U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.”
RFK Jr. Says ‘Crypto Equals Freedom’
U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) reiterated his support for cryptocurrency in a post on social media platform X 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.
“Cryptocurrency is the off-ramp for our addiction to the Federal Reserve,” Kennedy wrote, emphasizing:
It’s the best hedge against inflation. And it takes control away from the government and from the monopolistic banking system, which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.
“If you agree that crypto equals freedom, help me advance that vision as President,” he added.
Kennedy has been a longstanding advocate for bitcoin and cryptocurrencies, holding BTC himself and buying some for his children in the previous year. He recently stressed that bitcoin serves as an off-ramp from central banks’ “money printing machine,” highlighting its status as a “hard currency.” He also emphasized the significance of transactional freedom, equating it with freedom of speech, which he believes is uniquely provided by bitcoin.
In October of last year, the presidential candidate promised that if elected President of the United States, he would take steps 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,” he stated. Moreover, in July last year, he revealed a proposal to back the U.S. dollar with BTC.
RFK Jr. is also opposed to central bank digital currencies (CBDCs). He and former U.S. President Donald Trump both vowed to prevent 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 has warned. “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.”
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