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U.S. Presidential Candidate Robert Kennedy Advocates For Bitcoin As A Safe Haven

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As cryptocurrencies like Bitcoin (BTC) continue to gain popularity, some advocates suggest they could offer an escape route for the public from the dangers of financial bubbles. Among these advocates is Robert Kennedy, a US presidential candidate, who argued that Bitcoin and other cryptocurrencies operate on a decentralized network less vulnerable to market volatility and government policies.

Bitcoin As An Escape Route For Financial Bubbles

The world of finance is rapidly evolving with the advent of cryptocurrencies, and the US government, in its errant approach to the crypto industry, will launch FedNow. A real-time payment system supported by a version of a central bank digital currency (CBDC).

These digital assets have faced criticism from politicians and private entities in the U.S. Many argue that CBDCs will allow the government to abuse its power and potentially violate citizens’ privacy.

It is not merely “ideal” that major changes in policy receive specific authorization from Congress; it is constitutionally required.

Unaccountable institutions cannot impose a CBDC on Americans. They will tell us that CBDC won’t be abused but we are wise enough to know better.… https://t.co/OqJ27Lym2L

— Ron DeSantis (@GovRonDeSantis) April 10, 2023

In this context, Robert Kennedy Jr. advocates using cryptocurrencies like Bitcoin as an alternative to the traditional financial system. Kennedy suggests that cryptocurrencies offer an escape route for the public when the current “financial bubble” inevitably bursts.

Kennedy’s statements about the US government’s steps towards implementing a new CBDC. Source:

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Author: Ronaldo Marquez

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