2024

United

Read

President Donald Trump

<ul> 
 <li>Robert F. Kennedy Jr. proposes daily Treasury purchases of Bitcoin to build a 4 million Bitcoin reserve, boosting U.S. economic power.</li> 
 <li>Kennedy’s plan includes making Bitcoin-dollar transactions non-taxable and integrating Bitcoin into the 1031 Exchange for real property.</li> 
 <li>Kennedy aims to back U.S. debt with Bitcoin and gold, enhancing financial stability and controlling inflation.</li> 
</ul> 
<p>Robert F. Kennedy Jr., an independent presidential candidate, gave a comprehensive presentation on the roadmap for <a href="https://cryptonewsland.com/argentina-learns-from-el-salvador-on-bitcoin-adoption/" target="_blank" rel="noreferrer noopener">Bitcoin adoption</a> in the US at the Bitcoin 2024 event. If elected president, he plans to sign several of the executive directives in his proposal into law.</p> 
<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">
   <p lang="en" dir="ltr">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></p>— 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> 
<h3 class="wp-block-heading" id="h-strategic-bitcoin-reserves"><strong>Strategic Bitcoin Reserves</strong></h3> 
<p>Kennedy intends to provide the<a href="https://www.federalreserve.gov/" target="_blank" rel="noreferrer noopener"> Federal Reserve</a> 204,000 Bitcoin that the US has stored as a “strategic asset.” He also suggests mandating that the Treasury Department buy 500 Bitcoin every day until the reserve reaches a minimum of 4 million Bitcoin. In the world economy, this would establish the United States as a major force.</p> 
<p>Besides, Kennedy’s plan addresses tax policy. He promises to make transactions between Bitcoin and the dollar non-reportable and non-taxable by the IRS. Furthermore, he suggests treating Bitcoin as eligible for exchange into real property under the 1031 Exchange program. This program currently provides incentives for real estate investment.</p> 
<h3 class="wp-block-heading" id="h-transactional-freedom-and-economic-stability"><strong>Transactional Freedom and Economic Stability</strong></h3> 
<p>Kennedy drew parallels between transactional freedom and freedom of expression. He argued that Bitcoin could help restore the U.S. economy to its pre-Vietnam War condition. He claimed that a global <a href="https://cryptonewsland.com/bitcoin-boom-standard-chartered-forecasts-150000-price-surge-if-trump-wins-us-election/" target="_blank" rel="noreferrer noopener">Bitcoin standard</a> could prevent wars by eliminating the ability to print currency to fund conflicts.</p> 
<p>Other aspects of Kennedy’s plan include hiring Space Force Major Jason Lowery as a national security adviser. Furthermore, he intends to use hard assets like Bitcoin and precious metals to support US Treasury securities. He thinks that by taking these steps, we can bring in a new period of financial stability, contain inflation, and strengthen the dollar.</p> 
<p>Kennedy emphasized Bitcoin’s role in protecting individual freedom. He recounted how the Canadian truckers’ protest and the freezing of their financial assets influenced his advocacy for Bitcoin. He said, “I realized that transactional freedom was as important as freedom of expression in the First Amendment.”&nbsp;</p> 
<p>He stressed Bitcoin’s potential to protect personal freedoms, promote accountability, and combat government corruption. He stated, “<a href="https://www.forbes.com/sites/digital-assets/2023/04/02/a-dramatic-impact-pentagon-told-bitcoin-can-prevent-war-by-space-force-major/" target="_blank" rel="noreferrer noopener">Bitcoin is anti-war</a>. It is a fierce, merciless, and insurmountable foe of government corruption.”</p> 
<h3 class="wp-block-heading" id="h-political-support-and-future-plans"><strong>Political Support and Future Plans</strong></h3> 
<p>Kennedy also intends to use tangible assets, like as Bitcoin, to support US debt in order to keep inflation under control and the USD stable. The dollar will once again rule international finance, in his opinion, if Bitcoin’s scarcity, liquidity, gold, and other hard assets are harnessed.</p> 
<p>Additionally, Kennedy expressed optimism about the growing political support for Bitcoin. He wants to make the United States a centre of innovation and investment in cryptocurrency worldwide.</p> 
<p>He said that former US President Donald Trump has recently shown strong support for Bitcoin.&nbsp; Kennedy revealed that Trump might announce a plan to build a “Bitcoin Fort Knox” and authorize the U.S. government to buy 1 million Bitcoin as a strategic reserve asset.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/robert-f-kennedy-jr-proposes-us-budget-on-blockchain/">Robert F. Kennedy Jr. Proposes US Budget on Blockchain for 2024 Election</a></li> 
 <li><a href="https://cryptonewsland.com/kennedy-jr-proposes-615b-bitcoin-buy-tax-cuts/">Robert F. Kennedy Jr. Proposes $615 Billion Bitcoin Purchase and Crypto Tax Cuts</a></li> 
 <li><a href="https://cryptonewsland.com/robert-f-kennedy-jr-pledges-to-end-white-house-war-on-bitcoin/">Robert F. Kennedy Jr Pledges to End “White House War on Bitcoin”</a></li> 
 <li><a href="https://cryptonewsland.com/robert-f-kennedy-jr-says-bitcoin-offers-civil-liberty/">Robert F. Kennedy Jr. Says Bitcoin Offers Civil Liberty</a></li> 
 <li><a href="https://cryptonewsland.com/ada-ceo-endorses-kennedy-over-trump/">Cardano Founder Holds Confidence in Robert F. Kennedy Jr.&nbsp; After Reflecting on Trump’s RNC Speech</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/robert-f-kennedy-jr-proposes-major-bitcoin-integration-plan-at-bitcoin-2024-event/">Robert F. Kennedy Jr. Proposes Major Bitcoin Integration Plan at Bitcoin 2024 Event</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Robert F. Kennedy Jr. Proposes Major Bitcoin Integration Plan at Bitcoin 2024 Event

Tabla de contenidos

Crypto News Land

Otros artículos publicados el 27 jul 2024

Ethereum Creator Vitalik Buterin Debunks ETH Centralization Claims

FET Flounders, Crypto Roulette Wheel Lands On Rollblock (RBLK), Avalanche (AVAX) Price Ascends

Analyst Predicts Significant Gains for Dogecoin, Bitcoin, and XRP

Bitwise Announces 10% Donation of Ethereum ETF Profits to Open-Source Developers

US Senate Tim Scott’s Lively Crypto Debut At The BTC Conference!

For Bitcoin, HODLing is the best bet: Marathon Digital tells us why

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!