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R. Kennedy, The president Who Loved Bitcoin

Thu 05 Oct 2023 ▪ 4 min of reading ▪ by Nicolas T.
Getting informed Payment

In an interview with Bitcoin Magazine, a candidate in the U.S. presidential election once again expressed his support for Bitcoin.

Bitcoin R. Kennedy

The candidate

When asked about what a Democrat means to him, the nephew of the assassinated President JFK emphasized the defense of the working class as a top priority, along with environmental concerns.

He also spoke out against all wars and was skeptical of the military-industrial complex. The same goes for Wall Street and its tendency to “strip the working classes of their wealth and power”. “Blackrock, Vanguard and State Street control 88% of the S&P500,” he said lucidly.

R. Kennedy also didn’t forget to tackle government agencies like the CIA, which “can embarrass the president in a multitude of ways when they find themselves under pressure”. An allusion to the assassination of his uncle JFK?

His outspokenness on American foreign policy was equally refreshing:

“The idea that the U.S. promotes democracy around the world is a bad joke. The CIA took part in 87 coups d’état between 1947 and 1997. That’s 1/3 of all nations, most of which were democracies. USAID, which is a CIA front, spends $10 million a year funding efforts to overthrow democracies.

If elected president in November 2024, his first measures will be an immediate pardon for Julian Assange and a ban on US agencies practicing censorship on social networks.

The Twitter Files revealed that the FBI had the power to radically reduce the scope of certain people’s tweets (shadow-banning), and even to suspend accounts. In particular, to help elect Joe Biden…

About Bitcoin

R. Kennedy’s interest in bitcoin was sparked when the Canadian government blocked the bank accounts of truckers who protested against mandatory vaccination.

The CBDC project was another catalyst for his bitcoin benevolence:

“I’m against CBDCs. I think they will become an instrument of power and control. They will ultimately use it as an excuse to make cash disappear. Governments will have complete control over our lives. They could, for example, program money so that it no longer works from a certain radius around our home.”

In contrast, the “freedom to own your own Bitcoin wallet will be protected”. “Small holders should not pay any tax on capital gains linked to the appreciation of their Bitcoins”, he dropped.

R. Kennedy is so fond of bitcoin that he would like to “issue treasury bonds partly backed by a basket of tangible assets. For example, bitcoin, platinum, gold, silver and other such assets […]. We could back them with 1%, then 2%, 3%, etc.”.

Asked about the future of the dollar, R. Kennedy described it as “uncertain”. Not least because of “the exponential economic growth of the BRICS”.

“The BRICS do not have their own reserve currencies, but they are promoting the use of their national currencies. This is a threat to the dollar’s status as the international reserve currency, and to the power and wealth of the United States. We have shot ourselves in the foot with sanctions and bellicose diplomatic posturing.”

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Nicolas T. avatar
Nicolas T.

Bitcoin, geopolitical, economic and energy journalist.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.