Democrat US presidential candidate Robert F. Kennedy Jr. thinks Bitcoin (BTC) is the “perfect base currency.”
In a recent interview with TheStreet Crypto, Kennedy, who announced last month that he is running in the 2024 presidential campaign as a Democrat, says there needs to be “exit ramps” like crypto assets that allow Americans to avoid central bank-induced inflation.
[adinserter block="1"]“[Bitcoin is] the perfect base currency, because there’s a finite amount of it… The Bitcoin that exists on the Earth is infinitely divisible, so it’s kind of the perfect currency – it has an intrinsic value and it gives people a way out.”
Kennedy, who says he isn’t a Bitcoin investor, noted that the foundation of BTC is trust.
“And nobody can manipulate it. There’s no human being that can manipulate it. What happens with Bitcoin is very, very democratic. It’s all decided by all the miners in a democratic way and by algorithms that can’t be manipulated.”
Kennedy also criticized the crypto regulatory approach of the Securities and Exchange Commission (SEC), arguing the regulator hasn’t been transparent.
The environmental lawyer spoke at the Bitcoin 2023 Conference in Miami earlier this month and announced that his presidential campaign will be the first in American history to accept BTC donations.
Kennedy says Bitcoin can act as a bulwark against authoritarian censorship, and he’s promised to protect the right to Bitcoin if he’s elected president.
“As president, I will make sure that your right to hold and use Bitcoin is inviolable. First, I will defend the right of self-custody of Bitcoin and other digital assets. You should be able to own your own private keys the same as you own the keys to your car or your own wallet.”
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