Vivek Ramaswamy Seeks Refuge in Bitcoin Amidst Economic Turmoil

Republican candidate Vivek Ramaswamy recently voiced his belief that Bitcoin presents a hedge against the current economic downturn. The businessman’s assertion comes as the S&P 500 has declined by over 13% since the start of the year, with investors grappling with volatility and uncertainty. Ramaswamy, in response to Tether CEO Paolo Ardoino’s X post, argued that Bitcoin’s long-term performance suggests a compelling case for its utility as a hedge against market fluctuations. He noted the cryptocurrency’s potential as a haven asset during times of economic uncertainty.