Robert F. Kennedy Jr., who has just announced his candidacy for the next U.S. President, believes that Bitcoin and cryptocurrencies run on decentralized networks and are not easily affected by market fluctuations and national policies. When financial bubbles When it explodes, Bitcoin will be the "escape door" that can get people out of trouble.
Robert F. Kennedy Jr. is the nephew of the late former US President John F. Kennedy and the son of the former Senator Robert F. Kennedy. He posted a Twitter post in the early morning of today (11th) In the article, concerns were expressed about the U.S. Federal Reserve's (Fed) monetary policy.
He claimed that the Federal Reserve "colluded" with major banks over the past 15 years to print $10 trillion in banknotes out of thin air at the expense of the public interest, but the ultimate beneficiaries are still the so-called "bankers." Now, as the U.S. government is cracking down on the cryptocurrency industry, it is accelerating the launch of the year-round instant payment service "FedNow". Although it claims to have nothing to do with "digital dollars" and CBDC, he quoted Balaji Srinivasan, former chief technology officer of Coinbase. In the words:
From a technical perspective, the differences between FedNow and CBDC are critical, but from a civil liberties perspective, they simply don’t matter.
Robert F. Kennedy Jr. said, “We should remain vigilant because CBDC is the ultimate tool for governments to monitor their people.”
In this context, Robert F. Kennedy Jr. advocates the use of Bitcoin and cryptocurrencies as alternatives to the traditional financial system. He believes that when the current "financial bubble" inevitably bursts, only the "escape door" of cryptocurrency can save the people who are in dire straits.
Although Robert F. Kennedy Jr. regarded Bitcoin as a safe haven during the financial crisis, as many cryptocurrency-friendly banks collapsed one after another, and the US government launched all-round containment and containment of stable coins, exchanges, and miners, and crackdowns, it appears there are still many regulatory and legal hurdles to overcome before cryptocurrencies can become a mainstream alternative to the traditional financial system.
This article US presidential candidate and Kennedy’s nephew: Bitcoin is a “safe haven” during the financial crisis first appeared on Blockchain.