Democrat US presidential candidate Robert F. Kennedy Jr. thinks Bitcoin (BTC) is the “good base forex.”
In a current interview with TheStreet Crypto, Kennedy, who introduced final month that he’s operating within the 2024 presidential marketing campaign as a Democrat, says there must be “exit ramps” like crypto belongings that permit Individuals to keep away from central bank-induced inflation.
“[Bitcoin is] the proper base forex, as a result of there’s a finite quantity of it… The Bitcoin that exists on the Earth is infinitely divisible, so it’s sort of the proper forex – it has an intrinsic worth and it provides individuals a approach out.”
Kennedy, who says he isn’t a Bitcoin investor, famous that the inspiration of BTC is belief.
“And no person can manipulate it. There’s no human being that may manipulate it. What occurs with Bitcoin may be very, very democratic. It’s all determined by all of the miners in a democratic approach and by algorithms that may’t be manipulated.”
Kennedy additionally criticized the crypto regulatory method of the Securities and Alternate Fee (SEC), arguing the regulator hasn’t been clear.
The environmental lawyer spoke on the Bitcoin 2023 Convention in Miami earlier this month and introduced that his presidential marketing campaign would be the first in American historical past to just accept BTC donations.
Kennedy says Bitcoin can act as a bulwark in opposition to authoritarian censorship, and he’s promised to guard the best to Bitcoin if he’s elected president.
“As president, I’ll be sure that your proper to carry and use Bitcoin is inviolable. First, I’ll defend the best of self-custody of Bitcoin and different digital belongings. It is best to be capable of personal your individual non-public keys the identical as you personal the keys to your automobile or your individual pockets.”
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