Bitcoin Price Prediction as RFK Jr. Supports Self-Custody Rights – Is Regulatory Pressure Easing?
Bitcoin, the flagship cryptocurrency, has been demonstrating robust performance, maintaining a strong position above the $37,000 threshold. This bullish trend contributes significantly to the global cryptocurrency market cap, which has recently seen a 0.52% increase, soaring to $1.42 trillion.
Notably, Bitcoin has experienced a substantial 126% surge since the year’s start, reflecting its dominant status in the crypto sphere.
#BTC is now back to 37K. pic.twitter.com/DBQLk8RTdK
— Jinnixiu (@cheryle7169) November 20, 2023
Recent market dynamics are largely influenced by the developments surrounding Binance’s potential settlement with the SEC. This news has injected optimism into the market, driving Bitcoin’s price upward and bolstering the overall cryptocurrency market capitalization beyond the $1.42 trillion mark.
The market’s response to these regulatory discussions underlines the evolving landscape of cryptocurrency regulations and their impact on market sentiments.
Robert F. Kennedy Jr., a potential candidate for the 2024 US presidential election, perceives Bitcoin as a substantial challenge to the conventional banking system. He advocates for the protection of self-custody rights for Bitcoin, citing concerns over regulatory and media attacks against cryptocurrency.
Kennedy views Bitcoin as a disruptor to the established financial system model, benefiting certain groups.
#RFKJr vowed to protect the right to hold #bitcoin in self custody and decried regulatory attacks on the cryptocurrency in an interview with @TheStreetCrypto’s @natbrunell.
Leading Independent RFK Jr. Discusses ‘Propaganda Attack’ On Bitcoin https://t.co/8JWint62vW
— Ethan for Peace and Freedom
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