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Bitcoin Gets Backing From US Pres’l Candidate, Says Crypto Supports Civil Rights

August 23, 2023
in Crypto Updates
Reading Time: 3 mins read
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US presidential candidate Robert F. Kennedy Jr. has emerged as a fervent advocate for Bitcoin, elevating the cryptocurrency into the realm of civil liberties. Characterizing himself as a “lifelong defender of civil liberties,” Kennedy passionately endorsed the crypto as a manifestation of the very freedoms he holds pricey. 

With the upcoming presidential election looming, Kennedy strategically pivoted to emphasise the significance of Bitcoin and the broader panorama of digital property, utilizing his platform of selection, X (previously Twitter).

Robert F. Kennedy Jr. Champions Digital Belongings In The Political Area

Kennedy has seamlessly woven digital property into the material of his marketing campaign, underscoring his devotion to the trigger with declarations that echo sentiments expressed in latest months. 

Underlining his pro-crypto stance, Kennedy boldly pledged to defend cryptocurrencies from capital positive aspects taxes if elected—an announcement that resonated deeply inside the cryptocurrency neighborhood. This place not solely additional solidified his dedication to the digital realm but additionally signaled a departure from typical fiscal insurance policies.

#Kennedy24 pic.twitter.com/DLUgFoxo1f

— Robert F. Kennedy Jr (@RobertKennedyJr) August 22, 2023

Bitcoin Turns into Private For Kennedy

Unveiling a facet of his dedication to the trigger, Kennedy divulged that he just lately invested in Bitcoin himself. Following his look at a outstanding Bitcoin convention in Miami, Kennedy proclaimed that he “determined to place my cash the place my mouth is,” underscoring his unwavering assist for the cryptocurrency. 

BTC market cap at $506 billion on the each day chart: TradingView.com

This transfer set an instance for his supporters and solidifying his authenticity within the crypto sphere. Intriguingly, after the convention, the presidential candidate demonstrated his dedication by gifting two Bitcoins to every of his seven kids, thereby additional embedding the idea of digital property inside his household legacy.

Navigating Uneven Waters In Crypto Markets

In a local weather the place cryptocurrency markets are sometimes outlined by their volatility, Kennedy’s endorsement of Bitcoin has come amidst a backdrop of fluctuating costs. As evidenced by the present BTC worth of $26,022, reflecting a minor decline of 0.1%, and a notable seven-day droop of 10.8%,

Bitcoin hangs regular on the $26K degree. Chart: TradingView.com

Within the realm of politics, the place candidates’ positions on know-how and digital innovation are sometimes scrutinized, Kennedy’s outspoken assist for Bitcoin shines a highlight on the evolving intersection of digital property and civil liberties. 

With daring guarantees and tangible investments, Kennedy has steered his marketing campaign into uncharted waters, leaving a mark on each the political and cryptocurrency landscapes.

Notably, his resolute advocacy of Bitcoin as an embodiment of civil liberties invigorates discussions surrounding the intrinsic worth and transformative potential of digital property. 

Featured picture from Forbes



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Tags: BackingBitcoincandidatecivilCryptoPreslRightsSupports
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