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RFK Jr. backs Trump, boosting pro-Bitcoin alliance

RFK Jr. backs Trump, boosting pro-Bitcoin alliance

GrafaGrafa2024/08/24 07:15
By:Liezl Gambe

Robert F. Kennedy Jr., the prominent independent candidate for President of the United States, has officially endorsed Donald Trump in the 2024 Presidential election. 

This endorsement marks a significant political shift, as it brings together two of the three leading presidential candidates who are openly supportive of Bitcoin (CRYPTO:BTC) on the same side of the political spectrum.

Kennedy, who had previously run as an independent after leaving the Democratic Party, stated that he no longer sees a realistic path to victory. 

He revealed that his decision to endorse Trump came after being offered a position within Trump’s administration. 

Kennedy explained that after meeting with Trump and his family, he discovered they shared common ground on several key issues, including free speech, the war in Ukraine, and what he referred to as the "war on our children."

Kennedy emphasised that his decision was also driven by a desire to avoid being a “spoiler” in the electoral race. 

He noted that internal polling from his campaign indicated that his continued presence in the election could split the vote in a way that would benefit Kamala Harris and the Democratic Party, a party he criticised for not addressing the nation's health crisis.

In his endorsement, Kennedy expressed his disillusionment with the modern Democratic Party, claiming it no longer reflects the values it once championed during the era of his father and uncle, John F. Kennedy. 

He criticised the party for its stance on issues such as censorship, authoritarianism, and its close ties with big pharma and big tech.

Kennedy’s endorsement of Trump is expected to have a significant impact on the election. 

Following the announcement, Trump’s chances of winning the election remained steady, but the price of Bitcoin surged by 5.34% to $63,661, reflecting the influence of U.S. electoral politics on the cryptocurrency market

Trump has become a favored candidate among crypto leaders who are dissatisfied with the Biden administration’s stance on digital assets. 

Unlike the Democratic Party, the Republican Party’s platform is seen as more favorable to Bitcoin and cryptocurrency.

At the time of reporting, the Bitcoin (BTC) price was $64,235.19.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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