In a surprising turn of events, Robert F. Kennedy Jr. has announced his withdrawal from the 2024 presidential race and has endorsed former President Donald Trump. This announcement has sent shockwaves through the political world and has had a significant impact on the financial markets, particularly on the price of Bitcoin.
During a press conference held in Arizona on August 23, Kennedy Jr. made the announcement that he would no longer be running for president in 2024. Instead, he threw his support behind Donald Trump, citing his admiration for the former president’s policies and leadership style.
The impact of this announcement was immediately felt in the financial markets, with Bitcoin experiencing a surge of 2.5% in just one hour. This increase in price allowed Bitcoin to retake the $63,500 price level, which it had previously lost.
But Bitcoin wasn’t the only asset to benefit from Kennedy Jr.’s endorsement of Trump. US equities prices also saw a significant increase, with many investors feeling more confident in the market with Trump’s support.
This turn of events has left many people wondering about the future of the political landscape in the United States. With Kennedy Jr. withdrawing from the race and endorsing Trump, it seems that the former president may have a stronger chance of winning the 2024 election.
However, it’s important to note that this is just one endorsement and there are still many factors that will come into play in the upcoming election. It’s also worth considering the potential impact that Kennedy Jr.’s withdrawal from the race may have on other candidates and their campaigns.
Regardless of the outcome of the 2024 election, it’s clear that the financial markets will continue to be impacted by political events and announcements. As investors, it’s important to stay informed and keep a close eye on any developments that may affect our portfolios.
In conclusion, Robert F. Kennedy Jr.’s withdrawal from the 2024 presidential race and endorsement of Donald Trump has had a significant impact on the financial markets, particularly on the price of Bitcoin and US equities. While it remains to be seen how this will affect the outcome of the election, it’s clear that political events will continue to play a major role in the financial world.
