Robert F. Kennedy Jr., a candidate in the current U.S. presidential race, called Bitcoin a response to the threat posed by CBDC, which he described as an ‘elegant solution’ for transactional freedoms.
WBD741 — @RobertKennedyJr on Media, US Debt & Bitcoin. We discuss:
— Unifying the US w/ honesty & transparency
— Fairness Doctrine & Media bias
— US democracy, military spending, & healthcare
— Transactional freedom, #Bitcoin & government abuse of powerhttps://t.co/1EcDEeG6kf pic.twitter.com/Vhy1El5Aob— What Bitcoin Did (@WhatBitcoinDid) November 27, 2023
In the candidate’s view, a central bank digital currency could infringe on personal freedoms by allowing the government to track every aspect of citizens’ spending.
‘We have freedom of expression, but if the government can punish you by closing bank accounts without being charged with a crime, they will have absolute power to turn the population into slaves,’ Kennedy said.
He noted that CBDC technology attracts technocrats and totalitarians, allowing banks to earn additional fees on transfers.
He warned that national cryptocurrencies could be tied, for example, to a social credit score. This would give governments the right to deprive someone of the ability to use their own money for certain reasons, Kennedy explained.
‘Transactional freedom is essential, and Bitcoin is the answer to this question, because it is not controlled by anyone. It is precisely this incredibly elegant solution that gives us freedom of transactions and freedom worldwide,’ he concluded.
Earlier, the politician called Bitcoin an alternative to the traditional financial system and criticized American regulators for the ‘war on cryptocurrencies,’ which led to a banking crisis in the country.
In June, Kennedy promised to defend citizens’ right to own and use Bitcoin unimpeded.
In October, he said he would defend Bitcoin if elected president, calling it the ‘currency of freedom’.