My Crypto Lawyer
Independent presidential candidate Robert F. Kennedy Jr. is known for his pro-Bitcoin (BTC) and anti-CBDC (Central Bank Digital Currency) stances.
Recently, he appeared in an interview for CNBC, dropping a serious accusation against anti-Bitcoin Congress Members. When questioned about Congress Members of both parties that want to ban BTC, Robert F. Kennedy Jr. responded:
“They want it banned because they’re being paid by BlackRock and [JP] Morgan and all the big globalist banking monopolies that are making money on inflation and making money by the Fed printing money.”
– Robert F. Kennedy Jr.
Notably, the independent presidential candidate further explained that Bitcoin is an “off-ramp” for an inflationary system that maintains monopolies. Thus, these monopolies would benefit from regulatory suppression against the leading cryptocurrency.
BlackRock and JP Morgan stances on Bitcoin
However, BlackRock Inc. (NYSE: BLK) has pivoted from its previous anti-Bitcoin stance, becoming a huge public supporter of the asset. The pivot started by carving its place as one of the major shareholders of U.S.-base Bitcoin mining companies – followed by the launch of the spot BTC ETF through its subsidiary iShares.
On the other hand, JPMorgan & Chase Co. (NYSE: JPM), under Jamie Dimon’s executive leadership, has a negative bias toward Bitcoin. Interestingly, BlackRock has named JPMorgan as a lead authorized participant for its ETF.
Robert F. Kennedy Jr. believes Bitcoin’s freedom to transact is as important as freedom of speech
Further in the interview, Robert F. Kennedy Jr. revealed he still holds BTC in his portfolio. Nevertheless, explained that just investing in it is not enough. According to the independent presidential candidate, the people must be able to transact with Bitcoin to achieve more freedom.
“We need to make it transactionally available to the middle class. We need to make sure people who want to protect themselves against inflation can have this, but also that they have transactional freedom. (…) Transactional freedom is as important as freedom of speech.”
– Robert F. Kennedy Jr.
On that note, Bitcoin developers still have a lot of work to do, considering transaction fees can make the network inaccessible for most people. If not addressed by the leader, this could drive a migration for more scalable cryptocurrencies better suited for decentralized transactions and payments.
All things considered, Robert F. Kennedy Jr., direct attack against anti-Bitcoin Congress Members may create challenges for the independent presidential candidate and fuel rivalry in the political spectrum.
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