Democrat US presidential candidate Robert F. Kennedy Jr. thinks Bitcoin (BTC) is the “excellent base foreign money.”
In a current interview with TheStreet Crypto, Kennedy, who announced final month that he’s operating within the 2024 presidential marketing campaign as a Democrat, says there must be “exit ramps” like crypto property that permit Individuals to keep away from central bank-induced inflation.
“[Bitcoin is] the right base foreign money, as a result of there’s a finite quantity of it… The Bitcoin that exists on the Earth is infinitely divisible, so it’s sort of the right foreign money – it has an intrinsic worth and it provides individuals a manner out.”
Kennedy, who says he isn’t a Bitcoin investor, famous that the muse of BTC is belief.
“And no one can manipulate it. There’s no human being that may manipulate it. What occurs with Bitcoin could be very, very democratic. It’s all determined by all of the miners in a democratic manner and by algorithms that may’t be manipulated.”
Kennedy additionally criticized the crypto regulatory method of the Securities and Trade Fee (SEC), arguing the regulator hasn’t been clear.
The environmental lawyer spoke on the Bitcoin 2023 Convention in Miami earlier this month and introduced that his presidential marketing campaign would be the first in American historical past to simply accept BTC donations.
Kennedy says Bitcoin can act as a bulwark towards authoritarian censorship, and he’s promised to guard the best to Bitcoin if he’s elected president.
“As president, I’ll make it possible for your proper to carry and use Bitcoin is inviolable. First, I’ll defend the best of self-custody of Bitcoin and different digital property. It is best to have the ability to personal your personal personal keys the identical as you personal the keys to your automotive or your personal pockets.”
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