Bitcoin, Blockchain

Robert Kennedy Jr. Says Bitcoin ISN’T Hurting the Planet

Democratic presidential hopeful Robert Kennedy Jr. has serious challenges with the thought that bitcoin is resulting in hurt to the world’s oceans and setting.

Robert Kennedy Dismisses Environmental Problems Regarding BTC

Bitcoin – primarily bitcoin mining – has been the subject of quite a few environmentalists’ wrath around the past handful of a long time. There have been lots of reviews declaring that cripto mining is carrying out irreparable damage to the planet and the method utilizes additional strength than most building nations.

Also, these types of statements have garnered aid from massive-title players like Elon Musk, the South African billionaire at the rear of successful organizations these kinds of as Tesla and SpaceX. It was not extended in the past when Musk declared that bitcoin followers could use their property to buy Tesla automobiles, however this conclusion was rescinded soon right after specified Musk abruptly became afraid of the dangers introduced by mining.

He said the only way he would permit Tesla-getting by way of bitcoin was if miners were being transparent about their strength sources and chose to go eco-friendly. Kevin O’Leary of “Shark Tank” fame also stated he would no more time invest in bitcoin mined in China offered he was anxious about the nation’s lack of environmental worries and protocols.

There have been a lot of promises that bitcoin is leading to Mom Earth to shrink again, but Robert Kennedy isn’t slipping for these age-previous arguments. He mentioned on Twitter:

At the pretty least, environmental argument really should not be utilized as [a] smokescreen to curtail flexibility to transact.

He has commented that many of these arguments are coming from those who are only anti-bitcoin and anti-trading, and they are working with alleged environmental problems to get in the way and try out to prevent people from having gain of bitcoin’s many rewards.

Due to the fact he first introduced his intentions to enter the presidential race, Kennedy has produced it crystal clear that he’s a large bitcoin admirer, and he has a lot of neat and exciting suggestions when it comes to cripto. For case in point, he lately built it clear that he wants to do away with all money gains taxes for bitcoin transactions below a sure threshold.

He’s also mentioned that he wants to back again up the U.S. dollar with commodities like bitcoin and gold. He thinks this is the primary way to do absent with inflation and the latest interest rate hikes in the United States that have prompted several persons to be shut out of matters like property ownership and the American dream.

Planning the Relatives

He’s also a bitcoin investor himself and recently mentioned that he bought as a lot of as 14 individual bitcoin models for his 7 youngsters (every single of them obtained two BTC). He stated confidently on social media:

Suitable right after the bitcoin convention, I made a decision to put my revenue in which my mouth is and acquired two bitcoins for each and every of my seven young children.

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