Bitcoin Freedom vs. Central Bank Control: Kennedy Jr.’s Bold Stand

Presidential candidate Robert F. Kennedy Jr. has expressed his views on central banking digital currencies (CBDCs) and his support for Bitcoin (BTC) in an interview with the New York Post.

Kennedy emphasizes the importance of policies that promote the freedom to use Bitcoin and enable individuals to manage their own Bitcoin wallets, nodes, and passwords. He advocates for minimal controls necessary to prevent money laundering.

Regarding CBDCs, Kennedy firmly opposes their development, considering them tools of control and oppression that are likely to be misused.

Kennedy, known for his criticism of the U.S. Securities and Exchange Commission (SEC) on crypto-related matters, believes that Bitcoin offers people an alternative within an otherwise unfair financial system.

He highlights the finite nature of Bitcoin, its intrinsic value, and its resistance to manipulation. He praises the democratic decision-making process carried out by miners and algorithms in the Bitcoin network.

If elected president, Kennedy pledged to safeguard individuals’ rights to hold and use Bitcoin. He promises to protect the right to self-custody of Bitcoin and other digital assets, comparing it to the ownership of keys for personal belongings such as cars and wallets.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.