Bitcoin continues to become a major topic of discussion in the political arena as the Republican Party’s candidate for president in the United States Robert F. Kennedy Jr declared that Bitcoin is a way for individuals in the country to achieve transactional freedom. Kennedy emphasized the value of financial independence and privacy, and cited BTC’s decentralized structure as a key component that allows residents to conduct transactions without institutional or government intervention.
Bitcoin represents the path to transactional independence
TFTC, a media company, shared presidential candidate Robert F. Kennedy Jr.’s thoughts on platform X (formerly Twitter) on Thursday, along with a clip of Kennedy in an interview with CNBC. In interviewThe cryptocurrency supporter began his statement by revealing his belief in the future growth of BTC, noting that he still owns some of the cryptocurrency.
When asked about Bitcoin’s actual role in the financial system, as some members of Congress want the asset banned in the US, Kennedy replied that they want it to be banned because huge banks like JP Morgan and Blackrock, which profit from inflation and money printing by Federal Reserve (FED), finance them.
He further noted that the American middle class is being crushed by these members of Congress, and Bitcoin is the exit from the Fed’s money printing machine. This is because crypto assets are considered difficult currency, while also emphasizing the need to make them transactable for middle-class citizens and those who want to protect themselves from economic turmoil such as inflation, allowing them to control their funds.
Kennedy advocated for freedom of transaction among residents because he considered it to be as vital as freedom of speech, drawing attention to the situation in Canada where the government closed citizens’ bank accounts after initiating a peaceful protest.
This would allow the government to control the transactional freedom of its citizens, thereby controlling their speech, and according to the presidential candidate, Bitcoin is the only remedy against this government’s control over the financial independence of its citizens. “Transactional freedom is as important as freedom of speech, and this can only be achieved through Bitcoin“And we won’t achieve that as long as government controls our digital currencies,” Kennedy said.
Will US BTC holdings be worth $615 billion under Kennedy?
In recent weeks, Robert K. Kennedy Jr. has demonstrated his sturdy support for BTCendorsing it as a potential asset that could lead to a financial breakthrough for the US. In another interview On The Street with popular YouTuber Scott Melker, Kennedy revealed his plans to make the United States the largest holder of bitcoin.
The country is currently the largest holder of gold, holding over 8,134 tons of the precious metal, valued at a staggering $615 billion. If Kennedy is elected as the country’s next president, he intends to mirror that value in BTC, bringing the U.S. holdings to over 9.4 million BTC.
Featured image from Shutterstock, chart from Tradingview.com
