Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    13% Rally Driven By Fresh Demand

    October 1, 2023

    Ethereum Leads Blockchain Fee Revenue, Bitcoin & Tron Follow

    July 21, 2024

    President Trump set to reveal Bitcoin reserve strategy at White House Crypto Summit: Report

    March 5, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto

      September 17, 2025

      Kart Rumble eyes $200k milestone as early momentum builds

      September 15, 2025

      Bitcoin Knots Tightens Grip, Snags Over a Quarter of Network Nodes

      September 14, 2025

      XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions

      September 13, 2025

      World Liberty Financial Nets Trump Family Crypto Billions

      September 12, 2025
    • Technology

      Chainlink Teams Up with Taiko to Power Institutional-Grade DeFi on Ethereum

      September 17, 2025

      London Stock Exchange Launches Blockchain Platform for Private Funds

      September 16, 2025

      Dogecoin’s next big move – Will the price slingshot to $1.58?

      September 15, 2025

      Bullish patterns in Trump Coin face whale-sized risks

      September 14, 2025

      WisdomTree Brings Private Credit Onchain With CRDT on Ethereum and Stellar

      September 13, 2025
    • Learn/Guide

      Nakamoto set to acquire BTC Inc following successful audit

      September 17, 2025

      Chainlink joins AethirCloud’s AI Unbundled Alliance to support Web3 AI infrastructure

      September 16, 2025

      Base launches Solana bridge

      September 15, 2025

      Prenetics now holds 228 BTC and buys 1 BTC daily

      September 14, 2025

      Rabby Wallet integrates XRPL EVM chain with Peersyst

      September 13, 2025
    • NFTs

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025
    • Regulation

      Bullish Secures New York BitLicense, Opens Door to U.S. Crypto Trading

      September 17, 2025

      UNDP Bets on Blockchain Education as Government Academy Prepares for 2025 Launch

      September 16, 2025

      Why India Won’t Legalise Full Crypto Laws Yet

      September 15, 2025

      Why the GENIUS Act, Not State Licenses, Could Decide Hyperliquid’s USDH Future

      September 14, 2025

      Coinbase Files Motion to Sanction SEC Over Missing Gensler Texts

      September 13, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Bitcoin’s unexpected ally: Presidential candidate Kennedy shows support amid backlash
    News

    Bitcoin’s unexpected ally: Presidential candidate Kennedy shows support amid backlash

    May 20, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin's unexpected ally: Presidential candidate Kennedy shows support amid backlash
    Share
    Facebook Twitter LinkedIn Pinterest Email



    • Presidential Candidate advocates for Bitcoin. Retail investors begin accumulation.
    • Whale concentration of BTC holdings increased.

    The U.S. government was the largest public holder of Bitcoin [BTC] at press time. The government’s plans to sell Bitcoin in phases throughout the year have led many to believe that BTC prices will be impacted negatively in the future.


    Is your portfolio green? Check out the Bitcoin Profit Calculator


    Some positive comments

    These factors have turned many in the crypto space cynical. However, the comments made by presidential candidate Robert F Kennedy could inspire some optimism amongst holders.

    At the recent Bitcoin conference, Robert stated his support for Bitcoin. Additionally, he emphasized the fundamental entitlement of every citizen to exercise self-custody and operate a node.

    Furthermore, he expressed his intention to advocate for the regulation of the king coin as a commodity.

    During his address, Kennedy expressed to the audience that his initial encounter with Bitcoin served as a profound source of inspiration, recognizing it as a crucial technology for fostering individual freedom.

    This realization was triggered by his awareness of Bitcoin’s application in circumventing financial limitations during the Canadian trucker protest that transpired last year.

    Despite the potential interpretation of his remarks as a political strategy to appeal to Bitcoin maximalists and crypto enthusiasts, they possess the capacity to positively influence public perception.

    Substantial backing from influential candidates may contribute to the adoption of BTC in the future.

    As of this writing, there was a notable surge in retail interest towards Bitcoin. According to data provided by glassnode, the number of addresses holding 0.01 or more coins has reached an unprecedented peak.

    ???? #Bitcoin $BTC Number of Addresses Holding 0.01+ Coins just reached an ATH of 12,063,941

    View metric:https://t.co/oyguxpaA2y pic.twitter.com/Z6vGKf6BpP

    — glassnode alerts (@glassnodealerts) May 19, 2023

    Whale concentration increases

    Despite the high retail interest, a huge amount of BTC was still under the control of whales.

    According to Santiment’s data, the majority of BTC is held by addresses holding 10-100,000 Bitcoin. These large addresses were also observed to be accumulating BTC at press time.


    Read Bitcoin’s Price Prediction 2023-2024


    Nevertheless, the significant concentration of BTC held by large-scale investors may render retail investors vulnerable to the influence of whale activity.

    Source: Santiment

    Coinglass’ data indicated that over the last month, traders were largely holding short positions against Bitcoin.  At press time, 50.36% of traders held short positions against the coin.

    Source: coinglass

     





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto

    September 17, 2025

    Kart Rumble eyes $200k milestone as early momentum builds

    September 15, 2025

    Bitcoin Knots Tightens Grip, Snags Over a Quarter of Network Nodes

    September 14, 2025

    XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions

    September 13, 2025
    Top Posts

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    DOT witnesses strong gains but this is why bulls may lose steam at $4.2

    October 3, 2023

    Solaxy franchit la barre des 10 millions de dollars

    January 15, 2025

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto

    September 17, 2025

    Kart Rumble eyes $200k milestone as early momentum builds

    September 15, 2025

    Bitcoin Knots Tightens Grip, Snags Over a Quarter of Network Nodes

    September 14, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.