Charlie Kirk, the conservative firebrand and founder of the Turning Point USA organization, has passed away, being shot in the neck while speaking at Utah Valley University on September 10, 2025, sending shock waves through political circles. As a prominent and unwavering ally of former President Donald Trump, Kirk was a central figure in mobilizing young conservative voters and a frequent commentator on national media.
Kirk built a powerful platform advocating for his vision of American conservatism, often engaging in the nation’s most heated cultural and political debates, most notably on his stances against liberal LGBT agendas and supporting Israel against Hamas, which he called as a ‘terrorist organization’. His passing leaves a significant void in a key segment of the political movement ahead of a pivotal election cycle. Tributes from figures across the political spectrum have poured in, highlighting his influence and polarizing impact on the modern political landscape.
Kirk, the founder of Turning Point USA, was a vocal advocate for crypto, according to thestreet.com, often framing it as a tool for financial freedom. During the 2024 election cycle, Kirk amplified pro-crypto policies at student events, frequently acknowledging digital assets as a generational hedge against inflation. “Every student should at least understand how Bitcoin works,” he mentioned in a campus appearance. “If you don’t, you’re setting yourself up to be ruled by those who do.” His platform provided airtime for pro-crypto voices and policy discussions, aligning with Trump’s manifesto. Following the announcement, market analysts watched for signs of a knee-jerk reaction. Historically, the crypto market has shown sensitivity to the statements and fortunes of key political supporters, particularly those in the Trump orbit, which has embraced digital assets as a core part of their campaign messaging.
After a brief period of watchful hesitation, the crypto market demonstrated remarkable resilience. Major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have held their ground, with no significant correlated downturn. This stability suggests a maturing market that is less susceptible to being moved by single events, even those involving high-profile figures. However, on the other hand in the US stock market, firearm stocks spike after his death. Gun stocks were pulled higher in the wake of Charlie Kirk’s assasination. Shares of Smith & Wesson Brands (NASDAQ:SWBI), Sturm, Ruger & Company (NYSE:RGR), American Outdoor Brands (NASDAQ:AOUT), and Outdoor Holding Company (NASDAQ:POWW) spiked due to the news. Firearms-related stocks surged as investors anticipated that the shooting would fuel demand for stricter gun control laws, historically a catalyst for increased demand for buying firearms in the US.
For crypto investors, this event highlights the importance of watching policy developments rather than personal political dramas. The key market-moving events will continue to be:
- Regulatory Clarity: Ongoing efforts in Congress to establish clear digital asset frameworks.
- ETF Approvals: The potential for new crypto-related financial products.
- Macroeconomic Conditions: Federal Reserve policy and overall risk-on/risk-off sentiment.
The passing of Charlie Kirk is a significant moment in the political commentary sphere. However, for the crypto markets, it serves as a testament to their growing depth and their ability to look beyond headlines to more fundamental value propositions.
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