R.F. Kennedy Praises Bitcoin, Says It’s The Perfect Currency

R.F. Kennedy is praising Bitcoin and said it’s the perfect currency. Check out the latest reports about this below.

Democrat US presidential candidate Robert F. Kennedy Jr. thinks Bitcoin (BTC) is the “perfect base currency.”

In an interview with TheStreet Crypto, Kennedy, a Democratic candidate for the 2024 presidential campaign, suggested the use of “exit ramps” like cryptocurrency as a means for Americans to avoid the inflation brought about by central banks.

“[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.”

During a conversation, Kennedy stated that he does not have any investments in Bitcoin. However, he highlighted the significance of trust as the fundamental principle of BTC.

“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 shared his discontent with the way the Securities and Exchange Commission (SEC) regulates cryptocurrencies, highlighting the issue of transparency as a major concern.

According to Jurrien Timmer, the global macro director at Fidelity Investments, the fluctuating cycles of crypto assets resemble those of the tech bubble, with both experiencing periods of bullishness and bearishness.

According to Timmer, similar to how Amazon and Apple emerged as successful tech stocks during the tech bubble, the crypto industry is facing a similar situation where certain digital assets will thrive while others may not survive.

Timmer believes that Bitcoin (BTC) has the potential to become the “Apple” of the cryptocurrency market.

“Crypto’s boom-bust cycle can be compared to the dot-com bubble of the late 1990s. The internet bubble took many unqualified stocks to astronomical heights, only to see them lose most or all their value when the bubble burst.”