Washington (CNN) Forget 2016. Kanye West says he's planning to run for president in 2020.

In a candid and at times heartfelt acceptance speech at Sunday night's MTV Video Music Awards, the rapper concluded his remarks by announcing a presidential bid for the election five years from now.

"I don't know what I finna lose after this. It don't matter, though; It's not about me. It's about ideas. New ideas. People with ideas. People who believe in truth," West said. "And yes, as you probably could've guessed by this moment, I have decided in 2020 to run for president."

It was unclear how serious West was about his plans for running for president. He told the audience that if they are wondering "Did he smoke something before he came out here," then "the answer is 'Yes, I rolled up a little something. I knocked the edge off.'"

The declaration came after his reflections on whether he would have acted differently if he could change his behavior during the infamous 2009 incident when he grabbed the microphone from VMA award winner Taylor Swift.

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