Robert F. Kennedy Jr. Advocates For Bitcoin As A Hedge Against Inflation

According to Cointelegraph, Robert F. Kennedy Jr. has once again drawn attention with his remarks about Bitcoin, claiming he has invested a significant portion of his wealth into the cryptocurrency. The former presidential candidate described Bitcoin as the "Currency of Freedom" in a recent online post, emphasizing its potential as a hedge against currency inflation. In a resurfaced video, Kennedy expressed his strong support for Bitcoin, stating, "I'm a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I'm fully committed." Kennedy has been a vocal advocate for Bitcoin over the years, arguing that decentralized, supply-capped currencies like Bitcoin, along with other hard assets such as gold and silver, could help stabilize the US dollar against devaluation. His support for Bitcoin is not new; in July 2023, he revealed that he had purchased Bitcoin for each of his children. During a Twitter Spaces event, Kennedy shared, "Right after that Bitcoin conference, I got a big check, and I said I'm going to put my money where my mouth is, so I bought two Bitcoin for every one of my seven children." In April 2024, Kennedy proposed placing the entire US fiscal budget onchain to enhance transparency and government accountability. At the Bitcoin 2024 event in Nashville, Tennessee, he pledged to establish a Bitcoin strategic reserve if elected President and committed to signing an executive order to transfer the US government's substantial Bitcoin holdings to the Federal Reserve. In a July 2024 interview with Cointelegraph editor Sam Bourgi, Kennedy emphasized that Bitcoin could secure the US dollar's status as a reserve currency. He described Bitcoin as "inevitable" and stressed the need for the country to gain some control over Bitcoin as part of a reserve strategy.