Robert Kennedy Jr.'s call for the US to hold Bitcoin like gold has got investors excited.
Bitcoin's price has shot up past $68,000. That also had its impact on the global crypto market which is now worth $2.39 trillion, up a whopping 3.39% in 24 hours - a rarely seen event in our sadly stable crypto times.
But there is something else to be excited about.
Kennedy's pro-Bitcoin stance is stronger than Trump's. He wants the government to match its gold reserves with Bitcoin by the end of his term. Right now, Uncle Sam has 210,000 Bitcoins. That's peanuts compared to $640 billion in gold.
Kennedy sees Bitcoin as a freedom tool. He thinks it can fight inflation too.
VanEck's Matthew Sigel is even more bullish. He reckons Bitcoin could hit $325,000 in five years. Why? People don't trust banks and governments are spending like crazy.
Kennedy's plan could send Bitcoin's price to the moon. More demand, more confidence.
The US stock market is on a roll too. It's all thanks to cooler inflation numbers.
The PCE price index went up 0.1% in June. It's 2.5% higher than last year. That's down from May's 2.6%.
Bitcoin jumped 4.7% to $67,689 on this news. Wall Street was happy too.
The Dow Jones gained 610 points. 3M's stock shot up 16%. The S&P 500 and Nasdaq were up as well.
Lower inflation makes investors feel good. Good vibes all around.
