Robert F. Kennedy Jr. To Make First Appearance As U.S. Presidential Candidate At Bitcoin 2023
Disclaimer: BTC Inc. owns both The Bitcoin Conference and Bitcoin Magazine.Robert F. Kennedy Jr. is set to make his first appearance as a U.S. Presidential candidate at the Bitcoin 2023 conference in Miami, happening May...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Disclaimer: BTC Inc. owns both The Bitcoin Conference and Bitcoin Magazine.
Robert F. Kennedy Jr. is set to make his first appearance as a U.S. Presidential candidate at the Bitcoin 2023 conference in Miami, happening May 18-20. In a recent statement, Kennedy expressed his support for Bitcoin and denounced President Biden's proposed 30% tax on cryptocurrency mining, stating that it is a mistake for the U.S. government to stifle innovation in the industry.
Kennedy also addressed concerns over the environmental impact of Bitcoin mining, stating that the energy usage argument is overstated and that Bitcoin mining consumes about the same amount of energy as video games. He believes that the environmental argument is being used as a pretext to suppress anything that threatens elite power structures, including Bitcoin.
In addition, Kennedy has argued that tight control of cryptocurrencies to prevent their use by criminals is not the solution. He pointed out that dissidents and ordinary citizens also need privacy and that governments often control bank accounts and payment platforms to crush dissent. Kennedy believes that until trust is restored in government, cash and bitcoin are needed to ensure freedom.
Kennedy also spoke about the importance of having a diverse ecology of currencies, rather than just a single, centrally controlled one. He believes that just as a biodiverse ecosystem is more resilient, so too will our economy be more resilient with a diversity of currencies.
Previously, Kennedy had said that there "is a misunderstanding" from critics who claim Bitcoin's energy usage is a bad thing, and that Americans need Bitcoin "to ensure freedom."
Kennedy's support for Bitcoin and his appearance at the Bitcoin 2023 conference will likely garner attention from Bitcoin enthusiasts and the media alike. As a presidential candidate, his views on Bitcoin and its role in our economy will be closely watched in the coming months.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Coinbase will support the AERO and VELO token migration from November 2 to 4, 2026
The token migration could streamline DeFi operations, enhancing liquidity and governance across multiple blockchain networks. The...
Sazmining Launches the Wild Sats Club, a Loyalty Program That Discounts Mining Management Fees as Customer Hashrate Grows
Bitcoin Magazine Sazmining Launches the Wild Sats Club, a Loyalty Program That Discounts Mining Management Fees as Customer Hashra...
Frank Holmes: They Will Print $100 Trillion – Why to Buy Bitcoin & Gold
Bitcoin Magazine Frank Holmes: They Will Print $100 Trillion – Why to Buy Bitcoin & Gold Bitcoin miners already have the power, th...
Nico Lechuga: Bitcoin Will Revolutionize the $4T Private Equity Industry
Bitcoin Magazine Nico Lechuga: Bitcoin Will Revolutionize the $4T Private Equity Industry Traditional private equity is always on...
Cynthia Lummis doubts a crypto tax bill will pass this year
Sen. Cynthia Lummis says Finance Committee reluctance makes passing a digital asset tax bill in the lame-duck session unlikely thi...
Blockworks Makes Its Crypto Data Searchable From ChatGPT, Claude and Other AI Tools
Crypto data firm Blockworks launched a server on Thursday that brings its crypto data, covering more than 40,000 assets, into Chat...