Former presidential candidate Robert F. Kennedy Jr. didn’t mince phrases when he praised Bitcoin BTC/USD as an answer to the U.S. nationwide debt and an inflation hedge.
What Occurred: Kennedy not too long ago took to X to precise his unwavering assist for the main cryptocurrency.
“Bitcoin is the forex of freedom, a hedge in opposition to inflation for middle-class People, a treatment in opposition to the greenback’s downgrade from the world’s reserve forex, and the offramp from a ruinous nationwide debt,” he stated.
Kennedy additionally firmly endorsed Howard Lutnik for Treasury Secretary within the incoming Donald Trump administration, arguing that the Cantor Fitzgerald CEO can be a serious advocate of Bitcoin.
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Why It Issues: Kennedy Jr.’s advocacy for Bitcoin will not be new. In July, throughout his presidential marketing campaign, he expressed his intent to steer the federal authorities to build up Bitcoin till its holdings equaled the nation’s gold reserves.
Kennedy had earlier voiced his conviction that cryptocurrency must be handled as a forex, not taxed as capital beneficial properties, and used for on a regular basis purchases.
In the meantime, President-elect Trump introduced that Kennedy would function the Secretary of Well being and Human Providers (HHS), marking the inclusion of yet one more pro-Bitcoin voice within the upcoming cupboard. Rep. Matt Gaetz (R-Fla.) was picked up because the nominee for lawyer normal, whereas Tulsi Gabbard was nominated as Director of Nationwide Intelligence.
Value Motion: On the time of writing, Bitcoin was exchanging arms at $90,653.00, up 0.69% within the final 24 hours, in keeping with knowledge from Benzinga Professional.
Learn Subsequent: Michael Saylor Predicts Bitcoin Growth, Says $100K On The Horizon
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