Robert F. Kennedy Jr, a nominee for US Health Secretary, has endorsed Bitcoin as an instrument against inflation and a political statement.
Bitcoin and Politics
Kennedy’s support for Bitcoin is not a recent development. He has been a long-term advocate for the cryptocurrency, revealing that he has invested most of his wealth into it. His endorsement of Bitcoin highlights its evolving role not just as a financial tool but also as a cornerstone of his policy advocacy.
Global Crypto Support
Kennedy is not the only political figure supporting cryptocurrency. Polish presidential candidate Slawomir Mentzen also voiced his support for Bitcoin, promising to transform Poland into a global crypto hub if elected. Mentzen’s dedication to cryptocurrency is both personal—he owns over $3 million in Bitcoin—and political, showcasing the growing appeal of crypto as a geopolitical asset.
Bitcoin's Rise on the Global Market
Bitcoin’s value has continued to rise, recently surpassing $90,000. This surge in value has now made it the seventh-largest asset worldwide by market capitalization. Bitcoin’s market cap of $1.79 trillion has overtaken oil giant Saudi Aramco, which boasted a market cap of $1.78 trillion. This achievement follows Bitcoin’s recent milestones of surpassing Meta and Silver. The question remains: How long till Bitcoin overtakes Alphabet, the parent company of Google? Whether this will happen or not is uncertain. However, Bitcoin’s increasing value and political influence signify its evolution into a major force on the global stage.
The increasing value and political influence of Bitcoin signal its evolution into a prominent force on the global stage.
