Bitcoin Price Prediction: RFK Jr. Goes Independent, Israel War Spurs Crypto Aid, BitVM Unveiled
The cryptocurrency world is abuzz with significant developments today. Bitcoin is currently trading at $27,653, experiencing a 1% decrease on Tuesday. In a noteworthy political move, Robert F. Kennedy Jr., a staunch advocate for cryptocurrencies, has decided to run for president as an independent, parting ways with the Democrats.
The ongoing conflict in Israel has also prompted several crypto firms, including Fireblocks and MarketAcross, to initiate an aid fund, showcasing the industry's commitment to humanitarian causes.
Furthermore, a groundbreaking development has emerged as a BTC enthusiast has introduced the BitVM paper, unveiling Ethereum-style smart contracts within the Bitcoin ecosystem.
These events collectively underscore the dynamic and ever-evolving nature of the cryptocurrency landscape.
Robert F. Kennedy Jr., who had previously declared his candidacy for the Democratic primary race, has decided to withdrawn from the race and run as an independent candidate for the US presidency.
Kennedy is a well-known advocate of cryptocurrency and has expressed his desire to make the United States a global hub for digital currencies, including Bitcoin.
He has proposed backing the US dollar with hard assets such as gold, silver, platinum, and Bitcoin.
Kennedy has been a vocal critic of the Federal Reserve's FedNow instant payment system, which he has equated with central bank digital currencies (CBDCs).
He has also expressed concerns regarding potential restrictions on Bitcoin. Polls conducted by the super PAC, American Values 2024, which supports him, suggest that Kennedy could receive 19% support among voters if he ran as an independent candidate.
However, this level of support falls behind that of Biden and Trump.
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