U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “greatest hedge towards inflation.” He careworn that crypto “takes management away from the federal government and from the monopolistic banking system which makes use of cash printing to shift wealth upward to the oligarchy of billionaires whereas impoverishing common Individuals.”
RFK Jr. Says ‘Crypto Equals Freedom’
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) reiterated his assist for cryptocurrency in a put up on social media platform X Thursday. RFK Jr. is a son of former U.S. Legal professional Common and Senator Robert F. Kennedy and nephew of former U.S. President John F. Kennedy.
“Cryptocurrency is the off-ramp for our habit to the Federal Reserve,” Kennedy wrote, emphasizing:
It’s one of the best hedge towards inflation. And it takes management away from the federal government and from the monopolistic banking system, which makes use of cash printing to shift wealth upward to the oligarchy of billionaires whereas impoverishing common Individuals.
“When you agree that crypto equals freedom, assist me advance that imaginative and prescient as President,” he added.
Kennedy has been a longstanding advocate for bitcoin and cryptocurrencies, holding BTC himself and shopping for some for his youngsters within the earlier 12 months. He lately careworn that bitcoin serves as an off-ramp from central banks’ “cash printing machine,” highlighting its standing as a “arduous forex.” He additionally emphasised the importance of transactional freedom, equating it with freedom of speech, which he believes is uniquely supplied by bitcoin.
In October of final 12 months, the presidential candidate promised that if elected President of the US, he would take steps to guard bitcoin. “I’m going to ensure that bitcoin is protected, that folks can preserve their very own wallets, that the present White Home warfare on bitcoin will likely be over, that transactions will likely be protected and inspired,” he acknowledged. Furthermore, in July final 12 months, he revealed a proposal to again the U.S. greenback with BTC.
RFK Jr. can also be against central financial institution digital currencies (CBDCs). He and former U.S. President Donald Trump each vowed to stop the Federal Reserve from issuing a digital greenback if elected. “We ought to be cautious since CBDCs are the final word mechanisms for social surveillance and management,” Kennedy has warned. “Whereas money transactions are nameless, a CBDC will permit the federal government to surveil all our non-public monetary affairs. The central financial institution could have the ability to implement greenback limits on our transactions limiting the place you’ll be able to ship cash, the place you’ll be able to spend it, and when cash expires.”
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