In what may be a defining moment for the intersection of politics and cryptocurrencies, Robert F. Kennedy Jr., often referred to as RFK Jr., has declared his intention to run as an independent candidate in the upcoming U.S. Presidential Race. Underpinning his campaign is an openly pro-cryptocurrency stance, formulated to make America the global hub of cryptocurrency, with a particular emphasis on Bitcoin.
Kennedy announced this strategic shift at a rally in Philadelphia, a surprising turn, considering his traditional alignment with the Democratic Party. This move isn’t without its plausible justifications. His Super PAC, American Values 2024, has released polling data suggesting Kennedy could have the support of 19% of the electorate, despite lagging behind current U.S. President Joe Biden and former President Donald Trump.
Projected as one of his most substantial campaign objectives, Kennedy aims to back the USD with what he considers “hard currency,” including gold, silver, platinum, and Bitcoin. In this new world order, Bitcoin’s recognized status as a reliable and safe store of value appears destined to give the crypto market a major boost.
RFK Jr. is also a known critic of the Federal Reserve’s FedNow instant payment system. In his perspective, FedNow shares suspicious similarities with a central bank digital currency (CBDC), raising concerns about potential financial slavery and political repression.
The cryptocurrency views of RFK Jr., resonate with those of another political stalwart, Republican presidential hopeful and Florida governor, Ron DeSantis. Both express skepticism for FedNow and CBDC, while consistently voicing support for Bitcoin.
However, considering Biden and Trump are currently leading the polls for their respective parties, there’s a possibility that the next president could be a crypto skeptic, favoring the implementation of a CBDC, despite suggestions from within the industry that cryptocurrency might emerge as a decisive issue in the 2024 presidential elections.
It’s an interesting time for politics and the world of cryptocurrency. Whether or not Kennedy’s shift to a pro-crypto position as an independent candidate will be a game-changer in the U.S. presidential race remains a matter of speculation. Nevertheless, should his currency plans materialize, America’s position within the global crypto landscape, and indeed, the fate of Bitcoin itself, could be radically transformed.