- Robert F. Kennedy Jr. renews his pro-crypto stance as he labels Bitcoin as the best hedge against inflation.
- In a previous interview, he pledged to end the war against Bitcoin when he becomes the president.
2024 US Presidential Candidate Robert F. Kennedy Jr, firmly cements his position on Bitcoin (BTC) with a recent remark on X. Speaking to his 2.8 million followers, Kennedy stated emphatically that crypto is the best hedge against inflation. In the post that seemed to be seeking attention from the crypto community amid the upcoming presidential election, Kennedy lauded the asset class as a perfect tool that seizes control from the government as well as the banking systems.
Having criticized the unfair shifting of wealth that always affects the average American, Kennedy announced that crypto is the off-ramp for their addiction to the Federal Reserve.
It’s the best hedge against inflation. It takes control away from the government and from the monopolistic banking system, which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans. If you agree that crypto equals freedom, help me advance that vision as President.
His position on the fast-rising crypto industry has always been clear. Interestingly, his interview with Bitcoin Magazine last year got several crypto enthusiasts rooting for him. In the interview, he vowed to end the Whitehouse’s war seemingly declared on Bitcoin.
I’m going to make sure that Bitcoin is protected, that people can keep their wallets, that the current White House war on Bitcoin will be over, and that transactions will be protected and encouraged.
On top of that, Kennedy stated that he would reject Central Bank Digital Currencies (CBDCs) since they operate as tools of oppression as formerly published by CNF.
Kennedy’s Plan of Creating a Bitcoin-Friendly Environment
Elaborating on his plans, the Democratic Party flagbearer disclosed that he would go the extra mile to ultimately treat Bitcoin as a currency rather than a commodity. To be able to effectively implement these ideas, Kennedy hinted that he would do everything within his power through his control over Treasury policy without going to Congress. According to him, a lot of bad policies implemented against Bitcoin were not driven by legislation, but by the white house policies. One other notable campaign promise reported by Crypto News Flash is to remove the taxes on cryptos and back the US Dollar with the digital asset.
I’m very concerned about all the government attacks on Bitcoin. What I would like to do is to provide at least some issuance of Treasury bills that are backed by hard currency, and that could be a bucket that includes bitcoin, that includes platinum, gold, silver, and other hard assets.
According to Anthony Scaramucci, a pro-crypto investor who also served as the communications director for former US president Donald Trump, Kennedy’s promotion of crypto could certainly endear him to millions of enthusiasts.
In my mind, there’s this shadow fandom or currently invisible lobbying group — and it’s probably currently about 77 million people — of Bitcoin or other cryptocurrency holders in the United States. I think it’s going to be a topical issue in 2024, and I would imagine that one of these presidential nominees will embrace Bitcoin. And if they do, that’ll give them an edge.
Despite clarifying that he does not personally own any Bitcoin, Kennedy has declared that his campaign accepts donations sent over the Lightning Network.
As of press time, Bitcoin was up by 3.6% in the last 24 hours, trading at $67,029 as it struggles to bounce back into the $70k mark.
