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Bitcoin Bitcoin (BTC) $117,532.20 ↑ 1.37%
Ethereum Ethereum (ETH) $3,750.56 ↑ 3.41%
XRP XRP (XRP) $3.15 ↑ 1.72%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.02%
BNB BNB (BNB) $782.41 ↑ 2.61%
Solana Solana (SOL) $186.25 ↑ 4.23%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 4.55%
TRON TRON (TRX) $0.32 ↑ 1.28%
Cardano Cardano (ADA) $0.83 ↑ 2.47%
Hyperliquid Hyperliquid (HYPE) $44.38 ↑ 5.44%
Stellar Stellar (XLM) $0.45 ↑ 6.28%
Sui Sui (SUI) $4.00 ↑ 9.35%
Chainlink Chainlink (LINK) $18.40 ↑ 4.81%
Hedera Hedera (HBAR) $0.27 ↑ 13.02%
Bitcoin Cash Bitcoin Cash (BCH) $554.75 ↑ 5.46%
Avalanche Avalanche (AVAX) $24.11 ↑ 3.74%
Litecoin Litecoin (LTC) $113.42 ↑ 2.97%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 5.56%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ 0.00%
Toncoin Toncoin (TON) $3.32 ↑ 7.44%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $10.52 ↑ 6.02%
Polkadot Polkadot (DOT) $4.12 ↑ 4.25%
Monero Monero (XMR) $323.92 ↓ -3.63%
Dai Dai (DAI) $1.00 ↑ 0.00%
Bitget Token Bitget Token (BGB) $4.58 ↑ 2.84%
Pepe Pepe (PEPE) $0.00 ↑ 4.45%
Aave Aave (AAVE) $297.77 ↑ 3.86%
Cronos Cronos (CRO) $0.13 ↑ 5.83%
Bittensor Bittensor (TAO) $426.42 ↑ 3.81%
Ethena Ethena (ENA) $0.59 ↑ 19.53%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 7.41%
Ethereum Classic Ethereum Classic (ETC) $23.12 ↑ 5.80%
Pi Pi (PI) $0.44 ↑ 1.13%
Ondo Ondo (ONDO) $1.05 ↑ 5.14%
Aptos Aptos (APT) $4.78 ↑ 3.19%
Internet Computer Internet Computer (ICP) $5.62 ↑ 3.91%
Bonk Bonk (BONK) $0.00 ↑ 7.40%
OKB OKB (OKB) $48.13 ↑ 1.04%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 14.91%
Kaspa Kaspa (KAS) $0.10 ↑ 2.40%
Mantle Mantle (MNT) $0.77 ↑ 3.61%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 3.12%
Algorand Algorand (ALGO) $0.27 ↑ 5.05%
Arbitrum Arbitrum (ARB) $0.45 ↑ 5.40%
VeChain VeChain (VET) $0.03 ↑ 5.52%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.06%
Render Render (RENDER) $4.21 ↑ 5.71%
GateToken GateToken (GT) $17.62 ↑ 1.25%
Worldcoin Worldcoin (WLD) $1.16 ↑ 4.11%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.13 ↑ 3.15%
Sky Sky (SKY) $0.09 ↑ 13.38%
Sei Sei (SEI) $0.33 ↑ 5.14%
Cosmos Cosmos (ATOM) $4.69 ↑ 2.46%
SPX6900 SPX6900 (SPX) $1.96 ↑ 13.66%
Filecoin Filecoin (FIL) $2.65 ↑ 3.71%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 1.36%
Jupiter Jupiter (JUP) $0.55 ↑ 4.77%
Flare Flare (FLR) $0.02 ↑ 5.35%
Story Story (IP) $5.41 ↑ 5.06%
KuCoin Token KuCoin Token (KCS) $11.72 ↓ -2.34%
Quant Quant (QNT) $121.48 ↑ 3.07%
Curve DAO Token Curve DAO Token (CRV) $1.07 ↑ 7.31%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.04%
Injective Injective (INJ) $14.22 ↑ 6.69%
Celestia Celestia (TIA) $1.96 ↑ 7.35%
XDC Network XDC Network (XDC) $0.09 ↑ 4.32%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↑ 1.39%
Four Four (FORM) $3.39 ↑ 1.03%
Stacks Stacks (STX) $0.81 ↑ 5.83%
FLOKI FLOKI (FLOKI) $0.00 ↑ 8.88%
Optimism Optimism (OP) $0.72 ↑ 6.19%
Ethereum Name Service Ethereum Name Service (ENS) $30.32 ↑ 9.24%
dogwifhat dogwifhat (WIF) $1.07 ↑ 5.04%
Immutable Immutable (IMX) $0.57 ↑ 5.29%
The Graph The Graph (GRT) $0.10 ↑ 4.06%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 3.79%
Kaia Kaia (KAIA) $0.16 ↑ 2.35%
Lido DAO Lido DAO (LDO) $1.10 ↑ 4.22%
Sonic Sonic (S) $0.33 ↑ 3.71%
PancakeSwap PancakeSwap (CAKE) $2.76 ↑ 5.50%
PAX Gold PAX Gold (PAXG) $3,354.24 ↓ -0.40%
Tezos Tezos (XTZ) $0.90 ↑ 5.54%
Conflux Conflux (CFX) $0.18 ↑ 3.46%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 10.08%
Vaulta Vaulta (A) $0.58 ↑ 2.69%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.01%
Theta Network Theta Network (THETA) $0.88 ↑ 4.60%
Nexo Nexo (NEXO) $1.32 ↑ 1.30%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 4.31%
Tether Gold Tether Gold (XAUt) $3,345.59 ↓ -0.45%
IOTA IOTA (IOTA) $0.21 ↑ 5.08%
Raydium Raydium (RAY) $3.05 ↑ 4.68%
Gala Gala (GALA) $0.02 ↑ 3.77%
The Sandbox The Sandbox (SAND) $0.31 ↑ 3.80%
Aerodrome Finance Aerodrome Finance (AERO) $0.91 ↑ 3.47%
Pendle Pendle (PENDLE) $4.49 ↑ 5.62%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 5.72%
Jito Jito (JTO) $1.97 ↑ 0.99%
Bitcoin Bitcoin (BTC) $117,532.20 ↑ 1.37%
Ethereum Ethereum (ETH) $3,750.56 ↑ 3.41%
XRP XRP (XRP) $3.15 ↑ 1.72%
Tether USDt Tether USDt (USDT) $1.00 ↑ 0.02%
BNB BNB (BNB) $782.41 ↑ 2.61%
Solana Solana (SOL) $186.25 ↑ 4.23%
USDC USDC (USDC) $1.00 ↑ 0.01%
Dogecoin Dogecoin (DOGE) $0.24 ↑ 4.55%
TRON TRON (TRX) $0.32 ↑ 1.28%
Cardano Cardano (ADA) $0.83 ↑ 2.47%
Hyperliquid Hyperliquid (HYPE) $44.38 ↑ 5.44%
Stellar Stellar (XLM) $0.45 ↑ 6.28%
Sui Sui (SUI) $4.00 ↑ 9.35%
Chainlink Chainlink (LINK) $18.40 ↑ 4.81%
Hedera Hedera (HBAR) $0.27 ↑ 13.02%
Bitcoin Cash Bitcoin Cash (BCH) $554.75 ↑ 5.46%
Avalanche Avalanche (AVAX) $24.11 ↑ 3.74%
Litecoin Litecoin (LTC) $113.42 ↑ 2.97%
Shiba Inu Shiba Inu (SHIB) $0.00 ↑ 5.56%
UNUS SED LEO UNUS SED LEO (LEO) $8.98 ↓ 0.00%
Toncoin Toncoin (TON) $3.32 ↑ 7.44%
Ethena USDe Ethena USDe (USDe) $1.00 ↓ -0.01%
Uniswap Uniswap (UNI) $10.52 ↑ 6.02%
Polkadot Polkadot (DOT) $4.12 ↑ 4.25%
Monero Monero (XMR) $323.92 ↓ -3.63%
Dai Dai (DAI) $1.00 ↑ 0.00%
Bitget Token Bitget Token (BGB) $4.58 ↑ 2.84%
Pepe Pepe (PEPE) $0.00 ↑ 4.45%
Aave Aave (AAVE) $297.77 ↑ 3.86%
Cronos Cronos (CRO) $0.13 ↑ 5.83%
Bittensor Bittensor (TAO) $426.42 ↑ 3.81%
Ethena Ethena (ENA) $0.59 ↑ 19.53%
NEAR Protocol NEAR Protocol (NEAR) $2.86 ↑ 7.41%
Ethereum Classic Ethereum Classic (ETC) $23.12 ↑ 5.80%
Pi Pi (PI) $0.44 ↑ 1.13%
Ondo Ondo (ONDO) $1.05 ↑ 5.14%
Aptos Aptos (APT) $4.78 ↑ 3.19%
Internet Computer Internet Computer (ICP) $5.62 ↑ 3.91%
Bonk Bonk (BONK) $0.00 ↑ 7.40%
OKB OKB (OKB) $48.13 ↑ 1.04%
Pudgy Penguins Pudgy Penguins (PENGU) $0.04 ↑ 14.91%
Kaspa Kaspa (KAS) $0.10 ↑ 2.40%
Mantle Mantle (MNT) $0.77 ↑ 3.61%
POL (prev. MATIC) POL (prev. MATIC) (POL) $0.23 ↑ 3.12%
Algorand Algorand (ALGO) $0.27 ↑ 5.05%
Arbitrum Arbitrum (ARB) $0.45 ↑ 5.40%
VeChain VeChain (VET) $0.03 ↑ 5.52%
World Liberty Financial USD World Liberty Financial USD (USD1) $1.00 ↑ 0.06%
Render Render (RENDER) $4.21 ↑ 5.71%
GateToken GateToken (GT) $17.62 ↑ 1.25%
Worldcoin Worldcoin (WLD) $1.16 ↑ 4.11%
OFFICIAL TRUMP OFFICIAL TRUMP (TRUMP) $10.13 ↑ 3.15%
Sky Sky (SKY) $0.09 ↑ 13.38%
Sei Sei (SEI) $0.33 ↑ 5.14%
Cosmos Cosmos (ATOM) $4.69 ↑ 2.46%
SPX6900 SPX6900 (SPX) $1.96 ↑ 13.66%
Filecoin Filecoin (FIL) $2.65 ↑ 3.71%
Artificial Superintelligence Alliance Artificial Superintelligence Alliance (FET) $0.73 ↑ 1.36%
Jupiter Jupiter (JUP) $0.55 ↑ 4.77%
Flare Flare (FLR) $0.02 ↑ 5.35%
Story Story (IP) $5.41 ↑ 5.06%
KuCoin Token KuCoin Token (KCS) $11.72 ↓ -2.34%
Quant Quant (QNT) $121.48 ↑ 3.07%
Curve DAO Token Curve DAO Token (CRV) $1.07 ↑ 7.31%
First Digital USD First Digital USD (FDUSD) $1.00 ↑ 0.04%
Injective Injective (INJ) $14.22 ↑ 6.69%
Celestia Celestia (TIA) $1.96 ↑ 7.35%
XDC Network XDC Network (XDC) $0.09 ↑ 4.32%
Fartcoin Fartcoin (FARTCOIN) $1.37 ↑ 1.39%
Four Four (FORM) $3.39 ↑ 1.03%
Stacks Stacks (STX) $0.81 ↑ 5.83%
FLOKI FLOKI (FLOKI) $0.00 ↑ 8.88%
Optimism Optimism (OP) $0.72 ↑ 6.19%
Ethereum Name Service Ethereum Name Service (ENS) $30.32 ↑ 9.24%
dogwifhat dogwifhat (WIF) $1.07 ↑ 5.04%
Immutable Immutable (IMX) $0.57 ↑ 5.29%
The Graph The Graph (GRT) $0.10 ↑ 4.06%
Virtuals Protocol Virtuals Protocol (VIRTUAL) $1.58 ↑ 3.79%
Kaia Kaia (KAIA) $0.16 ↑ 2.35%
Lido DAO Lido DAO (LDO) $1.10 ↑ 4.22%
Sonic Sonic (S) $0.33 ↑ 3.71%
PancakeSwap PancakeSwap (CAKE) $2.76 ↑ 5.50%
PAX Gold PAX Gold (PAXG) $3,354.24 ↓ -0.40%
Tezos Tezos (XTZ) $0.90 ↑ 5.54%
Conflux Conflux (CFX) $0.18 ↑ 3.46%
Pump.fun Pump.fun (PUMP) $0.00 ↑ 10.08%
Vaulta Vaulta (A) $0.58 ↑ 2.69%
PayPal USD PayPal USD (PYUSD) $1.00 ↑ 0.01%
Theta Network Theta Network (THETA) $0.88 ↑ 4.60%
Nexo Nexo (NEXO) $1.32 ↑ 1.30%
JasmyCoin JasmyCoin (JASMY) $0.02 ↑ 4.31%
Tether Gold Tether Gold (XAUt) $3,345.59 ↓ -0.45%
IOTA IOTA (IOTA) $0.21 ↑ 5.08%
Raydium Raydium (RAY) $3.05 ↑ 4.68%
Gala Gala (GALA) $0.02 ↑ 3.77%
The Sandbox The Sandbox (SAND) $0.31 ↑ 3.80%
Aerodrome Finance Aerodrome Finance (AERO) $0.91 ↑ 3.47%
Pendle Pendle (PENDLE) $4.49 ↑ 5.62%
Pyth Network Pyth Network (PYTH) $0.13 ↑ 5.72%
Jito Jito (JTO) $1.97 ↑ 0.99%
Home Cryptocurrency

50% of RFK Jr.’s Wealth Is in Bitcoin Price, What Does He Know That We Don’t?

Shumayel Affandi by Shumayel Affandi
18 November 2024
in Cryptocurrency, News
Reading Time: 4 mins read
0
50% of RFK Jr.'s Wealth Is in Bitcoin Price, What Does He Know That We Don’t?

50% of RFK Jr.'s Wealth Is in Bitcoin Price

Table of Contents

Toggle
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  • RFK Jr.’s Bitcoin Price Advocacy and A Longstanding Commitment 
  • Vision for Bitcoin Integration in the U.S. Economy
  • Bitcoin Price as a Hedge Against Inflation
  • Conclusion: A Large-Scale Hedge that Has Wide Implications 

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Presidential candidate of the past, co-founder of decentralized finance advocate, and now a new convert for Bitcoin price, Robert F. Kennedy Jr., has reportedly taken to social media to express his support for the cryptocurrency.

WhatsApp Image 2024 11 04 at 08.16.30

Kennedy, being straightforward, said this on the 16th of November: “I took most my money and bought Bitcoin, so now I am invested.” This particular act is also a confident decision toward asserting a positive impact of Bitcoin price in combating inflation of currencies and insecurity.

Since the use of cryptocurrency is steadily increasing around the world, this statement puts Kennedy at the forefront of politicians supporting cryptocurrencies. Here is the chronicle of his Bitcoin journey to supporting the transparency of the financial system and its ramifications.

RFK Jr.’s Bitcoin Price Advocacy and A Longstanding Commitment 

Kennedy supported the price of Bitcoin for a few years, and his major arguments revolved around inflation and direct government influence. He made this assertion when addressing the audience at Bitcoin 2024 in Nashville, Tennessee by calling it “the currency of freedom”.

In a resurfaced video from a prior Bitcoin conference, Kennedy shared his personal investment strategy:

“This is not the first, I was here a year ago at another Bitcoin conference. This is the statement that makes me go home and invest most of my wealth on Bitcoin.” Such a level of commitment has demonstrated that he has faith in Bitcoin as a positive financial instrument.

Bitcoin price
Bitcoin price

On the 18th of July 2023, Kennedy shared a family decision to invest in Bitcoin price and bought each of his kids two Bitcoins. During one of the recent Twitter Spaces, he said he invested in BTC by stating, “I bought two Bitcoin for every one of my seven children.” He took this action due to his conviction that Bitcoin is a generational currency that protects wealth from volatility in the old system.

Vision for Bitcoin Integration in the U.S. Economy

These are not only personal portfolio investments for Kennedy, but faith in the future of Bitcoin price is just as strong. In his recent campaign, he called for the incorporation of Bitcoin into America’s monetary system. Some of the ideas that he put forward were creating a Bitcoin strategic reserve and increasing transparency in the fiscal budget by shredding the US fiscal budget on the blockchain.

Speaking with crypto news editor Sam Bourgi, Kennedy underlined the role of Bitcoin in protecting the US dollar dominance as the world’s dominating currency. He argued, “We need to move as a country that’s able to get some control over Bitcoin price as part of a reserve.” This view is in harmony with the rest of his agenda on the reform and reconstruction of the financial systems to have accountability.

Bitcoin price
Bitcoin price

Kennedy also vowed to ensure that as a president, he instructed the Federal Reserve to take ownership of all Bitcoin owned by the government. This initiative was designed to defuse reliance on conventional money supply targeting and establish an inflation hedge.

Bitcoin Price as a Hedge Against Inflation

Kennedy’s decision to go fully for Bitcoin price shows his attitude towards it as insurance against currency depreciation. The nature of limiting the number of issued Bitcoins and its difference from most known fiat currencies makes it immune to inflation.

Kennedy has been very keen on this aspect, pointing out how this is the case with Bitcoin compared to all the other monetary instruments. He has also compared it to other types of so-called safe-haven commodities, such as gold and silver.

However, this goes hand in hand with many critics concerning his way of working. Hiking its adoption as a reserve currency, the Internal has meanwhile drawn scepticism from the financial gurus over its stability. Some people, however, agree with Kennedy’s words and refer to Bitcoin’s popularity as the confirmation of its success in the world.

Conclusion: A Large-Scale Hedge that Has Wide Implications 

With such a decision, Robert F. Kennedy Jr. decided to stake his 50% of wealth on the certain Bitcoin future. His standing for mechanisms that allow Bitcoin to be incorporated into the US economy and his overall financial policy futuristic approach supports another cogent vision, which is the establishment of several systems of finance.

Even though many people may disagree with Kennedy’s vision, his strong support could push other policymakers and people to try to understand what Bitcoin can bring to the table. Whether this bold move proves transformative or contentious, one thing is clear: RFK Jr. wholly embraces Bitcoin because of its potential to enhance the strength needed in the economy and bring about freedom. Keep following Turkishnyradio and keep an eye on Bitcoin price and politicians’ confidence in cryptocurrency.

Tags: bitcoin investmentBitcoin priceRFK. Kennedy
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