- RFK Jr.’s support for Trump now solidifies the pro-crypto vote in the 2024 race.
- With the endorsement from RFK Jr., Trump’s pro-crypto momentum builds, which will change voter dynamics.
- In Exiting the Race, RFK Jr. Reshapes Crypto Voter Dynamics, Possibly Gives Edge to Trump.
One of the most recognizable faces in cryptocurrency has revealed that he is supporting Donald J. Trump for president in 2024, shortly after Kennedy suspended his own third-party presidential campaign.
Coming off a strong showing at the Bitcoin 2024 conference in July, Kennedy’s move could spell substantial implications for voter dynamics into the election, particularly those focused on the single issue of cryptocurrency.
Kennedy certainly caused waves at the Bitcoin 2024 conference, showing off his deep understanding of cryptocurrency issues. His speech, full of praise for Bitcoin’s virtues and naming influential figures in the crypto space, such as Michael Saylor and Caitlin Long, really hit the right note.
According to Cody Carbone, the chief policy officer at the Digital Chamber, Kennedy was different because of his deeper engagement with the crypto community than other candidates, including Trump, who had previously been critical of Bitcoin before his latest volte-face.
The suspension of Kennedy’s campaign, coupled with his endorsement of Trump, definitely changes the complexion of this race. Earlier, Kennedy was considered a possible threat to Trump for the crypto vote. With Kennedy out of this race, that base is consolidated for him in an election that just a few percentage points could win.
Trump has chased the cryptocurrency voter by adding pro-crypto policy into his campaign. In May, a Republican Party platform advocated for Bitcoin miners’ rights and the self-custody of digital assets. Trump promised to create a “strategic stockpile” of Bitcoin for the U.S. Treasury, further hewing him to the crypto crowd.
Notwithstanding that, some crypto community members remained skeptical of Trump’s overtures. His appearance at the Bitcoin 2024 conference was marred by protests from a faction of pro-crypto activists suspicious of his sincerity.
Kennedy’s endorsement could assuage some of these misgivings and win more crypto voters to the Trump fold.
Kennedy’s support, according to crypto industry insiders, might tip the balance with undecided voters and give Trump an important edge in an election expected by many to be decided by a hair.
And it’s only going to increase as we get closer to the election. With one crypto-focused super PAC raising significant amounts, that bloc could end up being incredibly influential in determining the result of this election.
As the contest between Trump and Harris further tightens, consolidation of the crypto vote for Trump could be what determines the eventual winner.
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