innovate free from regulatory overreach.”
— Vivek Ramaswamy
Vivek Ramaswamy is a 2024 US presidential candidate. In this interview, we discuss Vivek’s decision to run for president, his experiences in the corporate world and his belief in American ideals like free speech and meritocracy. Vivek outlines his plans to reduce government size, address national debt and protect individual wealth. We also talk about the importance of constitutional principles and why he may be the most pro-Bitcoin candidate in American history.
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Vivek Ramaswamy has had a massive impact on the Republican primaries. A relative novice in a field of candidates dominated by Republican big hitters like DeSantis, Haley, Christie and Pence, Vivek has rapidly taken his place amongst the leading contenders for the Republican presidential nomination with a largely self-funded campaign. In some polls, Vivek has placed second behind Trump.
A former biotech CEO, Vivek has decided to enter politics as a means to drive change. He states this decision came after witnessing a suffocating environment in corporate America. Vivek's journey into politics is not a conventional one. He is not a career politician, nor does he come from a high-profile business background. Instead, he believes he is an outsider with a unique set of attributes who can offer a viable alternative to the status quo.
We discuss his belief that a strand of progressivism has been weaponized as a deflection tool by those in power to avoid accountability for their failures. Vivek emphasises that his critique of “woke” ideology is not specifically directed at the left, but is based on a reaction to the dangers posed by the merger of state, corporate, and institutional power. All the while, the critical issues being faced by the country, such as drug addiction and the neglect of cities, continue to exacerbate.
Vivek outlines his plan to reduce the size of the federal government by 75% and suggests that the US president has the power to do so on day one. He believes in zero-based budgeting and illustrates the need to reassess the necessity of each budget item from the ground up. He also criticises the trillions of dollars spent on foreign wars and proposes a policy of not providing foreign aid to countries with lower national debt per capita than the United States.
We also discuss the importance of protecting individual wealth and Vivek’s advocacy for Bitcoin. His comprehensive crypto policy includes restoring constitutional principles such as protecting the freedom to code, financial self-reliance and the freedom to innovate. And, for a community where signal is everything, it’s important to note that he’s the first Republican politician to enable Bitcoin lightning donations, and he could also be the first-ever presidential candidate to own Bitcoin.
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This episode’s sponsors:
Iris Energy - Bitcoin Mining. Done Sustainably
Bitcasino - The Future of Gaming is here
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Unchained - Secure your bitcoin with confidence
Orange Pill App - Stack friends who stack sats
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