Robert F. Kennedy Jr has described Bitcoin as the tool of freedom for middle-class Americans. The front-runner to become the United States health secretary said those who fall into this bracket can use the asset to fight inflation. He also sees it as a currency that provides Americans with financial independence.
Robert F. Kennedy Jr said that Bitcoin could stand in the gap as the remedy for the current dollar’s fall as a reserve currency. He also noted that it could also help countries tackle their national debt. Kennedy Jr also revealed that Howard Lutnick, a Bitcoin advocate, is the best candidate to be the United States treasury secretary ahead of Scott Bessent.
Bitcoin will give middle-class Americans an advantage
Robert F. Kennedy Jr revealed his opinion about Bitcoin on his X handle, following the asset’s sporadic rise over the last few days. This is not the first time he has backed Bitcoin as his preferred currency, showing how avid his support for the asset is. During the Bitcoin Conference held earlier this year, he noted that Bitcoin is a technology that provides transparency, and freedom, among other impressive qualities.
He explained that Bitcoin provides the needed advantage for middle-class Americans in an economy that has not given them a fighting chance. Additionally, he wants a regulation to exempt small Bitcoin transactions from taxes to help the overburdened class in America.
Kennedy Jr notes that Bitcoin puts everybody on a level playing field, unlike the traditional financial institutions. He added that the asset gives control to individuals compared to governments while prohibiting wealth from being shifted from the regular Americans to the rich ones.
He claims he is pleased with Donald Trump’s commitment to Bitcoin and the wider crypto market. He also revealed that in May, he purchased 21 BTC for himself and bought three for each of his children.
Kennedy Jr tips Lutnick to land the US treasury secretary job
In his post, Robert F. Kennedy Jr said he wants Lutnick to land the US treasury secretary job ahead of Bessent, noting that he would be a better appointment. The post was a reply to Bass, who had mentioned that Bessent was the right candidate to land the coveted position at the United States Treasury.
Bitcoin is the currency of freedom , a hedge against inflation for middle class Americans,a remedy against the dollar’s downgrade from the world’s reserve currency, and the offramp from a ruinous national debt. Bitcoin will have no stronger advocate than Howard Lutnik.
— Robert F. Kennedy Jr (@RobertKennedyJr) November 16, 2024
Bass mentioned that aside from Bessent being the better candidate due to their interaction, the market is tipping him to land the job when the announcement is made. He noted that Lutnick would not be Trump’s best pick at this point due to Bessent having an edge via his understanding of geopolitics, market, people, and economics.
Kennedy Jr countered the argument, noting that Lutnick is in a better position to support Trump’s policies better. He said the Cantor and Fitzgerald CEO speaks and understands crypto and the general industry, giving him an edge in the race. Similarly, the Bitcoin Conference official handle is also backing Lutnick to land the job, hoping to invite him to their next event in Las Vegas next year.
X CEO Elon Musk also shared his views on the race between the two candidates, noting that appointing Bessent will be business as usual. Musk shares Kennedy Jr’s sentiments, noting that America needs real change with the country already going bankrupt with the business-as-usual approach. Robert F. Kennedy Jr hopes to champion Lutnick’s candidacy to help him win the race.
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