Bitcoin Enthusiast Presidential Aspirant RFK Wins Ahead of Biden

• Robert F. Kennedy gets the most vote in a Democrat-backed favorability poll ahead of the current president Joe Biden.

• The crypto fraternity strongly back’s RFK for its support and promises to the ecosystem.

Robert F. Kennedy Jr (RFK) is known as a Bitcoin (BTC) advocate and one of the few key players expected to lead the crypto ecosystem to a better destination from the government. Interestingly, his aspiration to become the 47th President of the United States is gaining traction. According to reports, RFK has gained a 49 percent approval rating in a recent Democrat-backed favorability poll. 

BREAKING: Pro-#Bitcoin candidate RFK Jr beats Biden in favorability poll among Democrats. pic.twitter.com/URpzxaPhzX

— Dennis Porter (@Dennis_Porter_) July 13, 2023

In comparison, the current sitting president Joe Biden had 44 percent of the votes. While this is not the main election required to declare the winner of the presidential seat, it provides an overview of the chance of any aspirant with other candidates.

Another observation is that the results of the poll reveal who the Democrat may choose to represent the party in the upcoming election. On records, RFK Jr is the fourth member of his family to run for office in the US. His uncle, John F. Kennedy became the 35th president of the US from 1961 to 1963 when he was assassinated. His decision to run the office has been well accepted by many due to his ideologies and environmental activism.

Interestingly, the crypto community rallies behind him for his continued support for the ecosystem. He is said to be one of the first presidential candidates to declare that Bitcoin is a symbol of democracy. His interest in the digital asset is linked to the decentralized nature and the empowerment of all holders of the asset class.

RFK Makes Promises to the Bitcoin Fraternity

In one of his statements, RFK promised at an event that he would provide a free and fair crypto environment in the US. He also condemned the plans of the current administration to impose a 30 percent tax on the electricity used to mine cryptocurrencies. 

Everybody is so passionate about Bitcoin, not just because it’s a currency but because it’s an exercise of democracy. When I am President I am going to make sure you (everyone) has got their own wallet and the government can’t interfere with it.

According to him, this would be a thing of the past when he is elected into office. He further stated that online privacy and intrusive measures would not be breached. 

Tom Mapes, director of energy policy at the Chamber of Digital Commerce believes that the current move by the US administration is to hamstring the industry. However, the President’s Council of Economic Advisers (CEA) believes that the imposition of this tax is to help the fight against climate change.

Cryptominers’ high-energy consumption has negative spillovers on the environment, quality of life, and electricity grids where these firms are located across the country…Currently, crypto mining firms do not have to pay for the full cost they impose on others, in the form of local environmental pollution, higher energy prices, and the impacts of increased greenhouse gas emissions on the climate. The DAME tax encourages firms to start taking better account of the harms they impose on society.

RFK would have to beat Joe Biden in the primaries and the Republican Candidate to become the president of the US. 

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