Robert F. Kennedy Jr., an independent presidential candidate, reiterated his strong support for bitcoin at the recent BTC 2024 conference in Nashville. He declared, “I am a huge supporter of Bitcoin. I have most of my wealth in Bitcoin. I am fully committed.” This reaffirmation comes at a time when cryptocurrency and its impact on the economy have emerged as significant topics in the upcoming election.
The issue of Bitcoin has gained prominence in the current electoral cycle, particularly with the announcement from Republican nominee Donald Trump’s campaign that it would now accept crypto donations. This move has garnered support from various crypto entrepreneurs, including Kraken co-founder Jesse Powell, who donated $1 million in crypto to Trump, and the Winklevoss Twins, who have contributed to a Trump-aligned PAC.
Kennedy, known for his libertarian-leaning views, took the opportunity to criticize the Federal Reserve during a panel discussion hosted by TheStreet. He argued that the central bank primarily serves the interests of bankers rather than the general public. According to Kennedy, the relationship between Congress and the Fed is detrimental to the country, highlighting that decision-makers within the Fed are appointed by the banking industry.
Furthermore, Kennedy pointed out his concerns regarding the impact of Covid lockdowns, suggesting that they disproportionately benefited billionaires while harming small businesses on “Main Street.” He criticized the selective nature of these lockdowns, which allowed big corporations like Walmart, Amazon, Facebook, and others to thrive while small businesses suffered.
Earlier in the year, Kennedy also spoke at CoinDesk’s Consensus conference in Austin, Texas, emphasizing the importance of cryptocurrency in ensuring “transactional freedom.” He stressed the need for sovereignty over personal wallets, transparent transactions, and positioning America as a leader in blockchain technology.
Kennedy’s unwavering support for Bitcoin and his critiques of the financial system and economic policies reflect his commitment to advocating for change. As the presidential campaign progresses, his stance on cryptocurrency and related issues is likely to continue sparking discussions and debates among voters and policymakers alike.