U.S. presidential candidate Kennedy: Bought GME, supports ape retail investor rebellion

In a tweet, third-party challenger for the 2024 presidential election, Robert F. Kennedy Jr., expressed his support for retail investors by investing $24,000 in meme stock GameStop (GME).

Robert Kennedy Jr. Supports Bitcoin and Blockchain Technology

Robert Kennedy Jr., the nephew of former U.S. President Kennedy and a current supporter of Bitcoin, recently made remarks about putting the U.S. budget on the blockchain. As an independent presidential candidate, Kennedy proposed in April that putting the U.S. budget on the blockchain would allow every American to view each budget item 24/7.

U.S. Presidential Candidate Kennedy: Will Put U.S. Budget on Blockchain for 300 Million People to View

Last July, Kennedy proposed gradually implementing plans to support the U.S. dollar with Bitcoin and exempt Bitcoin from capital gains tax if elected. He emphasized that Bitcoin is not a security, does not require regulation, and would end the current Biden-era Choke Point 2.0 pressure on crypto companies.

Supporting Ape Retail Rebellion, Standing with Retail Investors

On X, Kennedy expressed agreement with what ordinary retail investors value—

the need for increased market transparency, strengthened regulation, and harsher penalties for market manipulation and criminal activities.

He pledged that his government would support the Ape retail rebellion and implement proactive Wall Street reforms.

According to a report from CNN, these retail investors calling themselves "apes" aimed to overturn the label of "dumb money" given to them by Wall Street. They helped trigger explosive price increases in struggling game retailer GameStop and movie theater chain AMC in 2021.

Kennedy stated his consistency by investing $24,000 in GameStop, funds he received from suing Monsanto for intentionally poisoning the soil and causing cancer.

Last week, investors briefly revived meme stock phenomenon after Roaring Kitty, who led the 2021 GameStop frenzy, reappeared online after years.

GameStop Short Seller Roaring Kitty Returns, GME Stock/Token Soars

Robert Kennedy Jr. Seeks to Attract Marginal Voters

CNN believes Kennedy is actively attracting undecided voters with a marginal political brand, which may appeal to some meme stock investors.

Kennedy has made ambiguous statements about his investment record. In July 2023, the candidate stated that he had not invested in Bitcoin, although financial records show he holds at least $100,000 worth of cryptocurrency.

Kennedy is also an X enthusiast, calling X the new public square where the audience is a hundred times that of CNN, ideal for debates. Kennedy invited Musk to be the host of his debate, which Musk promptly agreed to, although further details are yet to be disclosed.