Robert Kennedy Jr. May Seek Libertarian Nomination, Joins Trump In Rejecting CBDCs
Portfolio Pulse from Mehab Qureshi
Robert F. Kennedy Jr., considering a presidential bid as a Libertarian, has joined Donald Trump in opposing central bank digital currencies (CBDCs). Kennedy Jr. has pledged to protect cryptocurrencies like Bitcoin and ensure transaction security, citing concerns over government surveillance and control. Trump, advised by Vivek Ramaswamy, has also promised to prevent federal control of finances through a CBDC. The Federal Reserve, however, has not made any concrete plans for a digital dollar, with a decision still years away.
January 29, 2024 | 5:21 am
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POSITIVE IMPACT
Robert F. Kennedy Jr. has expressed support for cryptocurrencies like Bitcoin, opposing the development of CBDCs and advocating for financial autonomy and transaction security.
Kennedy Jr.'s opposition to CBDCs and support for cryptocurrencies like Bitcoin could be seen as a positive signal for Bitcoin's value and adoption, as it aligns with the crypto community's values of financial autonomy and privacy. However, the impact may be limited as the Federal Reserve has not made any definitive moves towards a CBDC, and the presidential election outcome is uncertain.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70