Independent Presidential Candidate Vows Full Commitment to Cryptocurrency

Independent presidential hopeful Robert F. Kennedy Jr. emphatically reiterated his staunch support for Bitcoin during the BTC 2024 conference held in Nashville.

“I am a huge supporter of Bitcoin. I have most of my wealth in Bitcoin,” Kennedy declared, underscoring his unwavering commitment to the digital currency.

In this electoral cycle, Bitcoin has emerged as a contentious topic, particularly following Republican nominee Donald Trump’s campaign announcement in May that it would accept cryptocurrency donations. Several prominent figures in the crypto industry have rallied behind Trump’s campaign, including Kraken co-founder Jesse Powell, who contributed $1 million in cryptocurrency, and the Winklevoss twins, who have also donated to a Trump-aligned political action committee (PAC).

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Kennedy, known for his libertarian-leaning views, criticized the Federal Reserve, accusing it of serving the interests of bankers rather than the general public. “The relationship between Congress and the Fed is both parasitical to our country, and it’s a symbiotic relationship. The Fed is not a public institution … The decision-makers are appointed by the banking industry,” he asserted during a panel discussion hosted by TheStreet.

Kennedy also voiced his disapproval of Covid-19 lockdowns, arguing that they disproportionately favored billionaires over small businesses. “Lockdowns… shut down all the small businesses in this country, which is what we should be nurturing, and kept open the Walmarts, the Amazons, Facebook, the oil industry, and the processed food industries. They all flourished during that period,” he remarked.

Read more: Bitcoin Surges Above $67K Following Biden’s Withdrawal from 2024 Race

Earlier this year, Kennedy addressed the Consensus conference organized by CoinDesk in Austin, Texas, where he emphasized the importance of cryptocurrency for “transactional freedom.” He stated, “We need sovereignty over our own wallets, transactional freedom, and a currency that is transparent. We need to make sure America remains the hub of blockchain technology.”

Kennedy’s steadfast endorsement of Bitcoin and blockchain technology underscores a growing recognition of the potential of digital currencies in the political arena. As the debate over cryptocurrency adoption continues to gain momentum, Kennedy’s vocal support positions him as a prominent advocate for the integration of blockchain technology into the fabric of American financial systems.