U.S. Presidential candidate Robert Kennedy Jr., a vocal supporter of Bitcoin BTC/USD, expressed his optimism for the usefulness of blockchain technology.
What Happened: Kennedy Jr., on Tuesday said, "the blockchain technology that’s coming out of Bitcoin will be very useful."
He lauded the free speech agenda of Twitter owner Elon Musk, and founder and Block Inc CEO Jack Dorsey.
In an interview with the YouTube channel Breaking Points, Kennedy said his admiration for the passion and dedication of both entrepreneurs towards democracy and free speech, saying, “I find Musk and Dorsey incredibly patriotic and committed to democracy.”
Kennedy recalled a conversation he had with Musk, explaining the billionaire’s willingness to take a financial hit in his bid to maintain a censorship-free social media platform. “He lost billions of dollars,” Kennedy said, “but he stated that it’s worth every penny that I lose, because we need free speech in America. If we don’t have free speech in America, we don’t have democracy in America. And if we don’t have democracy in America, it’s the end of the world."
Kennedy said Musk and Dorsey are "going to be good allies for him."
Discussing the current media landscape, Kennedy expressed his disappointment in the apparently broken promises of social media platforms to democratize communication worldwide, branding them instead as “instruments of totalitarian control.”
He drew attention to the potential for blockchain technology, such as that being developed by projects like Nostr and Bitcoin, to help create censorship-proof social media sites. "Figuring out how to make censorship proof, social media sites, and they’re doing that with Nostr. Some of this blockchain technology that’s coming out of Bitcoin will be very useful."
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Why It Matters: This comes a day after Dorsey on Monday reiterated his support for Kennedy Jr., a Democratic presidential candidate.
Dorsey broke his silence on his surprising endorsement for Kennedy, stating that the candidate is dedicated to achieving peace and ending ongoing wars.
Block Inc generates Bitcoin revenue when it buys and then sells BTC to its customers, through its Cash App.
Price Action: At the time of writing, BTC was trading at $26,025, down 0.14% in the last 24 hours, according to Benzinga Pro.
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