Robert F. Kennedy Jr. – the nephew of former President John F. Kennedy and contested Joe Biden for the Democratic nomination in the 2024 election – is the man behind the Federal Reserve’s current financial sector turmoil. denounced the situation.
He believes cryptocurrencies like Bitcoin can act as personal lifeboats “when this bubble is bound to burst.”
Pro Bitcoin and Anti CBDC
The 2024 presidential election in the United States includes some interesting names, including Robert F. Kennedy Jr., nephew of John F. Kennedy (assassinated in 1963). The Democratic nominee has controversial views on a number of provocative topics, including that he has vehemently criticized his COVID-19 vaccination program, is an outspoken environmentalist, and has been an outspoken advocate of nuclear power. is against
recently Tweet, Kennedy also announced his status as a supporter of Bitcoin. He claimed that the Federal Reserve worked with many major banking institutions between his 2008 and his 2022 years to print huge sums of money. According to him, the policy could lead to additional financial imbalances in the future, outlining BTC as an asset that could give individuals an “escape route” in the eventual chaos.
“Cryptocurrencies like Bitcoin offer the masses an escape route out of the splatter zone when this bubble is bound to burst. I’m trying to get trapped in a bubble of
Kennedy went even further, accusing incumbent President Joe Biden of “weaponizing” the Department of Justice, the FDIC, and other agencies to force some banks to shut down cryptocurrency entities late last year. condemned the
Remember, the recent failures of the famous Silicon Valley Bank, Silvergate Capital, and Signature Bank rocked the American banking system. They all served multiple cryptocurrency clients and resulted in heavy losses for investors.
Kennedy then opposed the potential launch of a digital dollar, arguing that governments could use it as the “ultimate mechanism for social surveillance and control.”
DeSantis also opposes CBDC
Florida Governor Ron DeSantis, a possible Republican candidate for president, also opposes the creation of a CBDC in the United States.
he blown up We used such financial instruments as surveillance tools and proposed a total ban on Florida territory. He likened the potential digital dollar to China’s electronic yuan, arguing that the central bank will use it to monitor transactions and “cut off access to goods and services.”
DeSantis also reminded us of the situation in Nigeria where authorities restricted ATM withdrawals to boost adoption of eNaira.However, this policy prompt Mass protests in February.
Featured image courtesy of STAT News
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