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Crypto News

U.S. Presidential Candidate Robert Kennedy Jr. Calls Bitcoin An Exit Strategy From The U.S. Debt Bubble

Author

Jay Solano

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Reading time

1 min
Last update

Author

Jay Solano

Tags

Reading time

1 min
Last update

Author

Jay Solano

Tags

Reading time

1 min
Last update

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Robert F. Kennedy Jr., a U.S. presidential candidate, considers that Bitcoin (BTC) and other cryptocurrencies can administer people get out of a financial system he calls “a bubble.”

Kennedy, who recently declared his intent to run for president as a Democrat in 2024, said that the Biden Administration was firing hostile broadsides against cryptocurrencies.

Kennedy expressed concern over the partnership between the Federal Reserve and big banks in printing $10 trillion between 2008-2022, which he deemed a bonanza for the Banksters. 

He also stated that cryptocurrencies like Bitcoin provide the public with an escape route from the potential negative effects of this bubble. Kennedy went on to claim that the White House was working in collusion with the banksters to prevent individuals from escaping the bubble of profiteering and control.

According to recent news, the environmental lawyer has expressed concerns that the introduction of a central bank digital currency (CBDC) in the U.S. could lead to financial slavery and political tyranny.

The Federal Reserve will initiate FedNow, its new digital payment and settlement service, in July.

The Federal Reserve says that the FedNow Service will let individuals and companies send and receive instant payments at any time. The Fed did not state whether they intend to use CBDCs for payment processing.

The Biden Administration is looking into whether or not CBDCs could be used to make digital dollars.