As cryptocurrency policy increasingly divides political parties, US presidential candidate Robert F. Kennedy Jr., better known as RFK, is now touting his love for meme stocks.
In a Twitter post Wednesday, the independent candidate said: said He said he bought $24,000 in GameStop stock as a way to “punish predatory short selling.”
GameStop (New York Stock Exchange: GME) is the video game retailer that first made headlines in 2021 when amateur traders began buying up the stock and driving up the price. that comeback last week After traders started a buying frenzy in 2021, Known as Roaring KittyIt has been posted online for the first time in nearly three years.
“We need free and fair markets,” RFK tweeted. “Let’s punish predatory short selling of the moon. By the way, I’m not leaving for the ride with you.”
“My administration will support the Ape retail revolt and enact aggressive Wall Street reforms,” he added.
RFK referred to Wall Street firms that initially sold GameStop stock, betting the price would fall. The 2021 trading frenzy aimed to disrupt this strategy and promote investment by ordinary citizens.
Roaring Kitty (real name Keith Gill) urged people to invest. The frenzy eventually threw Wall Street into chaos as stock prices soared.
Nonetheless, it turns out that major Wall Street firms like BlackRock and Vanguard are holding GameStop stock, making billions of dollars as a result.
These investments are now known as meme stocks (stocks of companies that have become popular on internet forums). Meme stocks later led to a surge in the popularity of cryptocurrencies. meme coin.
Both meme coins and stocks value has soared with some investors last week following the return of Roaring Kitty. make big profits.
Cryptocurrencies are becoming an increasingly pivotal issue in politics as Trump tightens his policies. Courtship of cryptocurrency holders And US President Joe Biden is finding himself. Discord with some of his own political party About federal regulation of space.
RFK is not a newcomer to this space and has worked with the digital asset industry in the past. He previously said He wants to be backed by the U.S. dollar and Treasury bills. BitcoinAnd I made a promise. Put the US budget on the blockchain If elected.
Edited by Ryan Ozawa.
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