CBDC Caution from Robert Kennedy Jr.: Bitcoin Emerges as a ‘Elegant’ Transactional Liberation
Presidential candidate Robert F. Kennedy Jr. is cautioning against the implications of central bank digital currencies (CBDC), highlighting the potential threat to financial freedoms.
In a recent interview on the What Bitcoin Did podcast with Peter McCormack, Kennedy expressed concerns that CBDCs could compromise personal freedoms by enabling governments to monitor every aspect of individuals’ spending, allowing for taxation and tracking of transactions. He emphasized the risk of loss of privacy and the potential for CBDCs to be programmable, linking them to social credit scores that could grant governments the authority to restrict the use of individuals’ funds.
In contrast, Kennedy sees Bitcoin (BTC) as an “elegant solution” to safeguard transactional freedoms, emphasizing its decentralized nature and the absence of control by any entity. According to Kennedy, Bitcoin stands as a symbol of freedom, providing a secure and globally accessible means of transaction.
Clever Robot News Desk 28th November 2023
