- Bitcoin is receiving increased attention in U.S. politics.
- Kennedy has again reiterated his support for Bitcoin.
- The presidential hopeful is set to kick off his campaign at Bitcoin Miami.
For better or worse, cryptocurrencies are getting increased attention in United States politics, further driven by the unlikely support of some presidential hopefuls.
One such candidate, Robert F. Kennedy Jr., recently reiterated his support for Bitcoin, the #1 crypto by market cap.
Kennedy Likens Bitcoin to a Democratic Exercise
Kennedy has recently reiterated his support for Bitcoin, in a speech at Bitcoin Miami on Thursday, May 18, that has made the rounds on crypto Twitter. According to the Democratic presidential candidate, Bitcoin is more than a currency.
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“Everybody is so passionate about Bitcoin, not just because it’s a currency but because it’s an exercise in democracy,” Kennedy asserted.
The presidential hopeful further promised that if elected, Bitcoin users would not have to worry about the government seeking to monitor how their Bitcoin is spent.
"Nobody's going to be taxing your electricity 30%," he added in a subliminal jab at President Joe Biden's proposed crypto mining tax.
Kennedy suggested that he wants the crypto space to grow in America, something industry leaders are pessimistic about, given the current regulatory landscape.
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Kennedy’s statements against central bank digital currencies (CBDCs) and in defense of Bitcoin against Biden’s proposed 30% tax on crypto mining have endeared him to the crypto community. Still, doubt remains whether his vocal support for Bitcoin is a ploy to achieve his political goals.
The presidential hopeful is nonetheless scheduled to make his campaign debut with a keynote speech at the Bitcoin Miami Conference on Friday, May 19.
On the Flipside
- Kennedy’s views on cryptocurrency oppose those of several of his party members but align with Republican presidential hopeful Ron DeSantis.
Why This Matters
Even if they turn out to be insincere, Kennedy’s statements highlight the crypto community’s growing influence as politicians now feel the need to pander to them.
Read this to learn more about Kennedy’s vocal support for Bitcoin:
“Bad Idea”: Biden’s Crypto Tax Bashed by Presidential Candidate
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