The Daily Beast

Bitcoin Makes QAnon Candidate’s Fundraising Even Sadder

Photo Illustration by Luis G. Rendon/The Daily Beast/Getty

As campaigns vacillate on whether to open their digital wallets to cryptocurrency donations, they might take warning from an unlikely source.

The congressional campaign for Ron Watkins—the man widely believed to be the mastermind behind the QAnon conspiracy theory, and currently a Republican House candidate in Arizona—has reported a 27 percent loss on Bitcoin investments during his first six months as a candidate.

Watkins, a crypto enthusiast, received a letter from the Federal Election Commission this week with questions about the source of donations in his first-ever campaign finance report, which he had already corrected once. While his fundraising was still sad—a total $51,000 for a man who once allegedly commanded an internet army—the new amended filing, submitted last week, revealed tens of thousands of dollars in previously unreported contributions.

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