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Robert F. Kennedy Jr.’s presidential bid could lead to greater Bitcoin adoption


 Environmental lawyer Robert F. Kennedy Jr. has filed paperwork with the Federal Election Commission to run for president in 2024 as a Democrat, with the filing confirmed on Wednesday, April 5, by his campaign treasurer, John E. Sullivan.

This announcement of his presidential bid made news in the cryptocurrency space after Kennedy Jr. made a strong statement regarding the potential dangers of central bank digital currencies (CBDCs) on Twitter on the same date. Notably, the Federal Reserve (Fed) announced it could introduce its “FedNow” CBDC in July, which Kennedy Jr. warns could lead to ‘financial slavery and political tyranny.’

According to the 69-year-old, CBDCs would allow the government to surveil all private financial affairs, limiting where individuals can send money and where they can spend it. This could even extend to the expiration of money, which could be used to enforce government policies, such as vaccine mandates.

Kennedy suggests that a CBDC tied to a digital ID and social credit score could allow the government to freeze assets or restrict spending to approved vendors for those who fail to comply with arbitrary diktats. He thus warns that this could be ‘the first step towards banning and seizing Bitcoin (BTC),’ similar to what the Treasury did with gold in 1933.

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