To view this page ensure that Adobe Flash Player version 10.2.0 or greater is installed. Political candidates may be watching the ups and downs of bitcoin a little more now, because it could be the new frontier for increasing campaign contributions.

Missouri Republican Austin Petersen’s campaign for Senate received 24 bitcoin donations, valued at a total of $9,700, the campaign said in a statement released on Jan. 11 — and one of them was the largest single bitcoin donation in federal election history.

That donation — 0.284 of a bitcoin — was instantly converted to dollars by a bitcoin processor when it was received on Dec. 20, 2017.

Because of bitcoin’s market value at that time, it was worth $4,500. “I think it goes without saying we’re going to see a lot more of this in terms of campaign contributions and campaign financing,” Jeff Carson, the campaign manager for Petersen’s Senate bid, told ABC News.

Accepting partial bitcoins as campaign contributions, he added, lines up with Petersen’s political philosophy. “Austin is personally a fan of competition in the marketplace, even when it comes to our currency,” Carson said. Read more from abcnews.go.com…

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