RFK Jr. Emphasizes Bitcoin Use As ‘A Cyber Defense System’ During Bitcoin Conference Remarks

3 months ago

During the 2024 Bitcoin Conference, on Friday, in Nashville, Tennessee, Independent presidential candidate RFK Jr. delivered remarks on the defense capabilities of Bitcoin.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:00Bitcoin is a paradise of money. In fact, it is a cyber defense system that will protect our online identities and data in cyberspace.

00:19Just as we have air force to protect our skies and navy to protect our seas, Bitcoin can protect us.

00:27Against potential cyber attacks. It is a cyber defense weapon and a classic example of unrecognized use.

00:40Here is an analysis example. The Chinese have had a gunpowder and they used it as medicine for 200 years.

00:49For other countries to recognize that it was the most potent tool for power protection.

00:55They blindly assume that Bitcoin is money.

00:59But Bitcoin is also a power protection weapon that can protect our currency and everything that we do online from cyber attacks.

01:08The first country that recognizes this function will be the new global superpower.

01:20We need to have the brains and harness Bitcoin's full potential if we want to regain and consolidate our title as the leader of the free world.

01:34Based on public information, the USA currently owns 204,000 Bitcoins.

01:40The fifth largest Bitcoin holder in the world. Adding Bitcoin to that leader will help the future of the United States in the next 150 years.

01:50One of my first hires in the Kennedy administration would be Major Lowry.

01:57As my top...

02:04As my top pilot for my national security team.

02:08Another important use of Bitcoin for America and the world is one that is dear to my heart.

02:14Capturing carbon and sanitizing green energy production through Bitcoin mining.

02:20I served 40 years as an environmental champion and for a decade as a partner in the green tech travel firm.

02:29It's the number one green tech energy and technology firm in the world.

02:35I played key roles in the development of the world's largest solar and wind power generation projects.

02:43Critics of Bitcoin have wrongly cast it as an environmental threat because it's a high-energy plant.

02:51The opposite, of course, is true.

02:54Bitcoin miners are more sensitive to energy pricing than any other industry.

02:59This means that they can only survive in marketplaces when utilized to achieve this energy and that environment needs.

03:06Waste energy and surplus power.

03:10For example, methane from landfills can otherwise go in the atmosphere.

03:14But Bitcoin miners are uniquely able to harness it as an energy source.

03:19Bitcoin mining is also the ideal partner for renewable energy and variable power projects like wind and solar.

03:27My personal experience in an energy project finance left me with a deep appreciation for the critical potential...

03:36...for Bitcoin mining to be a viable profit center for renewable energy projects.

03:42Flexible, on-site, off-the-customers for intermittent energy generation.

03:48In order to get finance, Bitcoin miners are the ideal partners for these kinds of projects.

03:56All right. Let's lean into some of the other ways that Bitcoin is good for Americans and for America.

04:04President Nixon took us off the gold standard in 1971.

04:08The finance of the enormer.

04:11Since then, our personal power has been at a precipice in decline.

04:15Eroding savings and the earnings of everyday Americans.

04:19Hal Greenspan, who was the chair of Fed for 20 years, even warned that, quote,

04:26In the absence of the gold standard, there is no way to prevent savings and confiscation through inflation.

04:34And it will. Inflation, as we all know, is theft.

04:38And it's almost always theft from the poor.

RFK Jr. Emphasizes Bitcoin Use As ‘A Cyber Defense System’ During Bitcoin Conference Remarks

Category

Transcript

Recommended