ChatGPT Examines Bitcoin’s Potential Price Surge if Robert Kennedy Wins the US Presidency
The upcoming US presidential elections feature Donald Trump, Kamala Harris, Robert Kennedy, and others. If Kennedy wins, it could boost Bitcoin’s (BTC) price due to his pro-crypto policies, although this scenario is highly speculative given his current low polling numbers.
The Surprising Scenario
With less than four months until the US presidential elections, tensions are rising. Voters will choose between Republican candidate Donald Trump, Democratic nominee Kamala Harris, independent Robert Kennedy, and others.
Recent polls indicate that Trump or Harris are the frontrunners, each securing over 40% of voter support. Kennedy trails in third with less than 10%.
Trump’s potential victory could positively influence the cryptocurrency market due to his recent pro-crypto stance, while Harris’s win might have the opposite effect, assuming she continues the current administration’s policies.
But what impact would Kennedy’s unexpected win have on the digital asset industry, particularly Bitcoin (BTC)? ChatGPT analyzed this scenario.
The AI-powered chatbot suggested that BTC’s price could rise if Kennedy wins the presidency, citing his pro-bitcoin policies. Last year, Kennedy pledged to back the American dollar with precious metals and Bitcoin if elected.
The election of a pro-bitcoin President would likely improve market sentiment and confidence in cryptocurrencies. Positive market sentiment often leads to increased buying pressure, which can drive prices to new highs,” ChatGPT stated.
Kennedy, the nephew of former US President John F. Kennedy, also promised to implement policies that support BTC’s growth and allow individuals to control their wallets, passwords, and nodes. At Bitcoin 2024 in Nashville, he vowed to sign an executive order mandating the government to start buying BTC.
ChatGPT emphasized that this prediction is “highly speculative” and noted Kennedy’s slim chances of winning the upcoming election.
Kennedy is Also a HODLer
In addition to his strong support for Bitcoin, Kennedy is also a BTC investor.
Following the Bitcoin conference in Miami in May 2023, he revealed that he purchased two BTC for each of his seven children.
“Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is, and so I bought two BTC for every one of my seven children,” Kennedy stated at the time.
When he made the purchase, the price of Bitcoin was around $27,000, meaning he spent approximately $380,000 to acquire the BTC.
Currently, the value of the 14 BTC is nearly $900,000, reflecting a 130% increase from the initial investment.
At Bitcoin 2024 in Nashville, Kennedy disclosed that more than 30% of his wealth is in Bitcoin.
