Robert F. Kennedy Jr., in his campaign for the Democrat Party nomination for President, has publicly pledged his support for the public use of Bitcoin, if he is elected to the Presidency in 2024. Speaking in an interview with the New York Post that was published on Thursday, Kennedy said he believes people should be allowed to use the digital currency freely.
At the same time, he voiced his opposition to so-called central bank digital currencies (CBDCs), “because they are instruments of control and oppression, and are certain to be abused.”
However with respect to cryptocurrencies, he said, “I will make sure that we have policies that support Bitcoin and the freedom to transact and that will allow individuals to manage their own Bitcoin wallets, nodes, and passwords. I will allow only the narrowest controls that are necessary to prevent money laundering.”
Last month, Kennedy Jr. received the first-ever campaign contributions made to a Presidential candidate in Bitcoin. The 69-year-old candidate said in a statement that he was “an ardent and lifelong defender of civil liberties and Bitcoin is both an exercise and a guarantee of those freedoms.”
At first considered a fringe candidate, Kennedy Jr. has seen his popularity skyrocket. In under two months, his popularity has driven him to win 20% of the support among Democrats, compared to incumbent President Joe Biden’s 60% support in the race for the nomination.
Bitcoin surged Friday to its highest level for the year, rising to over $31,400 per coin.