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RFK Jr. Reportedly Dropping Out of Presidential Race, Mulling Trump Endorsement; Bitcoin Jumps Past $61K
The independent candidate has scheduled a national address for Friday.
Robert Kennedy Jr. is planning to drop out of the 2024 presidential race by the end of this week, reported ABC News on Wednesday.
The story goes further, saying sources indicate Kennedy is leaning toward endorsing GOP presidential candidate Donald Trump, though those same sources said that decision hasn't yet been made final.
STORY CONTINUES BELOW
The Kennedy exit and Trump endorsement rumors began in earnest yesterday after his vice presidential pick Nicole Shanahan floated the idea in a podcast appearance. Shortly after, Kennedy tweeted, "I am willing to talk with leaders of any political party to further the goals I have served for 40 years in my career."
Read more: New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange
Current Polymarket odds show a 99% chance Kennedy drops out of the race and the chance of a Harris victory has dipped to 46% from about 54% one week ago.
The price of bitcoin appears to have reacted to the news, rising to $61,000, 3% higher over the past 24 hours.
Kennedy has scheduled a national address Friday from Phoenix at 2 pm ET.
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
