The upcoming US presidential elections are causing tension as voters prepare to choose between candidates like Donald Trump, Kamala Harris, Robert Kennedy, and others. Recent polls show that Trump and Harris are leading, with Kennedy trailing behind.
If Kennedy were to win the election, there is speculation that his pro-crypto policies could boost the price of bitcoin (BTC). Last year, Kennedy pledged to support the American dollar with precious metals and bitcoin if he were to become President.
According to the AI-powered chatbot ChatGPT, a pro-bitcoin President could improve market sentiment and confidence in cryptocurrencies. This positive sentiment could lead to increased buying pressure and drive bitcoin prices to new highs.
However, it is important to note that the likelihood of Kennedy winning the election is slim, as indicated by ChatGPT. Despite this, Kennedy is not only a supporter of bitcoin but also an investor in the cryptocurrency. He purchased two BTC for each of his seven children after a Bitcoin conference in Miami in May 2023.
At the time of purchase, the price of bitcoin was around $27,000, resulting in an initial investment of approximately $380,000. The current value of the 14 BTC is close to $900,000, representing a 130% increase in value. Kennedy also revealed that over 30% of his wealth is in bitcoin.
In conclusion, while the possibility of Kennedy becoming the 47th President of the United States remains speculative, his pro-crypto stance and investment in bitcoin could have a positive impact on the cryptocurrency market if he were to win the election.