- RFK has endorsed Bitcoin as a hedge in opposition to inflation.
- The Polish presidential candidate vowed to observe in Donald Trump’s footsteps.
Because the mud settles from the latest U.S. election, cryptocurrency has confirmed to be greater than a monetary instrument; it has grow to be a political assertion.
This election season noticed candidates from either 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 put up on X (previously Twitter), Kennedy said,
“Bitcoin is the currency of freedom, a hedge against inflation.”
He emphasised its significance for middle-class People as a safeguard in opposition to the greenback’s diminishing world standing and a possible answer to the nation’s mounting debt.
RFK’s longstanding Bitcoin advocacy
Value noting that this isn’t the primary time Kennedy has championed Bitcoin [BTC]. In a just lately 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 position 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 help for Bitcoin.
In a put up on X, Mentzen declared his intention to remodel 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 help from banks. Mentzen’s dedication to cryptocurrency is private in addition to political—he owns over $3 million in BTC.
Curiously, his proposal to create a strategic Bitcoin reserve mirrors related 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, just lately surpassing $90,000. This surge in worth has now made it the seventh-largest asset worldwide by market capitalization.
In response to 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 latest 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 want a mean worth of $110,000 to realize a market cap of $2.17 trillion, thus surpassing Alphabet.
Whether or not that can 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 significant drive on the worldwide stage.
