The libertarian-aligned financial adviser would support himself with $5 million in crypto assets.
A libertarian Bitcoin enthusiast is considering a self-funded run for the Republican Senate nomination in New Hampshire.
Due to his ties to the state's vibrant libertarian movement and ambitions to self-fund with $5 million in Bitcoin fortune, political newcomer Bruce Fenton's candidacy could shake up the state's quiet GOP primary. Fenton might potentially garner national support from Bitcoin aficionados, who have been increasingly vocal in the political sphere in recent months.
"I would run for all Bitcoiners and all New Hampshire residents," Fenton, a financial adviser and Bitcoin activist, told POLITICO.
Maggie Hassan, the state's incumbent Democrat, is running for re-election. Republican Gov. Chris Sununu declined the opportunity to run against her, allowing a few lesser-known party officials, including state Senate President Chuck Morse, to compete for the GOP nomination.
Fenton said he's been reaching out to possible supporters and weighing the pros and cons of a late entry into the race. He stated that his desire to run is motivated in part by his opposition to Covid lockdowns and vaccine requirements.
Fenton arrived to New Hampshire from Massachusetts several years ago as part of the Free State Project, a drive to establish a libertarian stronghold in the state.
He was previously the executive director of the non-profit Bitcoin Foundation, which was instrumental in promoting the cryptocurrency during its early years.
Fenton stated that he will make a final choice by early next month, when he plans to travel to Miami to attend Bitcoin 2022, a huge annual cryptocurrency meeting.
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