Robert F. Kennedy Jr.: CBDCs Are Instruments of Oppression

Robert F. Kennedy Jr., a presidential candidate, has expressed his position on central banking digital currencies (CBDCs) and his support for Bitcoin (BTC).

During an interview with the New York Post, the nephew of the former President John F. Kennedy stated that he would implement policies that would protect Americans’ freedom to use Bitcoin if elected.

“I will make sure that we have policies that support Bitcoin and the freedom to transact and that allow individuals to manage their own Bitcoin wallets, nodes, and passwords. I will allow only the narrowest controls that are necessary to prevent money laundering.”

Kennedy also says that should he become the next US president, he would stand against the development of a CBDC.

“I oppose central bank digital currencies because they are instruments of control and oppression, and are certain to be abused.”

Kennedy, a prominent opponent of the U.S. Securities and Exchange Commission’s (SEC) stance on cryptocurrency, has expressed his belief that Bitcoin may provide a possible solution for those seeking an escape from an inequitable financial structure.

“[Bitcoin is] the perfect base currency, because there’s a finite amount of it… The Bitcoin that exists on Earth is infinitely divisible, so it’s kind of the perfect currency – it has an intrinsic value, and it gives people a way out…”

He continued and said this:

“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…”

At the moment of writing this article, Bitcoin is trading in the red, and the king coin is priced at $30,521.

An esteemed on-chain analyst, Willy Woo, has suggested that Bitcoin (BTC) may have further growth potential following its recent breakthrough of the $30,000 mark. Woo has shared with his one million Twitter followers that he is closely monitoring Bitcoin’s fundamental strength indicator, which tracks 17 key technical and fundamental indicators.