US presidential candidate RFK Jr. says Bitcoin is a tool to stop government overreach.

US presidential candidate RFK jr. Bitcoin is said to be a tool to prevent government overreach

Robert F. Kennedy Jr. shared his thoughts on Bitcoin and explained how it can play an important role in combating financial restrictions.

Robert F. Kennedy Jr. is an American politician, environmental lawyer, and activist who promotes anti-vaccine misinformation. He is an independent candidate for the 2024 United States presidential election, which will be held in November 2024. Kennedy supports Bitcoin and has gained great popularity and support in the cryptocurrency sector for his Bitcoin-friendly remarks.

In a fireside chat at ETHDenver 2024, Kennedy indirectly brought up discussion of the “freedom convoy” protests by Canadians opposing COVID-19 restrictions.

As we know, the Canadian government has imposed a number of restrictions on protesters and has also banned and restricted the bank accounts of protesters and their supporters. At the time, Bitcoin played an important role in Canadians’ fight against their government.

Speaking at the Freedom Convoy, Kennedy said that if the government has the power to block bank accounts, it has the power to easily enslave people.

According to the US presidential candidate, people should enjoy freedom of trade as well as freedom of expression.

Kennedy added that all these types of important things have acted as a catalyst to consider cryptocurrencies as an alternative option.

According to Kennedy, cryptocurrencies, especially Bitcoin, are the best store of value and his thoughts on Bitcoin are supported because the rich benefit greatly compared to the poor and less wealthy.

Kennedy also said that the Fed knows how to print unlimited amounts of money and use its monopoly power over the banking system, but on the contrary, Bitcoin is better as freedom.

bitcoin price action

At the time of writing this article, Bitcoin is trading at $66,692, which appears to be much more stable. This is because Bitcoin plummeted hard last day when its trading price reached $69,000 on most cryptocurrency exchanges.