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Highlights
- Robert F. Kennedy Jr. has declared Bitcoin the "currency of freedom".
- He and Elon Musk support DOGE founding member Howard Lutnick as US Treasury Secretary.
- DOGE and BTC price will likely witness another rally if Lutnik
Robert F. Kennedy Jr., also known as RFK Jr., has thrown his weight behind Bitcoin, dubbing it the “currency of freedom”, sparking market optimism. His endorsement came as he voiced support for Howard Lutnick, a fellow Bitcoin advocate, for the US Treasury Secretary role. Notably, Kennedy Jr. himself has been tapped by Donald Trump to lead the Department of Health and Human Services (HHS).
“Bitcoin Is the Currency of Freedom”: Robert Kennedy Jr.
Robert F. Kennedy Jr. continues to advocate for BTC and express strong support for President-elect Donald Trump’s pro-crypto plans. He said “Bitcoin is the currency of freedom” and emphasized the hedge against inflation use case for middle-class Americans.
“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.”
The statement came in response to debates on who will Trump nominate for the Treasury Secretary position. Robert Kennedy Jr believes Bitcoin will have no stronger advocate than Howard Lutnick, chairman and CEO of Cantor Fitzgerald and BGC Group.
According to Polymarket data, Scott Bessent has a 38% chance of getting nominated as US Treasury Secretary. Meanwhile, the odds of Trump selecting Lutnick jumped to 34%.
Robert Kennedy Jr. also supported building a strategic Bitcoin reserve by the United States to reduce the ever-rising US debt crisis. RFK Jr. has put most of his wealth into BTC and has advocated for it even before Trump.
Meanwhile, Poland Presidential candidate Slawomir Mentzen has proposed creating a strategic Bitcoin reserve in the country if he is elected. He claimed to have been a BTC investor since 2013 and followed the idea of Donald Trump to build a strategic reserve.
DOGE and BTC Prices to Rally If Howard Lutnick Is Elected
Robert Kennedy Jr. supports Howard Lutnick as he is the DOGE founding member. Elon Musk and Vivek Ramaswamy were nominated to lead The Department Of Government Efficiency (D.O.G.E.). Billionaire tech mogul Elon Musk has supported Lutnick over Bessent for Trump’s Treasury Secretary.
Dogecoin price may witness another massive rally if Lutnick is nominated by Trump. DOGE saw a 160% rally in two weeks, with the price currently trading at $0.375. CoinGape analysis of Dogecoin price indicates a move toward $1.35 on bullish patterns.
Also, BTC price today trades over $91K as the crypto community awaits Donald Trump to declare Treasury Secretary of his administration. The anticipation of BTC price hitting $100K this month continues to build up.
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