Bitcoin as a Beacon of Freedom in Robert F. Kennedy Jr’s America

Robert F. Kennedy Jr., aspiring to the U.S. presidency, has positioned himself as a staunch advocate for cryptocurrency, arguing it offers a bulwark against inflation and governmental overreach. He underscored his stance on the social media platform X, stating, “Cryptocurrency is the off-ramp for our addiction to the Federal Reserve.” Kennedy, whose lineage includes political figures such as former U.S. Attorney General and Senator Robert F. Kennedy and former President John F. Kennedy, has tied the concept of financial independence with cryptocurrencies directly to broader freedoms.

Kennedy has been vocal about his support for Bitcoin, viewing it as counter to the central banks’ “money printing machine.” He noted, “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.” In his push for Bitcoin and cryptocurrencies, Kennedy has not only invested personally but also bought some for his children last year, showcasing his commitment to the digital currency as a hard currency and a medium for transactional freedom, akin to freedom of speech. He said, “Transactional freedom is as essential as freedom of speech, and you only get that from bitcoin.”

In his campaign, Kennedy has promised to ensure the protection of Bitcoin and advocate for the freedom of transactions. He declared, “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.” Furthermore, he has proposed backing the U.S. dollar with Bitcoin, illustrating his belief in its value stability and potential to reform the financial system.

Kennedy also voices strong opposition to the development and implementation of central bank digital currencies (CBDCs). Sharing concerns with former U.S. President Donald Trump, he warned against the invasive potential of CBDCs, stating, “We should be wary since CBDCs are the ultimate mechanisms for social surveillance and control.” Kennedy highlights the contrast between the anonymity of cash transactions and the transparent, controllable nature of CBDCs, which he believes would allow the government excessive oversight over personal finances.