The post Robert F. Kennedy Jr. blasts inflation as ‘government theft’ appeared on BitcoinEthereumNews.com.

United States Independent presidential candidate Robert F. Kennedy Jr. has blasted the government for allegedly profiting from inflation while highlighting the role cryptocurrencies can play in the Treasury. Speaking during a roundtable session on July 25 at the 2024 Bitcoin Conference, Kennedy labeled inflation as “government theft,” which mainly impacts the middle class. The politician argued that adopting Bitcoin (BTC) offers an escape from the current inflationary environment, which he described as a “highway to hell.” He praised Bitcoin’s decentralized nature as a model for restoring democracy and personal freedom. “Bitcoin is not only an off-ramp to this inflation which is the highway to hell. It is also a way of restoring integrity to our government. It’s a way of restoring personal freedoms. It’s a way the middle class can insulate itself from inflation, which is just a form of government theft,” the presidential candidate said.  Kennedy further proposed the issuance of treasury bills anchored to a basket of hard currencies, such as platinum and gold, to combat inflation. He suggested starting with a small percentage of these hard currencies and potentially increasing the proportion over time. “I’m going to create a basket of hard currencies, maybe platinum, gold, and other hard currencies, and begin issuing at least a class of treasury bills,” he added.  Plan for Treasury to invest in Bitcoin If elected, Kennedy has expressed his intention for the federal government to invest in Bitcoin to match gold. Notably, over the years, Bitcoin has been compared to gold for its ability to store value. “I would like to have the federal government begin to buy Bitcoin and to, over my term of office, ultimately have an equivalent amount of Bitcoin that we have in gold,” he said.  It’s worth noting that throughout his campaign, Kennedy has questioned the…

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Filed under: News - @ July 25, 2024 6:18 pm