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November 21, 2024

RFK Jr. Says Most of His Wealth is Now in Bitcoin, What’s Next for BTC? Arslan Butt | usagoldmines.com

Robert F. Kennedy Jr. has made waves in the cryptocurrency world by revealing that a significant portion of his wealth—approximately 70%—is now in Bitcoin. Known for his staunch advocacy of decentralized assets, Kennedy sees BTC as a safeguard against currency inflation and a path to financial sovereignty.

In a November 16 online statement, he called Bitcoin the “currency of freedom,” highlighting its role as a hedge against government-controlled monetary policies.

In a previously resurfaced video, Kennedy emphasized his commitment to BTC , stating, “I went home and put most of my wealth into Bitcoin, so I’m fully committed.”

His perspective aligns with his longstanding belief that hard assets like BTC, gold, and silver could stabilize the US dollar and protect it from devaluation.

The Broader Implications for Bitcoin

Kennedy’s Bitcoin enthusiasm isn’t limited to personal investments. In 2024, he advocated for placing the entire US fiscal budget on the blockchain to enhance transparency.

During the BTC 2024 event in Nashville, he proposed creating a BTC strategic reserve, pledging to transfer government BTC holdings to the Federal Reserve if elected.

His vision underscores Bitcoin’s potential to bolster the US dollar’s reserve currency status. Kennedy’s bold stance could signal a growing trend among public figures to adopt Bitcoin as both a personal asset and a national economic tool.

BTC/USD Price Outlook: Key Levels to Watch

Bitcoin is currently trading within a symmetrical triangle pattern, consolidating around the psychological support of $90,000. The 50-day EMA provides a key support level at $90,160.

Bitcoin Price Chart – Source: Tradingview

A breakout above $92,000 could propel BTC toward $93,450, with $95,118 marking the next resistance. Conversely, failure to sustain $90,000 may expose Bitcoin to support at $88,431 or $87,128.

Key Price Levels:

  • Support: $90,160 (50 EMA), $88,431, $87,128.
  • Resistance: $92,000, $93,450, $95,118.

Technical Indicators:

  • RSI: Neutral at 52.88, signaling consolidation.
  • 50-Day EMA: Strong support at $90,160.

A decisive move beyond the triangle’s bounds will set BTC’s trajectory, with a bullish push potentially catalyzed by increased adoption from advocates like RFK Jr.

Why Pepe Unchained ($PEPU) Could Be Your Next Crypto Portfolio Boost

As meme coins gain momentum, Pepe Unchained ($PEPU) has emerged as a standout contender, capturing attention with its lucrative features and strong presale performance.

Key Highlights

  • Presale Closing Soon: With $35.75 million raised out of its $35.8 million target, the $PEPU presale is in its final stretch. At just $0.01283 per $PEPU, prices are expected to surge post-listing on tier-1 exchanges.
  • High APY Staking: Offering a 499% APY, $PEPU allows investors to earn substantial passive income. Over 321 million tokens have already been staked, demonstrating high investor confidence.
  • Smart Contract Security: Audited by Coinsult and SolidProof, $PEPU provides investors with added assurance of a secure platform.

Act Fast on the Presale

Time is running out—just 25 days remain until the presale closes. Early investors have a limited opportunity to secure $PEPU at presale prices before it hits tier-1 exchanges.

Buy PEPU Here

The post RFK Jr. Says Most of His Wealth is Now in Bitcoin, What’s Next for BTC? appeared first on Cryptonews.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

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