Robert F. Kennedy Jr., often known as RFK Jr., has thrown his weight behind Bitcoin, dubbing it the “currency of freedom”, sparking market optimism. His endorsement got here as he voiced help for Howard Lutnick, a fellow Bitcoin advocate, for the US Treasury Secretary position. Notably, Kennedy Jr. himself has been tapped by Donald Trump to guide the Department of Health and Human Services (HHS).
“Bitcoin Is the Currency of Freedom”: Robert Kennedy Jr.
Robert F. Kennedy Jr. continues to advocate for BTC and categorical sturdy help for President-elect Donald Trump’s pro-crypto plans. He mentioned “Bitcoin is the currency of freedom” and emphasised the hedge towards inflation use case for middle-class Americans.
“Bitcoin is the currency of freedom, a hedge against inflation for middle class Americans, a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt.”
The assertion got here in response to debates on who will Trump nominate for the Treasury Secretary place. Robert Kennedy Jr believes Bitcoin could have no stronger advocate than Howard Lutnick, chairman and CEO of Cantor Fitzgerald and BGC Group.
According to Polymarket data, Scott Bessent has a 38% probability of getting nominated as US Treasury Secretary. Meanwhile, the chances of Trump deciding on Lutnick jumped to 34%.
Robert Kennedy Jr. additionally supported constructing a strategic Bitcoin reserve by the United States to scale back the ever-rising US debt disaster. RFK Jr. has put most of his wealth into BTC and has advocated for it even earlier than Trump.
Meanwhile, Poland Presidential candidate Slawomir Mentzen has proposed making a strategic Bitcoin reserve within the nation if he’s elected. He claimed to have been a BTC investor since 2013 and adopted the thought of Donald Trump to construct a strategic reserve.
DOGE and BTC Prices to Rally If Howard Lutnick Is Elected
Robert Kennedy Jr. helps Howard Lutnick as he’s the DOGE founding member. Elon Musk and Vivek Ramaswamy have been nominated to guide The Department Of Government Efficiency (D.O.G.E.). Billionaire tech mogul Elon Musk has supported Lutnick over Bessent for Trump’s Treasury Secretary.
Dogecoin value could witness one other large rally if Lutnick is nominated by Trump. DOGE noticed a 160% rally in two weeks, with the value at the moment buying and selling at $0.375. CoinGape analysis of Dogecoin price signifies a transfer towards $1.35 on bullish patterns.
Also, BTC price today trades over $91K because the crypto neighborhood awaits Donald Trump to declare Treasury Secretary of his administration. The anticipation of BTC value hitting $100K this month continues to construct up.
Varinder Singh
Varinder has 10 years of expertise within the Fintech sector, with over 5 years devoted to blockchain, crypto, and Web3 developments. Being a know-how fanatic and analytical thinker, he has shared his information of disruptive applied sciences in over 5000+ information, articles, and papers. With CoinGape Media, Varinder believes within the enormous potential of these progressive future applied sciences. He is at the moment protecting all the newest updates and developments within the crypto business.
Disclaimer: The introduced content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability in your private monetary loss.
