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Robert F. Kennedy Jr. Proposed Backing the Dollar with Bitcoin

source-logo  cryptonews.net 19 July 2023 16:00, UTC
Anna Martynova

At an event hosted by Heal-the-Divide PAC, Democratic presidential candidate Robert F. Kennedy Jr. unveiled his ambitious bitcoin-focused policies that, if implemented, could change America's financial landscape.

With a vision of restoring a strong monetary base and promoting financial stability, Kennedy's proposal includes bitcoin and precious metals gradually supporting the US dollar while removing the capital gains tax on bitcoin earnings. Kennedy's plan is aimed at initiating a gradual transition to covering some of the US debt obligations with hard assets, including gold, silver, platinum and bitcoin.

This landmark proposal could revive the strength of the dollar, control inflation, and usher in a new era of prosperity for the nation. Therefore, the presidential candidate strongly believes that the exemption of BTC from capital gains tax under his administration will bring great benefits. Specifically, it could encourage innovation and investment, protect citizens' privacy, and encourage businesses to thrive in the United States rather than seek opportunities abroad.

Image: Cryptorank