Bitrabo Editorial
Robert F. Kennedy Jr., a Democratic candidate for president of the United States and an advocate for Bitcoin, has received full support from Jack Dorsey, the CEO of Block, Inc. and founder of Twitter.
As the nephew of former U.S. President John F. Kennedy, Kennedy Jr. strongly supports Bitcoin, believing it to be a means of promoting democracy. He recently made a speech at the Bitcoin Miami Conference stating that he is willing to accept Bitcoin donations for his campaign.
Twitter founder and current Block Inc. CEO, Jack Dorsey. Image: Bloomberg
Jack Dorsey Sparks Debate With Polarizing Endorsement
Dorsey expressed his support for Kennedy Jr. after the release of an interview in which Kennedy Jr. argued that he could beat Trump and DeSantis in the upcoming presidential race. Dorsey’s statement on Twitter, “He can and will,” caused a stir and sparked debate about whether this was an endorsement or a prediction, to which Dorsey replied “both.” When Kennedy Jr.’s controversial positions were brought up, Dorsey defended him by stating that his “voice is a super power and set him apart.”
It is worth noting that Kennedy Jr. has received significant criticism for his stance on vaccines and has been identified as one of the key figures responsible for spreading a substantial amount of COVID-19 misinformation online, as indicated by a report from the Center for Countering Digital Hate (CCDH). Regardless, Dorsey’s endorsement of Kennedy Jr. remains strong.
BTCUSD currently trades at $26,783 as of today. Chart: TradingView.com
A Champion For Bitcoin
In contrast to some senators and regulators, who dismiss Bitcoin as a tool for illicit activities, Kennedy Jr. views Bitcoin as an innovation engine rather than a favored casino chip of drug cartels. Also, he has been critical of Central Bank Digital Currencies (CBDCs), arguing that they could amplify the government’s control and stifle dissent by granting them the power to cut off access to funds.
Kennedy Jr.’s support for cryptocurrencies was evident when he criticized the Biden administration’s proposed tax on crypto mining as a “bad idea” and stated that the energy consumption in mining is somewhat exaggerated.
As the presidential race heats up, Kennedy Jr.’s pro-crypto stance and willingness to challenge existing narratives on regulations and taxes may attract both supporters and detractors.
-Featured image, Robert F. Kennedy Jr, from Brian Snyder/Reuters