Tesla and SpaceX CEO Elon Musk has praised the pro-crypto Republican presidential candidate Vivek Ramaswamy, calling him “very promising.”

Musk made the comments in response to a snippet of Ramaswamy’s interview on Tucker Carlson’s Tucker on Twitter podcast. In the interview, Ramaswamy discussed his support for cryptocurrency and his plans to create a more favorable regulatory environment for the industry if elected president.

“Vivek Ramaswamy is the youngest-ever Republican presidential candidate,” Musk tweeted. “He is a very promising candidate.”

Ramaswamy is a 34-year-old entrepreneur and author. He is the founder and CEO of Strive Capital, a venture capital firm that invests in early-stage technology companies. He is also the author of the book “Woke Inc.: Cancel Culture, Corporate America, and the Rise of the Corporate Social Justice Warriors.”

Ramaswamy has been a vocal critic of government regulation of cryptocurrency. He has argued that the government should not interfere in the development of the industry, and that regulation would stifle innovation.

“Cryptocurrency is a technology that has the potential to revolutionize the way we think about money,” Ramaswamy said in the interview. “We should not let government regulation get in the way of that.”

Musk’s praise for Ramaswamy is significant because he is one of the most influential figures in the cryptocurrency industry. His tweets have the power to move markets, and his support could help Ramaswamy’s campaign gain traction.

The 2024 presidential election is still two years away, but the race is already heating up. The issue of cryptocurrency regulation is likely to be a major campaign issue, and Musk’s endorsement of Ramaswamy could give him a significant advantage.

In addition to Musk, other prominent figures in the cryptocurrency industry have also praised Ramaswamy. These include Changpeng Zhao, the CEO of Binance, and Michael Saylor, the CEO of MicroStrategy.

Ramaswamy’s campaign is still in its early stages, but he has already raised over $1 million. He is running on a platform of economic freedom, limited government, and individual liberty.

It remains to be seen whether Ramaswamy will be able to win the Republican nomination, let alone the presidency. However, his campaign has received a major boost from Musk’s endorsement, and he is now considered a serious contender.