Bitcoin-Friendly US Presidential Hopeful Robert Kennedy Buys GameStop Shares
The GameStop (GME) retail revolution is taking a new turn as Robert F. Kennedy, the United States Presidential Candidate has joined the bandwagon.
Robert Kennedy Buys GameStop Shares
Besides the growing hype surrounding the likelihood of spot Ethereum ETF approval by the US SEC, GameStop remains one of the most popular market trends this month. Known as the retail investors’ way of rebelling against Wall Street short institutions, the GameStop meme stock revolution has proven to be a resounding one.
Taking to his official X account, Robert Kennedy said he understands the struggle of the average retail investor. He said should he become the President, he will work to eradicate market manipulation from Wall Street. He called the market manipulation a criminal behavior, noting that his administration will support ape retail rebellion.
Besides the promises of an aggressive Wall Street reform, Robert Kennedy said he has invested $24,000 into buying GameStop Shares. By the current price of the stock $22.22, Robert Kennedy would have received over 1,080 GME.
The intriguing twist to the buyup of GameStop is that he used the penalty accrued from a recent lawsuit he won against Monsanto to pay for the acquisition.
“To match action with words, I just invested $24,000 in GameStop from the fees I earned from suing Monsanto for their knowingly poisoning our soil and causing cancer,” he said in his post, adding that he loves “the idea of making Monsanto support $GME and the Apes. We need a free and fair market. Let’s punish predatory short selling to the moon. By the way, I ride with you and I’m not leaving.”
Will GME Rally Last?
Robert Kennedy is a known advocate against the establishment with a strong bullish view of Bitcoin. Besides, he also threatened to intervene in the ByteDance – TikTok – ban in the US. Despite his people stance these, many may consider his support for GameStop an out of touch move to gain popularity. Already, former President Donald Trump has gained the support of some American crypto personalities.
Vanguard CIO Greg Davis is one of the market experts that believes the GameStop rally will not last. As reported earlier by Coingape, Greg Davis called out the GameStop rally, noting that nothing has changed about the firm’s fundamentals. He cautioned investors against the stock, saying many who bet on it earlier ended up worse than they were before.
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