US Presidential candidate Robert F. Kennedy Jr. The Monsanto lawsuit announced that he bought crypto with the money he received from his check. The presidential candidate said he bought 2 Bitcoins for each of his 7 children.
Robert F Kennedy Jr. bought Bitcoin for his kids!
US Presidential candidate Robert F. Kennedy Jr. announced that he received the money from the Monsanto case check and that his 7 children received 2 Bitcoins each. He spoke at length on Twitter on Wednesday with some of the well-known figures in the crypto market. Kennedy Jr. explained how crypto market investments have the potential to lift the poor out of poverty. The presidential candidate said there is a need to encourage the use of Bitcoin by eliminating the capital gains tax and converting it into a currency.
Meanwhile, the President of El Salvador, Nayib Bukele, is one of the most popular supporters of Bitcoin. Now US Presidential Candidate Robert F. Kennedy Jr. He’s on his way too! Kennedy Jr. He said that Bitcoin allows small investors to have an inflation-resistant currency. This gives them freedom from fiat currency, which is at the mercy of the system. He stated that he invested 2 Bitcoins each for the sake of each of his seven children. He took the bacon in his mouth about Bitcoin investments:
Right after the Bitcoin conference, I decided to put my money where my words are. Thus, I received 2 Bitcoins for each of my 7 children.
Meanwhile, in May 2023, Robert Kennedy Jr. He became the first presidential candidate to accept Bitcoin campaign donations. Thus, it made history in terms of elections and crypto. He recently pledged to support the US dollar with Bitcoin and end Bitcoin taxes. Also, Kennedy Jr. He mentioned that US citizens should be given the right to keep their Bitcoins to themselves. The event held on Twitter was co-hosted by crypto influencers Scott Melker, Mark Moss, Natalie Brunell, Marty Bent and Robert Breedlove.
Fed raises rates by 25 bps, how has crypto reacted?
As market participants generally expected, the US Federal Reserve raised interest rates by 25 basis points. As you follow on Kriptokoin.com, the Fed increased interest rates to 5.25-5.5%, the highest level in the last 22 years. Fed Chairman Jerome Powell signaled at the press conference after the policy announcement that the Fed is keeping its option to increase interest rates further depending on the incoming US economic data.
Most analysts think this is probably the last rate hike by the Fed in this tightening cycle. Rajeev Sharma, managing director of fixed incomes at Key Private Bank, told the financial press, “In our opinion, the cycle of rate hikes is over. “The Fed will now pause for the rest of the year,” he said. Frances Donald, global chief economist at Manulife Investment Management, said: “We believe the Fed is now on a prolonged ‘hawk-waiting’… Their next move will likely be a cut, but it will be around 2024 before we see it. However, Powell will have no choice but to keep the escalation threat alive. “Otherwise it will not encourage markets to price cuts prematurely and reinvigorate inflation expectations,” he said.
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