Former US presidential candidate Robert F. Kennedy Jr. has spoken out about how digital assets are a powerful tool to hedge against currency inflation.
Kennedy Jr. called Bitcoin the currency of freedom in a post on X (formerly Twitter) on the 16th, saying, "Bitcoin is an inflation hedger for Americans."
"It's a policy to protect the United States from the dollar's decline as the world's reserve currency and a way out of our crippling national debt."
He has long been known as a Bitcoin advocate and has spoken out about the US government debt rising by 36
Kennedy Jr. has been praising Bitcoin for its ability to ease monetary inflation, with the value of the cryptocurrency now at over 1 trillion dollars.
He revealed that he has invested most of his money in Bitcoin. In the video, he said, "I'm a big supporter of Bitcoin. A year ago, after attending another Bitcoin conference, I bought some Bitcoin at home.
"I went back to the U.S. and invested most of my fortune in Bitcoin. So I'm totally committed," Kennedy Jr. said. Kennedy Jr. has been a strong supporter of Bitcoin for many years.
He has argued that Bitcoin, a decentralized, limited-supply, neutral currency, and hard assets such as gold and silver can stabilize the falling value of the US dollar.
In July 2023, Kennedy Jr. revealed that he had gifted his children Bitcoin. He posted on Twitter
"Right after the Bitcoin conference, I received a big check. So I
"I decided to put my faith in him and bought each of my seven children two Bitcoins," he said. Meanwhile, Kennedy Jr. is running as an independent candidate for the 2024 US presidential election.
He ran for the presidency in 2016, but suspended his campaign midway through and declared his support for President Trump. He has been nominated to be Secretary of Health and Human Services in the Trump administration, which will take office on January 20 next year.
2024/11/18 11:36 KST
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