TL;DR
- The upcoming US presidential elections function Donald Trump, Kamala Harris, Robert Kennedy and others.
- If Kennedy wins, it may enhance bitcoin’s (BTC) value because of his pro-crypto insurance policies, though this state of affairs is extremely speculative given his present low polling numbers.
The Stunning Situation
The US presidential elections are lower than 4 months away, with pressure going up recently. These going to the poll containers should select between the Republican candidate Donald Trump, the Democratic nominee Kamala Harris, the unbiased Robert Kennedy, and others.
Newest polls recommend that Trump or Harris will almost certainly emerge victorious, amassing over 40% of the voters’ help every. Kennedy is third with lower than 10%.
The potential election of Trump could positively impression the cryptocurrency market, contemplating his pro-crypto stance as of late, whereas his fundamental opponent’s potential victory may have the other impact (assuming she follows the steps of the present presidency).
However what would occur to the digital asset trade, notably bitcoin (BTC), if Kennedy surprisingly collected probably the most votes and have become America’s forty seventh President? That is what we determined to ask ChatGPT.
The AI-powered chatbot assumed that BTC’s value may head north if Kennedy entered the White Home as a winner primarily based on his proposed pro-bitcoin insurance policies. Final yr, he pledged to again the American greenback with sure valuable metals and the first cryptocurrency if turning into President.
“The election of a pro-bitcoin President would probably enhance market sentiment and confidence in cryptocurrencies. Optimistic market sentiment usually results in elevated shopping for strain, which may drive costs to new highs,” ChatGPT said.
Kennedy – who’s the nephew of former US President John F. Kennedy – additionally promised to implement guidelines that let BTC thrive and permit individuals to manage their wallets, passwords, and nodes. Throughout Bitcoin 2024 in Nashville, he additionally mentioned that he would signal an govt order as a President to mandate the federal government to start out shopping for BTC.
It’s value mentioning that ChatGPT described the prediction as “extremely speculative.” It additionally reminded that Kennedy’s probabilities of amassing probably the most votes in November this yr are fairly slim.
Kennedy is Additionally a HODLer
Moreover being a agency supporter of the main cryptocurrency, the unbiased presidential candidate can also be a BTC investor.
Shortly after the Bitcoin convention in Miami in Could 2023, he admitted buying two BTC for every of his seven kids.
“Proper after that Bitcoin convention, I obtained a giant test, and I mentioned, okay, , I’m going to place my cash the place my mouth is, and so I purchased two BTC for each certainly one of my seven kids,” Kennedy said again then.
The value of the cryptocurrency stood at round $27,000 at the moment, which means he will need to have spent roughly $380,000 to build up the stash.
At the moment, the USD equal of the 14 BTC is nearly $900,000, representing a 130% enhance in comparison with the preliminary funding.
In the meantime, at Bitcoin 2024 in Nashville, he mentioned that greater than 30% of his wealth is in Bitcoin.
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