JAKARTA - Robert F. Kennedy Jr., the nephew of former United States President John F. Kennedy, who also ran for a candidate from the Democratic Party in the 2024 presidential election, criticized the Federal Reserve's policy of being judged responsible for its worrying financial condition. Kennedy believes that cryptocurrencies such as bitcoin can be a "saving rifle" for individuals when the economic bubble eventually explodes.
In a recent tweet on social media, Kennedy claims that the Federal Reserve has teamed up with a number of leading banking institutions between 2008-2022 to print a huge amount of money, which could trigger additional monetary imbalances in the future. According to him, this policy contributes to the current unstable financial condition, and bitcoin could be an alternative for the public to protect the value of their wealth when the crisis occurs.
"Crypto like Bitcoin provides a route out to people from the spark zone when this economic bubble finally explodes. So the White House conspired with the bankster to get us all caught in a bubble of profit and control," Kennedy said in a tweet.
Robert F. Kennedy Jr., known as a persistent COVID-19 vaccine critic, a vocal environmental activist, and opponents of nuclear power, has also criticized ruling President Joe Biden for the use of the Department of Justice (DOJ), Federal Deposit Insurance Corporation (FDIC), and other agencies to force banks to stop operations to cryptocurrency entities by the end of last year.
Recently, the collapse of several well-known banks in Silicon Valley such as Silvergate Capital and Signature Bank, which serve several cryptocurrency clients, has rocked the United States' banking system and caused significant losses to investors.
In addition, Kennedy also opposes the digital dollar's potential launch proposed by the United States government, claiming that the government could use the digital currency as an "ultimative mechanism for social surveillance and control."
This controversial statement by Robert F. Kennedy Jr. sparked debate among economic and political observers, especially in the face of the volatile global financial conditions and the development of cryptocurrency technology. Even so, Kennedy's view of bitcoin is an alternative for society to protect their wealth in the face of economic turmoil that may be in the spotlight in itself.
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