2024 US Presidential Candidate Robert F. Kennedy Jr. has called cryptocurrency the “best hedge against inflation.” Indeed, Kennedy took to X (formerly Twitter) to reiterate his advocacy of the digital asset market. In the post, he noted the importance of the asset in taking “control away from the government” and the banking system.
Additionally, RFK Jr. called the asset class an “off-ramp for our addiction to the Federal Reserve.” Finally, the Presidential hopeful closed the post by saying “Crypto equals freedom” solidifying the role that the industry would have in his overarching campaign heading into the critical election year.
Also Read: RFK Jr. Drops Democratic Bid to Run for President as Independent
US Presidential Candidate RFK Jr. Calls Crypto “Best” Inflation Hedge
This year is set to be a tremendously important one for the United States. Specifically, it will see presidential elections occur, with a plethora of important political issues at the forefront of this election cycle. Among them is the growing prevalence of cryptocurrency, and the perspective that Capitol Hill has on the asset class.
In a recent post, US presidential candidate, RFK Jr, called cryptocurrency the “best hedge against inflation.” Indeed, he discussed the importance of the freedom that the market can bring average Americans. Altogether, he described its importance in taking control away from traditional banking entities.
Also Read: RFK Jr Promises to End ‘White House War on Bitcoin’ As President
Kennedy notes that the government and banking system “uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” Moreover, he states the importance that crypto plays in creating the financial freedom necessary to counteract that reality.
RFK Jr. has not been shy about his perspective on the asset class. He has previously admitted to owing Bitcoin and has promised to advocate for BTC if he were to take over the Presidential role. In October, he stated his initial to ensure “Bitcoin is protected,” and end the White House’s attacks on the asset class.
The digital asset market is set to be a massive point of debate this election year. The ongoing discussions regarding a Central Bank Digital Currency (CBDC) have already led to strong opinions from both sides. Moreover, the election outcome should have massive ramifications for the regulatory standing of the industry in the country.