2024

Donald Trump

United

<p>Robert F. Kennedy Jr., known for his unwavering support of cryptocurrencies, announced his withdrawal from the 2024 presidential race, leaving his supporters in suspense. This withdrawal is all the more surprising as it could be accompanied by support for Donald Trump, a decision that could shake up the political dynamics around cryptos.</p> 
<h2 id="h-le-soutien-de-kennedy-a-trump-un-espoir-pour-les-pro-crypto">Kennedy’s support for Trump: A beacon of hope for crypto enthusiasts?</h2> 
<p>Kennedy has never hidden his passion for cryptocurrencies and his desire to see them thrive under favorable regulation. His withdrawal could be seen as a blow to the crypto community, but his support for Donald Trump could well turn the situation around.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Indeed, although Donald Trump has not historically been a staunch supporter of cryptocurrencies, he recently made a notable turnaround by participating in <a href="https://www.cointribune.com/en/donald-trump-will-attend-the-bitcoin-conference-in-nashville-despite-threats/" target="_blank" rel="noreferrer noopener">the Bitcoin conference in Nashville,</a> where he made favorable remarks about Bitcoin.&nbsp;</p> 
<p>Moreover, Robert Kennedy Jr.’s support could encourage him to adopt an even more favorable stance on digital assets, thereby strengthening their position in the American political debate.</p> 
<p>This potential alliance could rekindle hope among proponents of pro-crypto regulation, who see Trump as a leader capable of shifting the lines.&nbsp;</p> 
<p>Kennedy, by aligning himself with Trump, could influence political debates and weigh in on decisions regarding cryptocurrencies. For many, this decision is strategic: it’s better to support a candidate with victory prospects and try to influence him rather than remain isolated.</p> 
<h2 id="h-une-repercussion-immediate-sur-bitcoin">An immediate repercussion on Bitcoin</h2> 
<p>The news of <a href="https://abcnews.go.com/US/rfk-jr-plans-drop-presidential-race-end-week/story?id=113028999" target="_blank" rel="noreferrer noopener">Kennedy’s withdrawal</a> coincided with a rise in Bitcoin’s price, which exceeded $61,000.</p> 
<p>This 3% increase in 24 hours could be linked to the prospect of Trump being supported by Kennedy.&nbsp;</p> 
<p>Investors, seeing an opportunity in this new political alignment, may have bolstered their confidence in the future of cryptocurrencies in the United States.</p> 
<p>Kennedy’s support for Trump could signal a turning point for crypto regulation, prompting market players to anticipate more favorable policies under a re-elected Trump administration. This dynamic reveals that, despite political uncertainties, Bitcoin maintains the solid confidence of investors, thereby consolidating <a href="https://www.cointribune.com/en/bitcoin-is-exploding-and-once-again-dominating-the-crypto-market/" target="_blank" rel="noreferrer noopener">its dominance in the market.</a></p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2"> 
 </div> 
</div>

U.S. Elections: The Leading Pro-Crypto Candidate Exits the Race

Table of Contents

Cointribune EN

Other articles published on Aug 23, 2024

Compound Price Prediction for Today, August 23 – COMP Technical Analysis

Russia considers launching trading platforms for stablecoins on domestic stock exchanges: report

Bybit’s Report Highlights TON’s Successful Strategy to Onboard 1B Telegram Users into Web3

Top DAO Projects Based on Social Activity: TAO Leads

GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus

Magic Eden Announces Official Ecosystem Token, ME

Join our free newsletter for daily crypto updates!