Former presidential candidate Robert F. Kennedy Jr. is back in the spotlight when he announced that he has invested most of his fortune in Bitcoin.
The famous politician has long been an ardent supporter of bitcoin, calling it the “currency of freedom.” calls it. What motivated you to become so dedicated to digital tools?
Bitcoin as a hedge against inflation
In a post on November 16, Kennedy highlighted again that bitcoin can be an effective tool to protect against the devaluation of currencies. Earlier in a video he said:
I’m a big bitcoin supporter. A year ago I attended another Bitcoin conference. I went home and put most of my wealth into bitcoin so I’m fully committed.
According to Kennedy, Bitcoin’s decentralized nature and limited supply are attributes that could help stabilize the U.S. dollar. In addition, he believes that other physical assets such as gold and silver can also play an important role in preserving the value of currencies.
Bitcoin as a gift
He is not only famous for his political commitment, but also sets an example with his personal decisions. In July 2023, Kennedy disclosed that he had bought bitcoins for all of his children. At a Twitter Spaces event, he said:
“After the Bitcoin conference, I received a significant amount of money and decided to back up my words with my actions. That’s why I bought two bitcoins for each of my seven children.”
This small but symbolic gesture also highlights Kennedy’s confidence in bitcoin and that he sees bitcoin not only as a financial instrument, but also as a store of value and a family heirloom.
Bitcoin in public finance
In April 2024, Robert F. Kennedy Jr. has taken his commitment to bitcoin to a new level. He announced that if elected, the entire budget of the United States would put it on a blockchainto ensure maximum transparency and accountability.
At the 2024 Bitcoin Conference held in Tennessee, Kennedy pledged to create a strategic bitcoin reserve. As president, he would also sign an executive order that would put the US government’s bitcoin assets under the management of the Federal Reserve.
Kennedy: „Bitcoin is inevitable”
In an interview in July 2024, Kennedy stated that bitcoin could play a key role in maintaining the US dollar’s reserve currency status. In his view, Bitcoin is not just a technological innovation, but an inevitable development that the United States must understand and use to its strategic advantage.
“We need the United States to become a country that can leverage bitcoin and make it part of our reserve currency system.” Kennedy said.
Robert F. Kennedy Jr. his commitment to bitcoin is not only a political strategy but also a personal conviction. The decentralized financial solutions it represents and the ideas of transparent governance are gaining more and more attention on the global stage. Although his presidential campaign is over, his views and proposals may continue to influence the regulation and adoption of cryptocurrencies in the US.
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