- 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 decide for the U.S. Well being Secretary.
Within the newest put up on X (previously Twitter), Kennedy acknowledged,
“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 resolution 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 function not simply as a monetary software but additionally 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 put up on X, Mentzen declared his intention to remodel Poland into a worldwide crypto hub, remarking:
“If I become the President of Poland, our country will become a cryptocurrency haven.”
He elaborated on plans to attain 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.
Curiously, his proposal to create a strategic Bitcoin reserve mirrors comparable insurance policies mentioned within the U.S., showcasing crypto’s rising attraction 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 keeping with knowledge from CompaniesMarketCap, Bitcoin with a market cap of $1.79 trillion dethroned oil big 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 mother or father firm of Google?
Supply: CompaniesMarketCap
AMBCrypto used the Crypto Market Cap Calculator, to search out out that Bitcoin would wish a mean worth of $110,000 to attain 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 rising political affect signify that Bitcoin is now not only a cryptocurrency—it’s evolving into a significant drive on the worldwide stage.
