- Jack Dorsey, Twitter creator and Block Inc. CEO, publicly supports pro-crypto presidential candidate Robert F. Kennedy Jr., an environmental attorney and nephew of former President John F. Kennedy.
- Kennedy’s campaign embraces Bitcoin, accepting donations in BTC, and warns against central bank digital currencies as potential government tools to suppress dissent by controlling access to digital funds.
- A recent Fox News poll indicates Kennedy has already secured 16% support from Democratic primary voters, demonstrating significant traction for a challenger taking on an incumbent president.
Jack Dorsey, the mastermind behind Twitter and current leader of Block Inc., has recently thrown his weight behind pro-cryptocurrency presidential candidate Robert F. Kennedy Jr. Dorsey shared a video on social media featuring Kennedy discussing his plans to defeat prominent Republicans Ron DeSantis and Donald Trump, accompanied by the assertive caption, “He can and will.”
Robert F. Kennedy Jr., the nephew of the esteemed 35th President of the United States, John F. Kennedy, is the latest member of the renowned Kennedy political family to seek the highest office in the country. The environmental lawyer, known for his controversial vaccine views, announced his presidential bid on April 19. A significant aspect of Kennedy’s candidacy is his staunch support for cryptocurrencies. During the Bitcoin Miami Conference on May 19, he declared that his campaign would accept donations in Bitcoin (BTC), the foremost cryptocurrency.
Kennedy perceived Bitcoin as a catalyst for innovation while expressing concerns that governments could use central bank digital currencies to suppress dissent by giving authorities the power to control access to funds digitally. On May 3, Kennedy strongly objected to the Biden administration’s proposed 30% tax on energy consumption by crypto miners. He acknowledged concerns about the energy-intensive nature of mining but argued that these issues had been somewhat overstated.
A recent Fox News poll conducted on May 27 revealed that Kennedy had already garnered the support of 16% of Democratic primary voters. This level of backing is significant for any challenger taking on an incumbent president during the preparatory phase.
RFK Jr. Champions Cryptocurrency Revolution
Robert F. Kennedy Jr., a fervent supporter of cryptocurrency and blockchain technology, envisions a more equitable financial system driven by digital currencies like Bitcoin. He believes that the decentralized nature of cryptocurrencies can safeguard privacy and freedom of speech by minimizing control from banks and governments.
While endorsing Central Bank Digital Currencies (CBDCs), Kennedy sees their potential to balance government economic management with citizens’ financial autonomy. He argues that CBDCs could alleviate poverty, widen access to banking services, and stimulate economic growth in developing nations.
In a groundbreaking move, Kennedy plans to accept Bitcoin donations for his 2024 presidential campaign, marking the first instance of a US presidential candidate doing so. This bold step highlights his dedication to integrating digital currencies into mainstream society.
Kennedy’s pioneering approach toward cryptocurrencies showcases his forward-thinking mindset and adaptability to emerging technologies. By embracing digital currencies, he aims to redefine traditional financial systems while empowering individuals. As his campaign progresses, it will be intriguing to observe how the public responds to Kennedy’s innovative, crypto-friendly stance and its potential impact on the political landscape.
