Robert F. Kennedy Jr. Declares Bitcoin the Ultimate 'Currency of Freedom' Amidst National Debt Crisis

Summary:

Robert F. Kennedy Jr. calls Bitcoin the currency of freedom and a hedge against inflation.
He endorses Howard Lutnik as Treasury Secretary, believing he will advocate for Bitcoin.
Kennedy previously proposed accumulating Bitcoin to match the U.S. gold reserves.
He argues that cryptocurrency should be treated as a currency for everyday use.
Bitcoin is currently priced at $90,653.00, up 0.69% in 24 hours.

Bitcoin: The Currency of Freedom

Former presidential candidate Robert F. Kennedy Jr. has recently made headlines by describing Bitcoin (BTC) as a crucial solution to the United States' national debt and a protective measure against inflation. Kennedy took to X (formerly Twitter) to voice his support, stating:

"Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a remedy against the dollar's downgrade from the world's reserve currency, and the offramp from a ruinous national debt."

Support for Treasury Secretary Pick

In addition to his praise for Bitcoin, Kennedy endorsed Howard Lutnik, CEO of Cantor Fitzgerald, as the ideal Treasury Secretary under a potential Donald Trump administration. He believes Lutnik would be a strong advocate for Bitcoin and its integration into the financial system.

Advocacy for Bitcoin

Kennedy's support for Bitcoin isn't new; during his presidential campaign, he suggested that the federal government should accumulate Bitcoin until its holdings matched the nation's gold reserves. He has also expressed the view that cryptocurrency should be recognized as a currency rather than being taxed as capital gains, advocating for its use in everyday transactions.

Political Landscape

With Trump announcing that Kennedy will serve as the Secretary of Health and Human Services, the incoming administration is expected to include several pro-Bitcoin voices. Alongside Kennedy, Matt Gaetz, nominated for attorney general, has previously proposed collecting federal income taxes in Bitcoin.