GOP presidential candidate Vivek Ramaswamy asks for campaign donations in Bitcoin

"What I'm hoping to achieve is freedom for all people. Okay, so we accept donations in the normal form," Ramaswamy said, later adding that "if people want to be able to donate Bitcoin, they should be able to we've worked to deliver the technological solution to make that happen."

"That's campaign message consistent for me because one of my goals is to put the US Federal Reserve back in its place. I think the US Fed needs to focus on stabilizing the dollar as a unit of measurement," Ramaswamy added.

The 37-year-old author and entrepreneur announced his run for the presidency as a GOP candidate in February.

According to CBS, he spoke at the Bitcoin Conference on May 20 where he said that he hopes the cryptocurrency could grow to become a currency alternative for Americans wary of the growing insecurity of the US dollar.

"And part of the signal I'm sending is that, even speaking as a potential leader of the United States, I'm not afraid or made insecure by other forms of currency like Bitcoin that are out there. To the contrary, competition breeds strength," he told Fox. "That's what it means to be self-confident in our own dollar, is that we don't try to suppress other forms of currency. So that's the message that I'm sending."

Ramaswamy, who has said that the US voting age should be raised to 25 years old, also said, "One thing that voters across the country are hungry for is reviving that national identity, that pride, for the next generation of Americans," before claiming that he is in a unique position to do just that.