Vivek Ramaswamy, a U.S. presidential candidate, has voiced concerns that the government feels threatened by Bitcoin. Though backlashes against cryptocurrencies have largely focused on concerns about illegal activities, usage in illicit markets, and volatility, Ramaswamy believes that at the heart of the issue lies state sovereignty concerns. The rise of borderless, decentralized digital currencies like Bitcoin is perceived by some as a challenge to government control over fiat currencies and financial systems. It will be interesting to see how the relationship between the government and cryptocurrencies evolves in the years to come.











