Robert F. Kennedy Jr. Discusses Crypto as an Effective Hedge Against Inflation at ETHDenver

US Presidential Candidate Robert F. Kennedy Jr. has praised cryptocurrencies as the most effective protection against inflation.

In a recent conversation with Caitlin Long, founder and CEO of Custodia Bank at ETHDenver, Kennedy stated that cryptocurrencies restore autonomy from both governmental and monopolistic entities, providing numerous freedoms to individuals.

“Among the freedoms we are concerned about is the right to retain the rewards of your labor, which inflation takes away,” he remarked.

The Presidential Candidate further noted that cryptocurrencies offer the most reliable safeguard against inflation, ensuring individuals’ financial security.

There has been an increasing interest and acceptance of cryptocurrencies as a protective measure against inflation, especially in nations experiencing high inflation rates.

Crypto Acts as an Offramp from Money Printing Dependency

During the discussion, Kennedy also conveyed his growing awareness that cryptocurrencies function as an offramp from society’s reliance on the Federal Reserve’s money printing and the monopolistic banking framework.

He pointed out how these systems have financed wars and sustained a cycle that enriches a new oligarchy of billionaires while leaving the broader population in poverty.

“Transactional freedom is as crucial to a free society as the assurances of freedom of expression,” he stated.

Kennedy underscored that just as the First Amendment guarantees freedom of expression, the capacity to conduct transactions freely is equally essential.

He contended that if the government had the power to close an individual’s bank account and strip them of financial resources based on differing viewpoints, the core of the First Amendment would be rendered void.

This insight, along with the trucker’s strike in Ottawa, ignited Kennedy’s interest in cryptocurrencies and alternative currencies as a way to bypass government oversight.

US Government is Conducting a Campaign Against Crypto

Kennedy expressed apprehensions regarding the federal government’s current approach to cryptocurrencies, characterizing it as a campaign against this innovative technology.

He criticized the government’s attempts to suppress innovation, ultimately pushing cryptocurrency operations to relocate to Asia and parts of Europe.

As a presidential candidate, Kennedy pledged to establish the United States as the global center for cryptocurrency and blockchain innovation, creating an environment that encourages advancement in these transformative sectors.

Notably, digital assets have already become a campaign topic for Republican Party presidential candidates.

Florida Governor Ron DeSantis, who later exited the race, voiced opposition to central bank digital currencies in the United States.

Former President Donald Trump has even promised to block the introduction of a digital dollar if he is reelected.

In a recent interview, he described the idea of a central bank digital currency (CBDC) as a “very dangerous thing.”

As reported, around 73% of US voters believe that US presidential candidates should possess an informed understanding of innovative technologies such as artificial intelligence (AI) and cryptocurrency.

Similarly, a recent report from Coinbase indicated that California voters who own cryptocurrencies are anticipated to have a considerable influence on the 2024 elections.

It stated that 78% of crypto holders in the state believe that policymakers should endorse “new, innovative, and disruptive technologies” and express their intention to support candidates who share these views.

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