The post Kennedy’s Pro-Bitcoin Policies Could Boost BTC If He Wins US Presidential Elections appeared on BitcoinEthereumNews.com.

With the US presidential elections swiftly approaching, the future of cryptocurrency could be significantly impacted by the outcome. Among the top contenders are Republican Donald Trump, Democrat Kamala Harris, and the independent candidate Robert Kennedy. A win for Kennedy, despite his current low polling numbers, might be particularly bullish for Bitcoin due to his pro-crypto stance. Explore the potential implications of the upcoming US presidential elections on the cryptocurrency market, with a specific focus on Bitcoin. Kennedy’s Pro-Crypto Policies and Their Potential Impact Robert Kennedy Jr., the independent candidate, has shown a strong inclination towards supporting cryptocurrencies, particularly Bitcoin. His stated policies include backing the American dollar with precious metals and Bitcoin if he becomes President, which could fundamentally shape the crypto market. Kennedy’s promises to allow the public to control their digital wallets, passwords, and nodes, alongside initiating a governmental Bitcoin purchasing program, stand out as radical yet favorable stances for the crypto community. Current Polling and Market Sentiment As of now, Kennedy trails significantly behind Trump and Harris, who each garner over 40% of voter support, whereas Kennedy holds less than 10%. Despite these statistics, his potential win is intriguing to market analysts. If Kennedy did secure a victory, it might significantly boost market confidence in Bitcoin, likely incentivizing substantial buying activity and possibly driving prices to new highs. This scenario, however, remains largely speculative, given his current standing. Trump’s Stance Versus Harris’s Approach Different candidates bring various implications for the crypto market. Donald Trump, who has adopted a more favorable view towards cryptocurrencies recently, could drive positive sentiment if elected. In contrast, Kamala Harris is seen as likely to continue the current administration’s more cautious stance on digital assets. Investors and market participants are watching closely to see how these positions might affect regulatory landscapes and market…

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Filed under: News - @ July 28, 2024 11:28 am