Kennedy Jr.: Bitcoin will save the U.S. from external national debt
Robert Kennedy Jr., the nephew of former U.S. President John Kennedy, stated that Bitcoin is the best tool against the decline of the U.S. dollar's status as the world's reserve currency, and it could be a salvation from the growing national debt. He expressed this on his social media.
Kennedy Jr. voiced support for Howard Lutnick, who is expected to be appointed Secretary of the Treasury in the new Trump administration, asserting that the CEO of the financial company Cantor Fitzgerald is a leading advocate for Bitcoin.
"Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a means to strengthen the dollar as the world's reserve currency, and a salvation from destructive national debt. There will be no stronger defender of Bitcoin than Howard Lutnick," Kennedy Jr. wrote in his microblog.
According to the politician, cryptocurrency takes away from the government and banking system the monopoly on control over money, thereby redistributing wealth not only among billionaires but also among ordinary citizens. He also suggested that small transactions in BTC be exempt from taxes to protect the already overburdened middle class.
