Bitcoin Proponent Robert F. Kennedy Announces Run for President of the USA

Robert F. Kennedy Jr – the nephew of former President John F. Kennedy – officially announced his candidacy for President of the States. He will run for the Democratic nomination, attempting to prevail over the current leader of the USA – Joe Biden.

Kennedy has presented himself as a supporter of Bitcoin, claiming it could offer people an “escape route” amid the financial turbulence caused by the Federal Reserve’s actions.

A BTC Fan Running for a President

The 69-year-old environmental lawyer said to the crowd that he won’t be “an ideal presidential candidate.” Nonetheless, he vowed to end the corruption and “corporate feudalism” that remain an obstacle in the world’s strongest economy.

Kennedy – the nephew of John F. Kennedy (assassinated in 1963) and son of Robert Kennedy (who was also shot in 1968) – has been the face of numerous provocative campaigns over the past few years. For one, he is a fierce critic of the COVID-19 vaccination program and an opponent of nuclear power.

He recently claimed that the US Federal Reserve had partnered with multiple banking institutions between 2008-2022 to print a colossal amount of money. In his view, the policy could cause an additional financial imbalance in the future, pointing out Bitcoin as an asset that could serve as a lifeboat to Americans:

“Cryptocurrencies like Bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts. So the White House is colluding with the banksters to keep us all trapped in the bubble of profiteering and control.”

Kennedy also thinks the reigning President – Joe Biden – has “weaponized” the DOJ, the FDIC, and other agencies to force some banks to cease operations with crypto organizations at the end of 2022.

Recall that the nation recently witnessed the collapse of the well-known Silicon Valley Bank (SVB), Silvergate Capital, and Signature Bank. They all served numerous crypto clients and triggered severe losses to investors.

What are his Chances?

Despite being considered an underdog, many experts believe JFK’s nephew might beat the odds in the elections next year. One of his supporters – Ross Elakman – thinks he is the right choice for America, describing Biden and Trump as “ineffectual:”

“Biden has been ineffectual, Trump was ineffectual, and this guy tells the truth.”

Research conducted shortly after Kennedy displayed plans to run for President estimated that he has the support of 14% of the people who backed Joe Biden in 2020. Furthermore, only 67% of those who voted for the current leader would do so in 2024.

It is worth noting that Kennedy would not be the first pro-bitcoin political leader globally (should he succeed in the elections). One notable example is El Salvador’s President – Nayib Bukele – whose administration declared the asset legal tender in 2021. 

Under his rule, the government purchased BTC on a macroeconomic level and announced countless initiatives that involve the coin.