Robert F. Kennedy Jr. Backs US Dollar with Bitcoin, Plans to Make the US a Crypto Hub
In a recent video recording, Robert F. Kennedy Jr. shared his pro-crypto policies and stated that he would back the US dollar with bitcoin. Here are the key points:
1. Gradual Increase in Allocation: RFK Jr. plans to start by backing just 1% of the Treasury Bills with hard currency, gold, silver, platinum, or bitcoin. The allocation will then increase gradually.
2. Making the US a Crypto Hub: RFK Jr. wants to use bitcoin in the country to attract more investments and engineers, which would bring innovation. He believes this move will help restore strength to the dollar, rein in inflation, and bring financial stability.
3. End of Capital Gains Taxes on Bitcoin: The Democratic presidential candidate aims to end capital gains taxes on bitcoin. He promotes self-custody of BTC as it ensures citizens’ privacy rights and opposes the crypto tax plans of the Biden Administration.
RFK Jr. has previously shown support for bitcoin and owns between $100,000 and $250,000 worth of BTC. With his backing of the US dollar with bitcoin and plans to make the US a crypto hub, he aims to bring financial stability and innovation to the country.
Hot Take: RFK Jr.’s Bold Move Towards Crypto
Robert F. Kennedy Jr.’s endorsement of bitcoin and his plans to back the US dollar with cryptocurrency showcase his vision for the future. By promoting the use of bitcoin, he hopes to attract investments and engineers to the US, bringing innovation and financial stability. His stance against capital gains taxes on bitcoin aligns with his belief in citizens’ privacy rights. RFK Jr.’s bold move towards crypto reflects the growing influence of digital currencies in mainstream politics and the potential for cryptocurrencies to reshape the global financial landscape.
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