In a recent tweet thread, Robert Kennedy Jr., who announced his intention to contest against President Joe Biden for the Democratic nomination in the upcoming presidential elections, expressed his strong support for cryptocurrencies and the underlying technology. He voiced his concern over the Biden administration’s proposal to impose a 30% tax on cryptocurrency mining, arguing that it would stifle innovation and push the industry to other countries.
Kennedy acknowledged that the energy consumption associated with cryptocurrency mining is a concern, but he argued that it is often overstated. He pointed out that bitcoin mining uses approximately the same amount of energy as video gaming, an industry that hasn’t faced similar calls for a ban or heavy regulation. Kennedy suggested that the environmental argument against cryptocurrencies is selectively used as a pretext to suppress technologies that challenge the power structures held by traditional elites.
Addressing concerns over the potential use of cryptocurrencies by criminals, Kennedy argued that privacy should not be viewed as a privilege reserved for law-abiding citizens. He emphasized that dissidents and ordinary citizens alike require privacy to protect their freedoms, particularly given the current lack of trust in government institutions. Kennedy maintained that both cash and cryptocurrencies are essential to ensuring these freedoms.
In the same thread, Kennedy also shared his views on Biden’s announcement for re-election, highlighting their significant disagreements on key issues such as corporate influence in government, censorship, civil liberties, poverty, corruption, and war policy. Kennedy expressed his eagerness to engage in debates and town hall meetings with Biden, advocating for a new era of respectful dialogue during these divisive times.
