Democrat US presidential candidate Robert F. Kennedy Jr. thinks Bitcoin (BTC) is the “good base foreign money.”
In a current interview with TheStreet Crypto, Kennedy, who introduced final month that he’s operating within the 2024 presidential marketing campaign as a Democrat, says there must be “exit ramps” like crypto belongings that enable People 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 type of the right foreign money – it has an intrinsic worth and it provides individuals a approach out.”
Kennedy, who says he isn’t a Bitcoin investor, famous that the inspiration of BTC is belief.
“And no person can manipulate it. There’s no human being that may manipulate it. What occurs with Bitcoin may be very, very democratic. It’s all determined by all of the miners in a democratic approach and by algorithms that may’t be manipulated.”
Kennedy additionally criticized the crypto regulatory strategy of the Securities and Change 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 just accept BTC donations.
Kennedy says Bitcoin can act as a bulwark towards authoritarian censorship, and he’s promised to guard the fitting 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 fitting of self-custody of Bitcoin and different digital belongings. It’s best to be capable to personal your individual non-public keys the identical as you personal the keys to your automobile or your individual pockets.”
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