Robert F. Kennedy Jr. reaffirms his support for cryptocurrency as he describes Bitcoin as the ultimate defense against inflation. In a previous interview, he made a promise to put an end to the government’s war on Bitcoin if he becomes president. As a 2024 US Presidential Candidate, Kennedy solidifies his stance on Bitcoin by stating that it is the best safeguard against inflation. Addressing his 2.8 million followers, Kennedy emphasizes that cryptocurrency is a powerful tool that wrestles control away from the government and the banking system.
Kennedy, who has been critical of the unjust wealth redistribution that negatively impacts average Americans, believes that cryptocurrency provides an off-ramp from their dependence on the Federal Reserve. He declares that it is the most effective defense against inflation, as it removes power from the government and the monopolistic banking system, which manipulates wealth distribution through money printing, benefiting billionaires while impoverishing regular citizens. Kennedy calls upon those who believe in the freedom that cryptocurrency represents to support his vision as President.
Kennedy’s support for the rapidly growing crypto industry has always been evident. Interestingly, his interview with Bitcoin Magazine last year garnered support from numerous cryptocurrency enthusiasts. In the interview, he vowed to end the White House’s antagonism towards Bitcoin.
Furthermore, Kennedy expresses his opposition to Central Bank Digital Currencies (CBDCs), viewing them as instruments of oppression, as previously reported by CNF.
Kennedy outlines his plan to create a Bitcoin-friendly environment, stating that he aims to treat Bitcoin as a currency rather than a commodity. To achieve this, he intends to utilize his influence over Treasury policy without involving Congress. According to Kennedy, many unfavorable policies against Bitcoin have been implemented through White House decisions rather than legislation. Another notable campaign promise, as reported by Crypto News Flash, is to eliminate taxes on cryptocurrencies and support the US Dollar with digital assets.
Anthony Scaramucci, a pro-crypto investor and former communications director for ex-president Donald Trump, believes that Kennedy’s endorsement of cryptocurrency could win over millions of enthusiasts.
Although Kennedy clarifies that he personally does not own any Bitcoin, he announces that his campaign accepts donations via the Lightning Network.
At the time of writing, Bitcoin’s value has increased by 3.6% in the past 24 hours, trading at $67,029, as it strives to regain the $70k milestone.
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