Bitcoin Rises After News of Robert Kennedy Jr. Exiting Presidential Race

Aug 22, 2024
Bitcoin saw a 3% price increase following news that Robert F. Kennedy Jr. will drop out of the 2024 presidential race by the end of this week, according to ABC News. The independent candidate has scheduled a public address for Friday. Currently, Bitcoin is trading at $60,500.
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Sources indicate that Kennedy is leaning towards endorsing Republican presidential candidate Donald Trump, though this decision is not yet final.

Rumors about Kennedy Jr.’s withdrawal began circulating after Vice President Nicole Shanahan suggested the possibility during a podcast. Additionally, Kennedy Jr. posted a tweet stating he is willing to discuss his long-term goals, which he has pursued for 40 years, with leaders of any political party.

Current odds on Polymarket predict a 99% likelihood of Kennedy exiting the race. Meanwhile, Vice President Kamala Harris’s chances of winning have dropped to 46% from around 54% a week ago.

Robert F. Kennedy Jr. is a prominent environmental lawyer and activist, known for his decades-long advocacy for environmental protection. Born into the famous Kennedy family, he is the son of Robert F. Kennedy and nephew of President John F. Kennedy. 

Over the years, he has been involved in various public health initiatives and legal battles, often focusing on issues related to environmental conservation and public health. His recent foray into the 2024 presidential race as an independent candidate marked a significant chapter in his diverse and influential career.