Democrat US presidential candidate Robert F. Kennedy Jr. thinks Bitcoin (BTC) is the “perfect base currency.”
In a recent interview with TheStreet Crypto, Kennedy, who announced last month that he is running in the 2024 presidential campaign as a Democrat, says there needs to be “exit ramps” like crypto assets that allow Americans to avoid central bank-induced inflation.
“[Bitcoin is] the perfect base currency, because there’s a finite amount of it… The Bitcoin that exists on the Earth is infinitely divisible, so it’s kind of the perfect currency – it has an intrinsic value and it gives people a way out.”
Kennedy, who says he isn’t a Bitcoin investor, noted that the foundation of BTC is trust.
“And nobody can manipulate it. There’s no human being that can manipulate it. What happens with Bitcoin is very, very democratic. It’s all decided by all the miners in a democratic way and by algorithms that can’t be manipulated.”
Kennedy also criticized the crypto regulatory approach of the Securities and Exchange Commission (SEC), arguing the regulator hasn’t been transparent.
The environmental lawyer spoke at the Bitcoin 2023 Conference in Miami earlier this month and announced that his presidential campaign will be the first in American history to accept BTC donations.
Kennedy says Bitcoin can act as a bulwark against authoritarian censorship, and he’s promised to protect the right to Bitcoin if he’s elected president.
“As president, I will make sure that your right to hold and use Bitcoin is inviolable. First, I will defend the right of self-custody of Bitcoin and other digital assets. You should be able to own your own private keys the same as you own the keys to your car or your own wallet.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Credit: Source link
