JFK’s nephew and US presidential candidate, Robert F. Kennedy Jr., believes that Bitcoin can protect citizens from the “printing of money” by central banks. According to him, making the queen of cryptos accessible to as many people as possible is essential to preserve individual freedoms.
A currency protected from state manipulation
In a recent interview with CNBC, Robert F. Kennedy Jr. extolled the merits of Bitcoin, a decentralized currency sheltered from the inflationary excesses of States.
According to the candidate for the White House, the government must facilitate access to bitcoin for the middle class, so that they can protect themselves against “ the Fed money printing press “. A direct allusion to the very accommodating monetary policy of the Federal Reserve, which massively injects liquidity into the economy, fueling inflation.
Bitcoin therefore constitutes a credible alternative, due to its programmed scarcity and its independence from central banks. RFK Jr. qualified moreover Satoshi’s invention of “ strong currency », capable of protecting the purchasing power of households.
Mr. Kennedy points the finger at certain Wall Street giants, such as BlackRock or the big banks, who according to him benefit from “ the Fed’s unlimited printing press “. These institutions in fact make money through inflation and would seek to hinder the adoption of cryptos, escaping their influence.
Bitcoin constitutes precisely an alternative to this failing system, believes Kennedy Jr. As “ strong currency “, the cryptocurrency escapes the manipulations of the State and central bankers. It therefore offers protection against “ money printing machine » which is bleeding the middle classes.
A bulwark of threatened freedoms
Beyond the fight against inflation, the politician highlights another major interest of Bitcoin: the preservation of citizens’ freedom of transaction.
He thus recalls that during the “2022 Freedom Convoy” demonstrations in Canada, the Trudeau government froze the bank accounts of opponents, preventing them from paying their bills. A serious attack on fundamental freedoms according to RFK Jr.
Conversely, the decentralized and anonymous nature of Bitcoin makes it impervious to this type of state obstruction. From then on, Kennedy Jr. is categorical: “ Freedom of transaction is as important as freedom of speech and you only get it with bitcoin “.
Long-time support for Bitcoin
JFK’s nephew is not his first statement of support for Bitcoin. In 2021, he bought BTC for his children, believing that it was an investment for the future. RFK Jr. also promised that if elected president, he would protect Americans’ right to hold Bitcoin.
He also pledged to prevent the American central bank (Fed) from issuing its own digital currency. Central bank digital currencies (CBNCs), in his view, open the door to widespread monitoring of transactions.
A position radically opposed to that of certain Wall Street pundits, such as JP Morgan CEO Jamie Dimon. The latter calls for an outright ban on Bitcoin, which he considers too volatile and speculative.
With his strong statements, RFK Jr. places the debate on the regulation of cryptocurrencies at the heart of the American presidential campaign. If it were to win, Bitcoin could become a perfectly legal and encouraged means of payment in the United States.
It remains to be seen whether this position will allow him to unite beyond the libertarian fringe. At a time when the Fed is aggressively raising rates, making Bitcoin a symbol of resistance to inflation could pay off.
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