Robert F. Kennedy Jr, the nephew of former President John F. Kennedy, has declared his official candidacy for President of the United States. He will run for the Democratic nomination, hoping to secure victory over the current President, Joe Biden.
Kennedy is a Bitcoin supporter and believes that it could provide people with an “escape route” in the face of financial turmoil caused by the Federal Reserve’s actions.
A BTC Advocate’s Bid for the Presidency
The 69-year-old environmental lawyer admitted to the crowd that he would not be “an ideal presidential candidate.” Nonetheless, he pledged to eradicate corruption and “corporate feudalism,” which remained an obstacle in the world’s most powerful economy.
Kennedy, who is the nephew of the late President John F. Kennedy (assassinated in 1963) and the son of Robert Kennedy (also assassinated in 1968), has been at the forefront of various provocative campaigns in recent years. Most notably, he is a strong critic of the COVID-19 vaccination program and a nuclear power opponent.
He recently alleged that the US Federal Reserve partnered with multiple banking institutions between 2008-2022 to print an enormous amount of money. In his view, the policy could cause further financial instability in the future and pointed out Bitcoin as an asset that could serve as a life raft for Americans:
“Cryptocurrencies like Bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts. So the White House is colluding with the banksters to keep us all trapped in the bubble of profiteering and control.”
Kennedy also believes that Joe Biden, the current President, has “weaponized” agencies such as the DOJ and the FDIC to force some banks to cease operations with crypto organizations at the end of 2022.
Recall that the well-known Silicon Valley Bank (SVB), Silvergate Capital, and Signature Bank all collapsed recently. They all served many crypto clients and caused significant losses to investors.
What are His Prospects?
Despite being seen as an underdog, many experts believe JFK’s nephew is capable of beating the odds and winning the next year’s election. One of his supporters, Ross Elakman, believes that Kennedy is the right choice for America and describes Biden and Trump as “ineffectual:”
“Biden has been ineffectual, Trump was ineffectual, and this guy tells the truth.”
Research conducted soon after Kennedy announced his bid for the Presidency estimated that he has the support of 14% of people who voted for Joe Biden in 2020. Furthermore, only 67% of current leader’s voters would support him in the 2024 elections.
It is worth mentioning that Kennedy would not be the world’s first pro-Bitcoin political leader (should he succeed in the elections). An excellent example is the President of El Salvador, Nayib Bukele, whose administration declared Bitcoin legal tender in 2021.
Under his leadership, the government purchased BTC on a macroeconomic level and announced numerous initiatives involving the cryptocurrency.
