Bitcoin donations have been helping politicians organize well-funded electoral campaigns in recent times. Candidates are putting more interest in bitcoin and other cryptocurrencies now since they are a proven and viable means of getting substantial campaign donations.
Obama Funded with Credit Cards, Next Generation Politics Uses Bitcoin
According to ABC News, Missouri Republican Austin Petersen‘s campaign for Senate received 24 bitcoin contributions totaling $9,700. One of the transactions was a donation of 0.284 bitcoin (BTC) which was worth $4,500 at the time of reception on December 20, 2017.
The campaign manager hinted on January 11, 2018, that the bitcoin donation was the most massive single bitcoin contribution in the history of the federal election. Petersen’s campaign manager Jeff Carson explained that “it goes without saying we’re going to see a lot more of this in terms of campaign contributions and campaign financing.”