Robert Kennedy Jr: Bitcoin Is Inflation Offramp — BTC Is Key to Transactional Freedom

RFK Jr. Highlights the Importance of Bitcoin

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) discussed bitcoin in an interview with CNBC Thursday. RFK Jr. is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President John F. Kennedy.

Noting that bitcoin needs to be made “transactionally available to the middle class,” Kennedy emphasized: “We need to make sure that people wanting to protect themselves against inflation can have this, but also that they have transactional freedom and the government is not able to digitalize our currency like they did in Canada.” He cautioned:

The government could control their speech by controlling their transactional freedom and, you know, transactional freedom is as important as freedom of speech and you only get that from bitcoin.

“We’re not going to get that, you know, as long as the government controls our digitalized currency,” he opined.

Discussing the 2022 Freedom Convoy in Canada, Kennedy pointed out: “When the truckers disobeyed, you know, when the truckers protested peacefully, their bank accounts were shut down, and they couldn’t pay their mortgages, they couldn’t pay for their children’s education,” The Federal Court of Canada ruled in January that the Trudeau government’s use of the Emergencies Act to freeze funds and cryptocurrencies during the Freedom Convoy protests in 2022 was unconstitutional.

Kennedy was asked to explain “ bitcoin’s real role” given that there are Congress members from both parties who think bitcoin should be banned. “They want to ban because they’re being paid by Blackrock and Morgan and all the big banks, globalist banking monopolies, that are making money on inflation and making money by the Fed printing money,” he replied, adding:

The American middle class is getting rolled and the offramp from that, from the money printing machine, is bitcoin because it is hard currency.

While JPMorgan CEO Jamie Dimon has stated that if he were the government, he would shut down bitcoin and all cryptocurrencies, Blackrock CEO Larry Fink has said that he is now a big bitcoin believer. Blackrock’s spot bitcoin exchange-traded fund (ETF) also holds a large amount of bitcoin. As of Feb. 29, Blackrock’s Ishares Bitcoin Trust (IBIT) holds over 161K BTC. Meanwhile, JPMorgan is a lead authorized participant for Blackrock’s spot bitcoin ETF.

Kennedy is a well-known advocate for bitcoin. He owns some BTC and purchased some for his children last year. When asked whether he is still holding bitcoin, he replied. “Yeah, I’m still holding. My kids are very, very happy about it.”

In October of last year, the presidential candidate pledged that if elected President of the United States, he would take action to protect bitcoin. “I’m going to make sure that bitcoin is protected, that people can keep their own wallets, that the current White House war on bitcoin will be over, that transactions will be protected and encouraged.” In July last year, he unveiled a plan to back the U.S. dollar with BTC.

RFK Jr. is also anti-central bank digital currencies ( CBDCs). He and former U.S. President Donald Trump have promised to stop the Federal Reserve from issuing a digital dollar if elected. “We should be wary since CBDCs are the ultimate mechanisms for social surveillance and control,” Kennedy previously cautioned: “While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.”

What do you think about the statements by presidential candidate Robert F. Kennedy Jr. about bitcoin? Let us know in the comments section below.