Robert F. Kennedy Jr: Bitcoin to Preserve Economic Liberties

U.S. presidential candidate Robert F. Kennedy Jr. expressed his strong endorsement of bitcoin in a recent interview with CNBC. He portrayed the digital currency as a vital option to the conventional banking system and its methods. Kennedy, who belongs to the same family as former U.S. Attorney General and Senator Robert F. Kennedy and former President John F. Kennedy, emphasized the importance of bitcoin in granting financial and transactional autonomy to the people.

Transactional freedom is as essential as freedom of speech, and you only get that from bitcoin.

Kennedy denounced the existing financial system, claiming that bitcoin provides a way to address the problems of inflation and government interference with personal finances. He maintained that bitcoin’s worth stems from its capacity to act as a “hard currency”, immune to the effects of central bank policies and excessive money creation. “The American middle class is getting crushed, and the escape route from that, from the money creation machine, is bitcoin,” Kennedy said, highlighting the necessity for wider access to bitcoin to protect against economic instability.

He also connected the idea of transactional freedom to basic rights, stating, “Transactional freedom is as essential as freedom of speech, and you only get that from bitcoin.” He made this remark while discussing the government’s actions during the 2022 Freedom Convoy in Canada, where protesters faced financial penalties. Kennedy cited this event as an instance of how digital currency control could potentially be used to silence opposition and manipulate public opinion.

Kennedy’s remarks come against a backdrop of controversy within the U.S. Congress, where some members have raised doubts over the legality and regulation of bitcoin. He blamed those pushing for a ban of being swayed by major financial institutions like Blackrock and Morgan, which, according to him, profit from the status quo of the financial system.