Renowned figure Robert F. Kennedy Jr. has once again expressed his support for cryptocurrency, particularly Bitcoin, by proclaiming it as the ultimate defense against inflation. The 2024 US Presidential Candidate, known for his pro-crypto stance, made this statement in a recent post on X, addressing his substantial following of 2.8 million individuals. Kennedy praised crypto as a powerful tool that wrests control away from the government and the monopolistic banking system, which he believes exploits money printing to concentrate wealth among billionaires while leaving regular Americans impoverished. He invited those who agree with the idea of crypto as a symbol of freedom to support his vision as President.
Kennedy’s unwavering position on the burgeoning crypto industry has been evident for some time. In fact, his interview with Bitcoin Magazine last year garnered support from numerous crypto enthusiasts who admired his commitment to ending the White House’s apparent war on Bitcoin. Kennedy promised to safeguard Bitcoin, protect users’ wallets, put an end to the ongoing battle against the cryptocurrency, and encourage and secure transactions.
Additionally, Kennedy expressed his aversion to Central Bank Digital Currencies (CBDCs), as he views them as instruments of oppression, as previously reported by CNF.
Expanding on his plans, the Democratic Party representative shared his intention to treat Bitcoin as a currency rather than a commodity, going to great lengths to create a Bitcoin-friendly environment. Kennedy hinted at utilizing his control over Treasury policy to implement these ideas without the need for congressional approval. He emphasized that many unfavorable policies imposed on Bitcoin were not the result of legislation, but rather decisions made within the White House. Another notable campaign promise, as reported by Crypto News Flash, is Kennedy’s commitment to eliminate taxes on cryptocurrencies and back the US Dollar with digital assets.
Anthony Scaramucci, a pro-crypto investor and former communications director for ex-president Donald Trump, believes Kennedy’s endorsement of crypto could attract millions of enthusiasts. Scaramucci suggests that embracing Bitcoin could give a presidential nominee a significant advantage, considering the substantial number of Bitcoin and cryptocurrency holders in the United States.
Despite not personally owning any Bitcoin, Kennedy has announced that his campaign accepts donations through the Lightning Network.
At the time of writing, Bitcoin’s value had increased by 3.6% in the last 24 hours, trading at $67,029, as it strives to regain the $70,000 milestone.