$BTC: 2024 US presidential candidate RFK Jr. explains why he supports Bitcoin
Robert F. Kennedy Jr. (aka “RFK Jr.”), a 2024 US presidential candidate, emerges as a staunch supporter of Bitcoin and its decentralized promise.
Robert Francis Kennedy Jr., born January 17, 1954, is an American environmental lawyer, author, member of the Kennedy family, 2024 Democratic Party presidential candidate, and a controversial figure known for promoting anti-vaccine propaganda and health-related conspiracy theories. Kennedy is the son of former US Attorney General Robert F. Kennedy and nephew of President John F. Kennedy.
Kennedy has had an extensive career in environmental law and advocacy, working with organizations such as Riverkeeper, the Natural Resources Defense Council (NRDC) and the Waterkeeper Alliance. Despite his environmental success, Kennedy’s controversial statements and past affairs have made it challenging for him to gain prominent political positions.
May 5, 2023, over a series of tweetshe expressed his concerns about the potential impact of central bank digital currencies (CBDCs) on individual freedom, democracy and financial privacy.
Kennedy’s opposition to CBDCs stems from his belief that they could be used to control people’s financial lives, especially when it comes to political dissent. He cited examples of private companies such as PayPal, Visa and Mastercard taking action against individuals or organizations due to political pressure or fear of regulatory backlash.
As a staunch defender of democracy and individual rights, Kennedy sees the potential for CBDCs to be abused by governments as a tool to suppress dissent and control economic life. The digitization of currency and the rise of the CBDC will give governments unprecedented power to monitor and control financial transactions, ultimately stifling dissent and undermining democracy.
Conversely, Kennedy strongly supports Bitcoin, as it provides a decentralized alternative to traditional financial systems and allows people to conduct transactions without government interference. He sees Bitcoin as an important tool to support people’s movements around the world, especially in countries like Burma, where political unrest is rife.
