Elon Musk recently hosted a conversational session with presidential candidate Robert F. Kennedy Jr, and surprisingly, the widely popular topic of Bitcoin and digital assets remained untouched in their discussion. Instead, the two focused primarily on artificial intelligence, social media censorship, and the handling of COVID misinformation.
Kennedy, an outspoken supporter of Bitcoin, emphasized the need for regulations surrounding AI technology, expressing concerns about its potential dangers if left unchecked. The conversation steered clear of Kennedy’s previous endorsement of Bitcoin as a democratic exercise, which he discussed during his keynote address at Bitcoin 2023 in Miami, Florida.
The lack of commentary on digital assets came amidst a lawsuit against Binance and its CEO, resulting in a setback for cryptocurrency prices. Moreover, Musk and Kennedy engaged in discussions on the U.S. dollar and Treasury bonds instead of delving into the pros and cons of cryptocurrencies.
One concern raised during the conversation was the devaluation of U.S. Treasuries, which has turned one of the world’s safest assets into one of the riskiest. Kennedy acknowledged the dwindling global faith in the U.S. credit and currency, posing threats to the dollar’s reserve currency status. He emphasized the urgent need to address the looming crisis, which could potentially lead to a cataclysm for the United States.
Additionally, Kennedy touched upon the political scenario, addressing ideological shifts within the Democratic Party and his stance on China. He stressed the need for collaboration with China, instead of adopting a hostile, military-based approach.
In the past, Kennedy has shown his inclination towards cryptocurrency-related topics. Last month, he openly criticized the idea of a central bank digital currency (CBDC), warning that a digital dollar could lead to financial slavery and political tyranny in the U.S. Despite his slim chances of winning the presidential race, Kennedy recently secured the endorsement of Twitter co-founder and current CEO of fintech firm Block, Jack Dorsey.
While cryptocurrency and blockchain enthusiasts might have expected insights into the future of digital assets market and its impact on the economy during the conversation between Musk and Kennedy, this area remained unexplored. However, we cannot overlook the fact that AI, social media censorship, and the handling of misinformation remain equally crucial subjects that demand attention, debates, and discussions as we move forward in an increasingly technology-driven world.
Source: Decrypt
