Title: RFK Jr. Invests $24,000 in GameStop, Shows Support for Retail Investors

In a surprising move, Robert F. Kennedy Jr., the third-party challenger in the 2024 presidential election, revealed that he has invested $24,000 in the meme stock GameStop. Kennedy Jr. expressed solidarity with retail investors in an effort to prioritize their interests over large institutional funds.

Taking to social media, Kennedy Jr. declared, "My administration will support the Ape retail rebellion and enact aggressive Wall Street reforms. To match action with words, I just invested $24,000 in GameStop." The term "apes" refers to the retail investors who aim to challenge the negative perception labeled on them by Wall Street – the "dumb money."

These apes played a pivotal role in driving explosive rallies for GameStop and the movie theater chain AMC during the meme stock phenomenon of 2021. Motivated by skepticism towards Wall Street analysts' bearish assessments, these investors sought to counter the negative outlook on the companies' long-term prospects.

Last week, the meme stock craze experienced a brief revival after "Roaring Kitty," the individual credited with leading the GameStop frenzy in 2021, resurfaced online. Kennedy Jr.'s gesture indicates his intent to appeal to neutral voters with his fringe political brand, which aligns with the sentiments of anti-establishment meme stock enthusiasts.

Kennedy Jr.'s investment statements have raised some questions about his investment record. In July 2023, he denied investing in bitcoin despite financial records indicating his ownership of at least $100,000 worth of the cryptocurrency. CNBC reached out to his campaign for confirmation on the GameStop investment but received no immediate response.

Coincidentally, hours after Kennedy Jr.'s announcement, the campaign for former President Donald Trump declared that they would now accept cryptocurrency donations. This move appears to be an attempt to court votes from investors who oppose the traditional financial system.

The Trump campaign stated, "Today's announcement reflects President Trump's commitment to an agenda that values freedom over socialistic government control."

As the 2024 presidential race unfolds, Kennedy Jr.'s investment choice and Trump's acceptance of cryptocurrency donations indicate a growing acknowledgment of the influence that retail investors hold in the markets and the efforts made by political candidates to appeal to these non-traditional investors.