US presidential candidate Robert F. Kennedy Jr. thinks Bitcoin (BTC) and other cryptocurrencies can help the public escape a financial system he calls “a bubble.”
Kennedy, who recently announced that he is running in the 2024 presidential campaign as a Democrat, accused the Biden Administration of launching “hostile broadsides” against cryptocurrencies.
“Between 2008-22, the Fed partnered with a handful of big banks to print $10 trillion — ten centuries of wealth in 15 years — a bonanza for the Banksters.
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.”
The environmental lawyer has also made headlines recently for saying the development of a central bank digital currency (CBDC) in the US would “grease the slippery slope to financial slavery and political tyranny.”
The Federal Reserve plans to launch its new digital payment and settlement service, FedNow, in July.
According to the Federal Reserve, the FedNow Service aims to enable businesses and individuals to send and receive instant payments anytime. However, the Fed did not say that they plan to use CBDCs to process payments.
The Biden Administration is currently exploring the possibility of using CBDCs to issue digital dollars.
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