Robert F. Kennedy supports Bitcoin following Canadian truckers’ protests
During a recent Twitter Spaces event, Democratic presidential hopeful Robert F. Kennedy expressed his strong support for Bitcoin after witnessing the Canadian truckers’ protests. Here are the key points from his statements:
- Kennedy’s interest in Bitcoin was sparked during the Canadian truckers’ protests, which led to the implementation of the Emergencies Act.
- The Emergencies Act granted the government enhanced authority, resulting in the freezing of bank accounts and credit cards of protest leaders and supporters.
- Kennedy described this event as a “Damascus moment” that made him realize the importance of financial transaction freedom.
- He proposed innovative concepts such as Bitcoin Treasury bills (T-bills) and advocated for removing the capital gains tax on bitcoin sales with a million-dollar cap.
- Kennedy expressed disapproval of investment managers seeking Bitcoin exchange-traded funds (ETFs), citing concerns about increasing surveillance and government control over financial transactions.
Will Kennedy’s stance on Bitcoin resonate with the public?
As the 2024 presidential campaign heats up, it remains to be seen how Kennedy’s support for Bitcoin and his emphasis on financial freedom and privacy will influence the broader conversation about digital assets in the United States.
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