US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil

US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil

On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of central bank digital currencies (CBDCs), and he insisted that the Biden administration has launched a “steady barrage of hostile broadsides against cryptocurrencies.” Kennedy, who recently filed to run for president of the United States in the 2024 election as a Democrat, also stressed that “bitcoin gives the public an escape route” for when the bubble bursts. Robert Kennedy Jr. — ‘White House Is Colluding With the Banksters’

Robert F. Kennedy Jr. discussed the Fednow service on Monday after the U.S. Federal Reserve published an advisory notice insisting that the service was not a digital currency, a CBDC, or a cash replacement. Kennedy stated that the claim would be more believable if people were not aware of “the Biden administration’s steady barrage of hostile broadsides against cryptocurrencies.” The presidential hopeful also shared information about a Pirate Wires post published by Nic Carter, which discusses “Operation Chokepoint.”

“The recent crackdown on crypto blocks exit ramps, removes alternative rails, and strengthens government control over both the financial and political systems,” explained Kennedy. Furthermore, he discussed the massive monetary expansion that took place in America for well over a decade. “Between 2008-2022, the Fed partnered with a handful of big banks to print $10 trillion — ten centuries of wealth in 15 years — a bonanza for the banksters,” he wrote.

Kennedy also asserted that Bitcoin, the peer-to-peer electronic cash system, is giving people the means of protection from the financial turmoil that will lead to an inevitable crash. “Cryptocurrencies like bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts,” Kennedy emphasized. “So, the White House is colluding with the banksters to keep us all trapped in the bubble of profiteering and control,” he added. CNN Poll Suggests Majority of Democratic Voters Would Like to See an Alternative Nominee

Kennedy filed for candidacy on April 5, 2023, and he would be the fourth member of his family to run for the U.S. presidency. He is the nephew of Democratic president John F. Kennedy (JFK) and the son of Robert F. Kennedy (RFK), both of whom were assassinated. Kennedy is expected to officially announce his run at an event in Boston on April 19, 2023. On Twitter, Kennedy said that the populace “should be wary” of CBDCs and opined that they are “the ultimate mechanisms for social surveillance and control.”

The Democratic candidate also brought up the venture capitalist and angel investor Balaji Srinivasan, who recently discussed the distinction between the Fednow project and a CBDC. Kennedy wrote that Balaji compared the Fednow service to “a virus that has evolved to evade recognition by changing its sequence without really changing its function.” U.S. president Joe Biden will likely run in 2024, but a recent CNN poll suggests that many American Democrats would like to see a new candidate.

“A majority in his party say they would like to see someone else as the Democratic nominee for president next year,” CNN reported. Tags in this story American Democrats, Balaji Srinivasan, banksters, Biden Administration, Bitcoin, CBDC, CBDCs, central bank digital currency, CNN poll, control, Cryptocurrencies, Democratic candidate, Digital Currency, Fednow, financial turmoil, Joe Biden, John F. Kennedy, monetary expansion, nic carter, nominee, operation chokepoint, Pirate Wires, political systems, RFK Jr., Robert F. Kennedy, Robert F. Kennedy Jr., Robert F. Kennedy Jr. bitcoin, Robert F. Kennedy Jr. CBDC, Robert F. Kennedy Jr. Fednow, social surveillance, U.S. Federal Reserve, U.S. presidency, White house

What are your thoughts on Robert F. Kennedy Jr.’s stance on cryptocurrencies and CBDCs? Share your thoughts about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. 2023’s Bitcoin Obituaries: Bitcoin Defies 6 Death Predictions With 80% Price Increase Since End of 2022 NEWS | 6 hours ago Bitcoin Proponents Accuse the New York Times of Publishing One-Sided "Hit Piece" on Bitcoin Mining NEWS | 1 day ago

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