“Your right to use and hold Bitcoin is inviolable”

Presidential candidate Robert F. Kennedy Jr., a known Bitcoin advocate, reaffirmed his support for the world’s top cryptocurrency in a tweet to his 1.7 million followers on Tuesday, promising to safeguard the right to use and hold Bitcoin if he is elected.

“As president, I will make sure that your right to use and hold Bitcoin is inviolable,” Kennedy wrote. “Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic.”

The statement resonated with other Bitcoin enthusiasts, notably Jack Dorsey, the co-founder of Twitter and known supporter of Bitcoin, who has previously endorsed Kennedy’s presidential campaign. Michael Saylor, CEO of MicroStrategy and a vocal Bitcoin proponent, echoed Kennedy’s sentiments and shared the tweet to his 3 million followers, adding, “The next President will be a pro-Bitcoin President.”

Kennedy’s remarks underline a shifting dynamic in the political landscape as cryptocurrency and its impact on society become increasingly central to the discourse. This new focus brings with it questions about the role of government and transparency in a digital age.

The next President will be a pro-Bitcoin President.

As of the time of writing, Bitcoin is trading at $30,462 per coin according to CoinMarketCap data, solidifying its place as the world’s top cryptocurrency. It remains to be seen how this endorsement from a potential future president will impact the trajectory of Bitcoin’s value and the overall acceptance of digital currencies in the mainstream.

Kennedy’s vocal support for Bitcoin could indicate a future where government institutions may need to adopt more transparent and democratic practices, in response to the inherent qualities of decentralized digital currencies like Bitcoin. He had recently said that he thinks Bitcoin is the “perfect base currency” and that virtual currencies like Bitcoin offer “exit ramps” for Americans to avoid the negative impacts of inflation-instigated by central banks.