Robert F. Kennedy Jr. (RFK Jr.), a prominent advocate for Bitcoin, has declared the leading cryptocurrency as the “currency of freedom,” while throwing his support behind Howard Lutnick as President-elect Donald Trump’s pick for US Treasury Secretary. RFK Jr., who has been nominated for the position of Secretary of Health and Human Services (HHS) under Trump, emphasized Bitcoin’s role as a hedge against inflation and a safeguard against the diminishing value of the US dollar.
Kennedy, a longtime supporter of cryptocurrency, believes Bitcoin offers financial independence, especially for middle-class Americans facing economic challenges. “Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt,” he stated.
Kennedy’s comments come amid speculation over Trump’s Treasury Secretary nomination, with Howard Lutnick, CEO of Cantor Fitzgerald and BGC Group, gaining significant support. Lutnick, a key supporter of Dogecoin and a vocal cryptocurrency advocate, now has a 34% chance of being nominated for the post, according to Polymarket data, just behind Scott Bessent at 38%.
Strategic Bitcoin Reserve Proposal
RFK Jr. also expressed his backing for a strategic Bitcoin reserve, similar to proposals by Poland’s presidential candidate Sławomir Mentzen, who advocates for a national Bitcoin reserve to address economic challenges. RFK Jr., a Bitcoin investor since early in the cryptocurrency’s rise, has stated that such a reserve could help mitigate the US’s growing national debt.
Meme Coin Rally in Play
The crypto community is also closely monitoring the potential implications for Dogecoin (DOGE) and Bitcoin (BTC). Should Lutnick be confirmed as Treasury Secretary, both DOGE and BTC could see significant price surges. DOGE, which recently experienced a 160% rally, is currently priced at $0.375, and analysts predict it could move toward $1.35 in a bullish market. Similarly, Bitcoin is trading over $91K, with expectations growing that it could break the $100K mark as the Treasury Secretary announcement looms.
RFK Jr.’s vocal support for Bitcoin, coupled with his backing of Lutnick, is adding fuel to the growing pro-crypto momentum in the US, positioning Bitcoin and other digital assets as key players in the country’s financial future.
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