Taking the controversy round having freedom to carry Bitcoin ahead, US presidential candidate Robert F Kennedy Jr has ramped up his assist for the cryptocurrency, asserting its worth as an instrument of civil liberties. This comes at a vital time when the mainstream industrial gamers like Blackrock are forcing US regulators to supply additional regulatory readability within the crypto market.
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A Proponent of Civil Liberty and Bitcoin
Kennedy’s assist for Bitcoin is rooted in his longstanding advocacy for civil liberties. The presidential candidate firmly believes that Bitcoin can function a assure of such freedoms. RFK said;
“I am a long life defender of civil liberty; Bitcoin is both an exercise and a guarantee of those freedoms.”
Further cementing his pro-crypto stance, Kennedy had beforehand promised to exempt the cryptocurrency from capital features taxes ought to he be elected. During the Miami-based Bitcoin Conference held from May 18 to twenty this 12 months, the Democratic candidate spoke favorably about Bitcoin and its potential. After the convention, he additional demonstrated his dedication to cryptocurrency by buying two bitcoins for his seven kids.
Contradictions Surrounding Kennedy’s BTC Holdings
However, Kennedy’s claims about his Bitcoin investments have been a topic of contradiction. He had beforehand mentioned he was not an investor within the cryptocurrency. This assertion contradicted a monetary disclosure type dated June 30, which revealed that Kennedy owned between $100,001 and $250,000 of the cryptocurrency. The marketing campaign initially defined the discrepancy by attributing the holdings to RFK’s spouse however later clarified that the belongings belonged to the candidate.
The presidential candidate’s assist for the cryptocurrency has drawn consideration within the context of the coin’s present market efficiency. Bitcoin price is $25,905.19, with a 24-hour buying and selling quantity of $10,657,011,127. Despite a minor dip of 0.23% within the final 24 hours, BTC maintains its high rating with a market cap of $504,241,296,738.
The affect of political figures like Kennedy on the way forward for Bitcoin stays to be seen, however the cryptocurrency’s presence in mainstream political discourse is plain.
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