R. Kennedy wants to back the dollar with Bitcoin

Democratic presidential candidate Robert Kennedy has outlined the policies he will implement regarding bitcoin if elected president.

A dollar backed with Bitcoin…

Speaking at an event organized by Heal-the-Divide PAC, R. Kennedy made two shock promises.

Firstly, the capital gains tax will be abolished for the conversion of Bitcoins into dollars. While conceding that such a tax exemption was not part of his philosophy, JFK’s nephew nonetheless conceded that it would help attract capital and talent.

The aim was to avoid leaving the lion’s share to countries such as Switzerland, Singapore, Portugal and Germany. Remember that Germans don’t pay capital gains tax when they hold their bitcoins for more than a year.

“Non-taxable events are not declarable, which means it will be harder for governments to use the currency as a weapon against freedom of expression, which, as many of you know, is one of my main aims.”

₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Presidential candidate @RobertKennedyJr announces plan to back the dollar with bitcoin.pic.twitter.com/fMAUwsRhVZ

— Documenting ₿itcoin 📄 (@DocumentingBTC) July 19, 2023

Another shock statement:

“The Kennedy administration will begin backing the dollar with assets such as gold, silver and bitcoin, which is the world’s rarest liquid asset. This will strengthen the dollar and ensure that its success as the world’s reserve currency endures.”

“My plan would be to start very, very small, maybe 1% of Treasuries issued would be backed by gold, silver, platinum and bitcoin,” he added, thereby suggesting his intention to revive the Gold Standard.

A wise decision, since it is clear that the BRICS have no intention of tolerating much longer that the USA can print paper to buy raw materials. The same applies to oil-producing countries such as Iran, Saudi Arabia and the United Arab Emirates.

In a speech at the Bitcoin 2023 conference in Miami, Kennedy reiterated the commitments already made in favor of Bitcoin. Namely, that no one will be prosecuted for owning bitcoins and spinning a node.

Bitcoin has entered the US presidential election debate. There’s no turning back now…