Robert F. Kennedy Jr. Advocates Bitcoin as Solution to U.S. Debt and Inflation, Joins Trump Cabinet

Former presidential candidate Robert F. Kennedy Jr. has made some strong statements about Bitcoin (BTC/USD). He believes it's not just a cryptocurrency; he sees it as a solution to the U.S. national debt and a way to protect against inflation.

Recently, Kennedy took to social media to share his thoughts. He said, “Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a remedy against the dollar's downgrade from the world's reserve currency, and the offramp from a ruinous national debt.” Quite a bold claim, right?

He also expressed his support for Howard Lutnik as Treasury Secretary in the upcoming Donald Trump administration. Kennedy thinks that Lutnik, the CEO of Cantor Fitzgerald, will be a strong advocate for Bitcoin.

This isn’t the first time Kennedy has spoken about Bitcoin. Back in July, during his presidential campaign, he mentioned wanting the federal government to accumulate Bitcoin until its holdings matched the country’s gold reserves. He’s been clear that he believes cryptocurrency should be treated as a currency, not taxed like capital gains. Plus, he wants people to use it for everyday purchases.

In other news, President-elect Trump has announced that Kennedy will serve as the Secretary of Health and Human Services (HHS). This adds another pro-Bitcoin voice to the cabinet. Rep. Matt Gaetz from Florida has been nominated for attorney general, and Tulsi Gabbard is set to be the Director of National Intelligence.

As of now, Bitcoin is trading at $90,653.00. That’s a 0.69% increase in the last 24 hours, according to data from Benzinga Pro. It seems like Bitcoin is definitely in the spotlight!