- RFK has endorsed Bitcoin as a hedge in opposition to inflation.
- The Polish presidential candidate vowed to comply with in Donald Trump’s footsteps.
Because the mud settles from the current U.S. election, cryptocurrency has confirmed to be greater than a monetary instrument; it has turn out to be a political assertion.
This election season noticed candidates from each side of the aisle taking agency stances on digital currencies. The most recent one comes from Robert F. Kennedy Jr, Donald Trump’s choose for the U.S. Well being Secretary.
Within the newest publish on X (previously Twitter), Kennedy said,
“Bitcoin is the currency of freedom, a hedge against inflation.”
He emphasised its significance for middle-class Individuals as a safeguard in opposition to the greenback’s diminishing world standing and a possible resolution to the nation’s mounting debt.
RFK’s longstanding Bitcoin advocacy
Price noting that this isn’t the primary time Kennedy has championed Bitcoin [BTC]. In a not too long ago resurfaced video, he reaffirmed his dedication to the cryptocurrency, calling himself a ‘huge supporter’.
He added that after attending the Bitcoin convention, he,
“Put most of my wealth into Bitcoin, so I’m fully committed.”
Kennedy’s backing of Bitcoin underscores its evolving function not simply as a monetary device but in addition as a cornerstone of his coverage advocacy.
One other Bitcoin President?
Kennedy isn’t the one world political determine embracing cryptocurrency. Polish presidential candidate Slawomir Mentzen has additionally voiced his assist for Bitcoin.
In a publish on X, Mentzen declared his intention to rework Poland into a world crypto hub, remarking:
“If I become the President of Poland, our country will become a cryptocurrency haven.”
He elaborated on plans to realize this imaginative and prescient, promising low taxes, crypto-friendly laws, and assist from banks. Mentzen’s dedication to cryptocurrency is private in addition to political—he owns over $3 million in BTC.
Apparently, his proposal to create a strategic Bitcoin reserve mirrors comparable insurance policies mentioned within the U.S., showcasing crypto’s rising enchantment as a geopolitical asset.
Bitcoin overtakes Saudi Aramco
In the meantime, Bitcoin has continued its meteoric rise, not too long ago surpassing $90,000. This surge in worth has now made it the seventh-largest asset worldwide by market capitalization.
In keeping with knowledge from CompaniesMarketCap, Bitcoin with a market cap of $1.79 trillion dethroned oil large Saudi Aramco to take its place, which boasted a market cap of $1.78 trillion at press time.
This achievement follows Bitcoin’s current milestones of surpassing Meta and Silver.
Ergo, the query: How lengthy until Bitcoin overtakes Alphabet, the mum or dad firm of Google?
Supply: CompaniesMarketCap
AMBCrypto used the Crypto Market Cap Calculator, to search out out that Bitcoin would wish a median value of $110,000 to realize a market cap of $2.17 trillion, thus surpassing Alphabet.
Whether or not that may occur this quickly or by no means stays unsure.
Nonetheless, its surging worth and growing political affect signify that Bitcoin is not only a cryptocurrency—it’s evolving into a serious drive on the worldwide stage.
