PATHUGO’S BLOG

Robert F. Kennedy Jr. supports Bitcoin as a guarantor of freedoms

May 23, 2023

During the Bitcoin 2023 conference, Robert F. Kennedy Jr. made his first public appearance as a presidential candidate, sharing his personal experiences with Bitcoin and warning about the governmental totalitarianism that the technology could enable worldwide. Kennedy expressed his support for Bitcoin as an exercise and safeguard of civil liberties, promising to protect the rights of Bitcoin holders if elected president.

The Democratic presidential candidate revealed that he was first inspired by Bitcoin as a critical technology for freedom after learning how it was used to bypass financial restrictions during last year’s Canadian truckers’ protest. He cited the case of peaceful and law-abiding truckers who suddenly found themselves unable to access their money due to government restrictions, highlighting the importance of a financial system that guarantees individual freedom.

He emphasized the importance of free money for freedom as much as free expression and pledged to defend the right to self-custody of Bitcoin and other digital assets, the right to run a home node, and neutral regulation of energy use and industry.

Kennedy also affirmed his commitment to maintaining the United States as the global center for Bitcoin and other cryptocurrencies, reversing the growing government hostility towards this sector. He announced that he would carefully examine whether individuals like Ross Ulbricht, the founder of the Bitcoin-based Silk Road marketplace, were prosecuted for actual crimes or as a means to suppress cryptocurrencies, and stated that he would consider granting pardons.

Kennedy launched his candidacy for the Democratic primaries just before expressing his support for the Bitcoin industry on Twitter and announcing his participation in Bitcoin 2023. He holds public positions that differ from those of most mainstream Democrats, positioning himself as an outsider of the party. Currently, he ranks second in national polls, although significantly behind Joe Biden.

During Bitcoin 2023, Kennedy emphasized that he personally has not invested in Bitcoin and announced that his presidential campaign would be the first in history to accept donations via the Lightning Network, demonstrating his commitment to innovation and the adoption of advanced technologies.

The Bitcoin 2023 conference also saw other Bitcoin supporters, such as Senator Cynthia Lummis, who defended the cryptocurrency and emphasized the importance of protecting it, nurturing it, and allowing it to innovate in the United States. However, Congressman Patrick McHenry, Chair of the House Financial Services Committee, was unable to attend due to debt ceiling negotiations.

Despite criticisms of volatility, illicit activities, and concerns about environmental sustainability associated with Bitcoin, the support of public figures like Robert F. Kennedy Jr. can help change the narrative around cryptocurrencies. His voice could bring greater attention and discussion on the topics of financial privacy, civil liberties, and innovation in the cryptocurrency sector.

However, it is important to note that the endorsement of a public figure towards Bitcoin should not be considered an unconditional approval of all features and aspects of the cryptocurrency industry. As with any technology or financial system, there are risks and challenges to address, and appropriate regulation may be necessary to mitigate them.

In conclusion, Robert F. Kennedy Jr. has expressed his support for Bitcoin as a tool to guarantee civil liberties and has promoted innovation in the cryptocurrency sector. His participation in the Bitcoin 2023 conference and his presidential candidacy have brought attention to these crucial issues, contributing to a broader debate on the use of cryptocurrencies in contemporary society.

We all know the reliability of politicians’ statements during election campaigns, but the premises are good, and the declarations have certainly garnered the appreciation of many Bitcoiners who argue that “the enemy of my enemy is my friend.”

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