Bitcoin

Freedom

Daily

Force

The post <a href="https://coinpedia.org/news/bitcoin-conference-2024-robert-f-kennedy-jr-announces-550-bitcoin-daily-treasury-plan/">Kennedy Jr. Proposes 550 Daily Bitcoin Purchase Plan for U.S. Economy</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Independent presidential candidate <a href="https://app.coinpedia.org/robertfkennedyjr" target="_blank" class="profile-details">Robert F Kennedy Jr</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/robertfkennedyjr" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/default.png" class="user_profile_img" alt="user_profile_img" title="user_profile_img"> Robert F Kennedy Jr Robert F. Kennedy, Jr. (born January 17, 1954, Washington, D.C., U.S.) is an American environmental lawyer, member of the prominent Kennedy political family, and activist who became a leading figure among vaccine skeptics. In April 2023 he launched a campaign seeking the Democratic Party’s nomination for the United States presidential election of 2024 but in October announced instead that he would run as an independent. Other has announced an ambitious plan to integrate <a href="https://markets.coinpedia.org/bitcoin/">Bitcoin </a>into the U.S. economy. He wants to fix what he sees as a broken financial system and society. 
Will his plan come to fruition? Let’s dive in. 
<h2 class="wp-block-heading" id="h-kennedy-s-executive-orders-what-s-on-the-table">Kennedy’s Executive Orders: What’s on the Table?</h2> 
At the <a href="https://coinpedia.org/news/bitcoin-conference-2024-michael-saylor-reveals-major-bitcoin-price-prediction/">Bitcoin2024 conference in Nashville</a>, Kennedy shared his bold proposals for when he becomes president. One major idea is to transfer 204,000 Bitcoins held by the U.S. government to the Federal Reserve. He also plans for the Treasury Department to buy 550 Bitcoins each day until the reserve hits at least 4 million BTC. 
Kennedy believes this Bitcoin reserve could give the U.S. economic power like never before. He suggests that its value could reach hundreds of trillions of dollars. His enthusiasm for Bitcoin is similar to former President <a href="https://app.coinpedia.org/donaldtrump" target="_blank" class="profile-details">Donald Trump</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/donaldtrump" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/default.png" class="user_profile_img" alt="user_profile_img" title="user_profile_img"> Donald Trump Donald John Trump, an American politician, media personality, and businessman, served as the 45th President of the United States from 2017 to 2021. Note: His Designation Is Former President President , though Vice President <a href="https://app.coinpedia.org/kamalaharris" target="_blank" class="profile-details">Kamala Harris</a> <img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/10122626/info_icon.svg" alt="information" class="info-icons"> <a href="https://app.coinpedia.org/kamalaharris" target="_blank"><img decoding="async" src="https://image.coinpedia.org/wp-content/uploads/2022/11/09190601/link.svg" alt="link"></a> <img decoding="async" src="https://image.coinpedia.org/app_uploads/profile/default.png" class="user_profile_img" alt="user_profile_img" title="user_profile_img"> Kamala Harris Kamala Devi Harris has been the 49th U.S. Vice President since 2021, serving under the Joe Biden administration. Vice President has not yet shared her views on this topic. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 BREAKING: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> US Presidential candidate Robert Kennedy F. Jr. says he will sign an executive order for the US to buy 550 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> a day until they build a reserve of 4 million BTC if elected president. <a href="https://t.co/X8Dst1yxBR">pic.twitter.com/X8Dst1yxBR</a>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1816950583703797993?ref_src=twsrc%5Etfw">July 26, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<h2 class="wp-block-heading" id="h-making-bitcoin-transactions-more-attractive">Making Bitcoin Transactions More Attractive </h2> 
Kennedy wants to make Bitcoin transactions more appealing by making Bitcoin-to-dollar transactions exempt from reporting and taxation by the IRS. He also proposes allowing Bitcoin to be exchanged for real estate under the 1031 Exchange program, which currently encourages investment in property. 
Kennedy compares Bitcoin to the First Amendment, believing it could bring back economic freedom similar to how free speech protects individuals. He argues that a Bitcoin standard could return the U.S. economy to its pre-Vietnam War state, before the dollar was taken off the gold standard. Kennedy thinks a Bitcoin system could also prevent wars by stopping the ability to print money for military spending. 
<h3 class="wp-block-heading" id="h-dollar-vs-crypto">Dollar Vs Crypto</h3> 
Kennedy plans to support U.S. Treasury bills, notes, and bonds with valuable assets, including precious metals and Bitcoin. He hopes this will strengthen the dollar, control inflation, and bring financial stability. He envisions that this could lead to a global move towards an American-backed decentralized currency. 
<h2 class="wp-block-heading" id="h-a-new-vision-for-bitcoin">A New Vision for Bitcoin </h2> 
Kennedy also wants to hire Space Force Major Jason Lowery as a national security adviser. Lowery, who has written about Bitcoin as a “cyber-defense system” and “soft power projection,” would help protect online identities. 
Kennedy’s proposals offer a bold vision for Bitcoin in the U.S. financial system, aiming to enhance national security and economic stability. It will be interesting to see if Kennedy or Trump follow through on their Bitcoin-friendly policies. The future of cryptocurrency in American politics is shaping up to be quite fascinating. 
Also Read: <a href="https://coinpedia.org/news/xrp-ada-and-other-altcoins-to-stack-before-trumps-speech-in-nashville/" target="_blank" rel="noreferrer noopener">XRP, ADA and Other Altcoins To Stack Before Trump’s Speech In Nashville</a> 
Kennedy’s Bitcoin roadmap promises a radical shift in U.S. financial policy. Will it deliver on its promises or face unexpected hurdles? The journey ahead is sure to be interesting.

Kennedy Jr. Proposes 550 Daily Bitcoin Purchase Plan for U.S. Economy

Table of Contents

CoinPedia News

Andre artikler udgivet 27. jul. 2024

North Korean Hackers Suspected in $235M WazirX Crypto Heist

Top Solana-based Altcoins To Stack As Market Turns Bullish!

Solana Altcoins See Market Surge

BREAKING: Donald Trump Takes the Stage at Bitcoin Conference – Here’s What He Said – LIVE

ChatGPT Answers: What Will Happen to the XRP Price and Altcoin Sector if Kamala Harris Becomes Pr...

Bitcoin Hashrate Nears All-Time High As BTC Price Recovers Above $67,000

Join our free newsletter for daily crypto updates!