Skip to main content

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.

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.



from Bitcoin News https://ift.tt/9EqmxQF

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli...

DefiDollar Listing on AscendEX

PRESS RELEASE. AscendEX, formerly BitMax, an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of the DefiDollar Token (DFD) under the pair USDT/DFD on Apr 29 at 1:00 p.m. UTC. DefiDollar is a DeFi lab that aims to bring mass adoption to DeFi with a wide-ranging product suite. The first product offering to go live will be the stablecoin index – DUSD, with ibBTC and optionCoin currently in development. DefiDollar (DUSD) aspires to be a risk-insured stablecoin layer for DeFi. It is designed to provide a safe and stable way for users to hold their assets with DUSD being optimized for peg safety, yield, and diversification. DefiDollar uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying stablecoin holdings to hedge against an event where the underlying stablecoins like Tether or DAI deviate from their peg. DUSD is collateralized by Curve Finance LP tokens. DFD is the n...