- American Presidential Candidate, Robert F. Kennedy, reveals his plan to back the U.S. dollar to Bitcoin.
- He plans to back 1% of Issued T-bills to hard assets like Bitcoin.
- Robert F. Kennedy proposed Bitcoin-focused policies to tackle U.S. economic issues.
Democratic Presidential Candidate, Robert F. Kennedy, Shares His Bitcoin-Centered Policies
Presidential Candidate, Robert F. Kennedy, has shared his plans to back the U.S. dollar to hard assets like Bitcoin, gold, silver, or platinum if elected in 2024.
He shared his bold plans in a Heal-The-Divide PAC event on July 19th. Robert Kennedy claimed that his ambitious plans would ensure the stability of the American economy.
“Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation, and usher in a new era of American financial stability, peace, and prosperity,” Kennedy said at the event.
He stated that 1% of issued T-bills will be backed to a hard currency like Bitcoin. In addition, the outcome will determine if the allocation will be increased.
The Democratic presidential candidate also proposed his other Bitcoin-focused policies in detail. Robert F. Kennedy shared that the Bitcoin to U.S. dollar conversion will be exempted from capital gains tax.
He stated that the policy would ensure citizens’ privacy, encourage establishing more businesses in America and improve innovations.
“Non-taxable events are unreportable, and that means it will be more difficult for governments to weaponize currency against free speech, which as many of you know, is one of my principal objectives.”
The Pro-Bitcoin Presidential aspirant reiterated his commitment to implement Bitcoin-focused policies, which he shared during his debut campaign at Bitcoin 2023 Conference in May.
“As president, I will make sure that your right to hold and use Bitcoin is inviolable,” Kennedy said at the conference. “I am an ardent defender and lifelong defender of civil liberties, and Bitcoin is both an exercise and a guarantee of those freedoms.”
Pro-Bitcoin Presidential Candidate Advocates Backing U.S. Dollar to Bitcoin
During his speech at the PAC event on July 19, Robert F. Kennedy shared how his Uncle, ex-President John Kennedy, opinions on fiat currency shaped his own.
He expressed his bias against the use of fiat currency in America, an idea that he claimed to share with his uncle, John Kennedy.
“Fiat currency was invented to fund wars. I like base currencies because they make it more difficult. You have to go to the public,” Robert F. Kennedy said.
“You can’t just print money to fund the war and tax the public through the hidden tax of inflation. You actually have to go to the public and say, ‘Here’s what this war is going to cost.”
The Pro-Bitcoin Presidential candidate condemns the regulatory scrutiny on the cryptocurrency industry. He added that Bitcoin should not be regulated like security because it is not one.
In conclusion, the American presidential candidate emphasized the importance of his Bitcoin-focused policies in tackling U.S. economic issues. His speech during the Bitcoin 2023 Conference and PAC event signals the start of a paradigm shift in U.S. politics.
