Key Takeaways

  • Early Bitcoin advocate Brock Pierce announced that he would be running for president over the weekend.
  • Pierce joins rapper and producer Kanye West, who has also been a fervent Bitcoin enthusiast.
  • Last month, it was made clear that President Trump attempted to snuff out Bitcoin in the United States.

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Brock Pierce, the famous Bitcoin investor and entrepreneur, has announced that he will be running for the President of the United States as an independent. The announcement was made via an official press release by Brock Pierce on Jul. 5, 2020.

More Bitcoin Advocates Answer Presidential Call

“I’ve spent my life creating great things from nothing and I can help others do the same,” Pierce said. “Entrepreneurs are essential to the rebuilding of this nation that we love, and I’m running in this race because I know that together we can help build a pathway towards the rebirth of America we love so much.”

Brock Pierce was one of the first people to invest in Bitcoin and see its future potential. Apart from investing in BTC, Pierce has been very active in cultivating a crypto-centric ecosystem.

This advocacy includes founding Blockchain Capital, the first Blockchain-centric VC, as well as co-founding EOS Alliance and Tether. He also serves as the Chairman of the Bitcoin Foundation, a non-profit organization that promotes Bitcoin.

Brock Pierce isn’t the first cryptocurrency proponent to run for the President. 

In June 2018, John McAfee announced he too would be running for the 2020 U.S. Presidential Elections as a libertarian. His main campaign objective was to promote the use of cryptocurrencies. But in March 2020, John McAfee suspended his campaign, instead opting to run for the 2020 Libertarian Party vice-presidential race.

Shortly before Pierce announced his run, rapper and producer Kanye West also announced his candidature. Like Pierce, Kanye West is a big proponent of Bitcoin.

Kanye West is yet to make an official announcement, and so far he has only tweeted his intentions to join the race.

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Only four months are remaining before the presidential elections, which are scheduled to take place on Nov. 3, 2020. Trump currently trails ex-vice president Joe Biden across several polls. 

The current President’s chances took a recent drop following an open attack on Bitcoin, which was made evident in John Bolton’s, the former national security advisor, tell-all account of working in the White house.

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