**Crypto Politics: RFK and Trump Vie for Bitcoin Enthusiasts**
At the Bitcoin 2024 event, Robert F. Kennedy Jr. unveiled an ambitious plan to make Bitcoin a strategic reserve for the U.S. economy. The independent presidential candidate proposed transferring 204,000 Bitcoin held by the government to the Federal Reserve and purchasing 500 Bitcoin daily until the reserve reaches four million. RFK believes this move will position the U.S. as a global cryptocurrency leader and bring financial stability.
Donald Trump, once a critic of cryptocurrencies, has shifted his stance. At the same conference, he promised lighter regulations for the crypto industry and criticized Democrats for their regulatory efforts. Trump’s campaign has already garnered over $4 million in cryptocurrency donations, indicating strong support from the crypto community.
Both RFK and Trump are competing for the support of cryptocurrency enthusiasts. RFK questioned Trump’s commitment to Bitcoin, suggesting it might be politically motivated. However, Trump’s recent actions, including accepting campaign donations in cryptocurrencies, indicate a serious pivot.
Major cryptocurrency industry players are backing Trump. BitGo CEO Mike Belshe, along with JD Vance, is hosting a fundraiser for Trump. Other notable contributors include the Winklevoss twins, Kraken’s co-founder Jesse Powell, and Ripple’s Chief Legal Officer Stuart Alderoty.
As the election approaches, the support of the crypto community could be pivotal. Both candidates are actively engaging with cryptocurrency supporters, promising benefits and regulatory changes. The involvement of major cryptocurrency figures in Trump’s campaign highlights the high stakes. Whether RFK’s bold promises or Trump’s strategic shift will win over the crypto community remains to be seen.