Robert Kennedy Jr. Declares Bitcoin ‘Currency of Freedom’ Amid New Role

by

As a researcher with a keen interest in cryptocurrencies and politics, I find myself intrigued by the recent developments surrounding Bitcoin and the potential impact of Robert Kennedy Jr.’s influence. Having followed RFK Jr.’s career for many years, it’s fascinating to see him championing Bitcoin as “the currency of freedom.

Robert Kennedy Junior, often referred to as RFK Junior, is driving a significant positive wave towards Bitcoin, describing it as the “currency of liberty.” These remarks were made in backing Howard Lutnick for the position of U.S. Treasury Secretary. Donald Trump, then President-elect, had nominated RFK Junior to serve as the United States Secretary of Health and Human Services (HHS). In simpler terms, RFK Junior is advocating for Bitcoin, likening it to a currency that symbolizes freedom, and he was once considered for a cabinet position in the U.S. government under President Trump, specifically as the Secretary of Health and Human Services.

“Bitcoin Is the Currency of Freedom”: Robert Kennedy Jr.

Robert F. Kennedy Jr. continues to advocate for BTC and express strong support for President-elect Donald Trump’s pro-crypto plans. He said “Bitcoin is the currency of freedom” and emphasized the hedge against inflation use case for middle-class Americans.

Bitcoin serves as a symbol of financial freedom, providing an alternative to inflationary concerns for the American middle class, offering relief amidst the dollar’s potential demotion as the global reserve currency, and acting as an escape route from crippling national debt.

In reaction to discussions about who Trump might choose as his Treasury Secretary pick, Robert Kennedy Jr thinks that Howard Lutnick, head of Cantor Fitzgerald and BGC Group, would be a particularly passionate supporter of Bitcoin.

Based on information from Polymarket, there’s approximately a 38% likelihood that Scott Bessent will be nominated for the position of U.S. Treasury Secretary. At the same time, the probability has risen to 34% that Trump might choose Lutnick for a role.

Robert Kennedy Junior endorsed the idea of establishing a tactical Bitcoin reserve by the U.S., aiming to mitigate the escalating issue of the country’s debt crisis. Prior to Trump, RFK Jr. had already shown strong support for Bitcoin, with a significant portion of his personal assets invested in this digital currency.

Should he be elected as Poland’s president, Slawomir Mentzen plans to establish a strategic Bitcoin reserve within the nation. He has been an investor in Bitcoin since 2013 and draws inspiration from Donald Trump’s concept of building a strategic reserve, suggesting a similar approach for Bitcoin.

DOGE and BTC Prices to Rally If Howard Lutnick Is Elected

Robert Kennedy Jr. endorses Howard Lutnick because he was one of the original founders of DOGE (Department of Government Efficiency). Meanwhile, Elon Musk and Vivek Ramaswamy have been nominated to head D.O.G.E. Billionaire tech tycoon Elon Musk has expressed his backing for Lutnick over Bessent in the race for Trump’s Treasury Secretary position.

If Lutnick gets nominated by Trump, there’s a strong possibility that the price of Dogecoin might surge significantly again. In just two weeks, DOGE experienced a 160% surge, currently trading at about $0.375. According to CoinGape’s analysis on Dogecoin trends, we could see a bullish pattern pushing the price toward an impressive $1.35.

Moreover, Bitcoin’s price surpasses $91,000 while cryptocurrency enthusiasts eagerly wait for a potential announcement from Donald Trump regarding his administration’s Treasury Secretary position. The growing excitement about Bitcoin reaching $100,000 this month persists.

Read More

2024-11-18 11:12