ChatGPT looks at the impact on Bitcoin price if Robert Kennedy becomes US President

TL;DR

The upcoming US presidential election will feature Donald Trump, Kamala Harris, Robert Kennedy and others. If Kennedy wins, he could boost the price of bitcoin (BTC) due to his pro-crypto policies, although this scenario is highly speculative given his current low poll numbers. The amazing scene

The US presidential election is less than four months away, and tension has been rising lately. Voters will have to choose between Republican candidate Donald Trump, Democratic candidate Kamala Harris, independent Robert Kennedy and others.

The latest polls suggest either Trump or Harris will likely emerge victorious, garnering more than 40% of voter support each. Kennedy is third with less than 10%.

The potential election of Trump may positively affect the cryptocurrency market, given his recent pro-crypto stance, while the possible victory of his main opponent could have the opposite effect (assuming he follows in the footsteps of ‘current presidency).

But what would happen to the digital asset industry, in particular bitcoin (BTC), if Kennedy surprisingly won the majority of votes and became the 47th president of the United States? That’s what we decided to ask ChatGPT.

The AI-powered chatbot surmised that the price of BTC could head north if Kennedy entered the White House as the winner based on his proposed pro-bitcoin policies. Last year, he pledged to back the US dollar with certain precious metals and the main cryptocurrency if he became president.

“Electing 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,” he said ChatGPT.

Kennedy, who is the nephew of former US President John F. Kennedy, also promised to enforce rules that allow BTC to thrive and allow people to control their wallets, passwords and nodes. During Bitcoin 2024 in Nashville, he also said he would sign an executive order as president to order the government to start buying BTC.

It’s worth mentioning that ChatGPT described the prediction as “highly speculative.” He also reminded that Kennedy’s chances of picking up more votes in November this year are quite slim.

Kennedy is also a HODLer

In addition to being a staunch supporter of the leading cryptocurrency, the independent presidential candidate is also a BTC investor.

Shortly after the May 2023 Bitcoin conference in Miami, he admitted to buying two BTC for each of his seven children.

“Right after that Bitcoin conference, I got a big check and I said, OK, you know, I’ll put my money where my mouth is, and so I bought two BTC for each of my seven children.” Kennedy testified at the time.

The price of the cryptocurrency was around $27,000 at the time, meaning he had to have spent roughly $380,000 to build up the storage.

Currently, the USD equivalent of 14 BTC is almost $900,000, which represents a 130% increase compared to the initial investment.

Meanwhile, at Bitcoin 2024 in Nashville, he said that more than 30% of his wealth is in Bitcoin.

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