2024

Bitcoin

Read

Billion

Robert F Kennedy Jr

<ul>
 <li>Kennedy proposes that the U.S. government acquire Bitcoin until its value matches the country’s gold reserves.</li>
 <li>By amassing Bitcoin reserves, Kennedy believes the nation can secure its economic future.</li>
 <li>Kennedy advocates for eliminating capital gains tax on cryptocurrencies.</li>
</ul>
<p>U.S. presidential candidate <a href="https://twitter.com/robertkennedyjr?lang=en" rel="noopener noreferrer nofollow">Robert F. </a><a href="https://twitter.com/robertkennedyjr?lang=en" target="_blank" rel="noopener noreferrer nofollow">Kennedy</a><a href="https://twitter.com/robertkennedyjr?lang=en" rel="noopener noreferrer nofollow"> Jr.</a> has unveiled a bold plan to reshape the nation’s financial landscape. As the post below suggests, Kennedy proposed that the federal government should purchase Bitcoin until its holdings match the country’s vast gold reserves.&nbsp;</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"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">LATEST: <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;"> Robert F. Kennedy Jr. Says He’ll Make The US Govt Buy $615 Billion Of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> If Elected <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f92f.png" alt="🤯" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>U.S. presidential candidate Robert F. Kennedy Jr. has announced a bold vision for the nation’s financial future. <br><br>If elected, Kennedy plans to push the federal government… <a href="https://t.co/MOLHIIaMTS" rel="noopener noreferrer nofollow">pic.twitter.com/MOLHIIaMTS</a></p>— Kyle Chassé (@kyle_chasse) <a href="https://twitter.com/kyle_chasse/status/1816706455841517622?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">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-kennedy-s-vision-for-a-digital-financial-revolution">Kennedy’s Vision for a Digital Financial Revolution</h2>
<p>Currently, the U.S. holds 8,134 tons of gold, valued at approximately $615 billion, making it the largest gold owner in the world. Kennedy’s proposal aims to position the U.S. as a leader in the digital financial revolution.&nbsp;</p>
<p>By amassing <a href="https://cryptonewsland.com/senator-cynthia-lummis-advocates-for-bitcoin/" rel="noopener noreferrer nofollow">Bitcoin </a><a href="https://cryptonewsland.com/senator-cynthia-lummis-advocates-for-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">reserves</a>, he believes the nation can secure its economic future and embrace the growing importance of digital assets. This ambitious plan would see the government acquiring significant amounts of Bitcoin, potentially driving its value higher.</p>
<p>Besides the massive Bitcoin purchase, Kennedy advocates for eliminating capital gains tax on cryptocurrencies. By removing <a href="https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates" rel="noopener noreferrer nofollow">capital </a><a href="https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates" target="_blank" rel="noopener noreferrer nofollow">gains</a><a href="https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates" rel="noopener noreferrer nofollow"> tax</a>, Kennedy hopes to encourage more Americans to invest in cryptocurrencies, stimulating economic growth and technological advancement.</p>
<h2 class="wp-block-heading" id="h-implications-and-potential-impact-of-kennedy-s-proposal">Implications and Potential Impact of Kennedy’s Proposal</h2>
<p>The proposal has sparked widespread discussion among financial experts and the crypto community. Some see it as a visionary step towards embracing the future of finance, while others question its feasibility and potential risks.&nbsp;</p>
<p>As more countries explore the integration of cryptocurrencies into their financial systems, the U.S. could solidify its position as a global leader in this emerging market. The proposal’s success would depend on various factors, including political support, regulatory frameworks, and market dynamics.&nbsp;</p>
<p>As the <a href="https://cryptonewsland.com/how-crypto-assets-are-projected-to-shape-the-landscape-of-the-2024-us-presidential-election/" rel="noopener noreferrer nofollow">2024 presidential </a><a href="https://cryptonewsland.com/how-crypto-assets-are-projected-to-shape-the-landscape-of-the-2024-us-presidential-election/" target="_blank" rel="noopener noreferrer nofollow">election</a> approaches, Kennedy’s stance on Bitcoin and cryptocurrencies will likely play a pivotal role in his campaign. His plan to eliminate capital gains tax on crypto investments could resonate with younger voters and tech-savvy individuals, potentially boosting his popularity.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</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/" rel="noopener noreferrer nofollow">Robert F. Kennedy Jr. Proposes US Budget on Blockchain for 2024 Election</a></li>
 <li><a href="https://cryptonewsland.com/robert-f-kennedy-jr-pledges-to-end-white-house-war-on-bitcoin/" rel="noopener noreferrer nofollow">Robert F. Kennedy Jr Pledges to End “White House War on Bitcoin”</a></li>
 <li><a href="https://cryptonewsland.com/ada-ceo-endorses-kennedy-over-trump/" rel="noopener noreferrer nofollow">Cardano Founder Holds Confidence in Robert F. Kennedy Jr.&nbsp; After Reflecting on Trump’s RNC Speech</a></li>
 <li><a href="https://cryptonewsland.com/robert-f-kennedy-jr-says-bitcoin-offers-civil-liberty/" rel="noopener noreferrer nofollow">Robert F. Kennedy Jr. Says Bitcoin Offers Civil Liberty</a></li>
 <li><a href="https://cryptonewsland.com/pro-bitcoin-us-presidential-candidate-robert-f-kennedy-jr-owns-21-bitcoins-adding-weight-to-tax-free-bitcoin-promise/" rel="noopener noreferrer nofollow">Pro Bitcoin US Presidential Candidate Robert F Kennedy Jr Owns 21 Bitcoins, Adding Weight to Tax Free Bitcoin Promise</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/kennedy-jr-proposes-615b-bitcoin-buy-tax-cuts/" rel="noopener noreferrer nofollow">Robert F. Kennedy Jr. Proposes $615 Billion Bitcoin Purchase and Crypto Tax Cuts</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Robert F. Kennedy Jr. Proposes $615 Billion Bitcoin Purchase and Crypto Tax Cuts

Inhoudsopgave

Crypto News Land

Andere artikelen gepubliceerd op 26 jul 2024

Floki Announces Valhalla Sponsorship for India’s Tour of Sri Lanka, Targeting 220M Viewers

Bitcoin Hashrate Drops to December 2022 Levels Amid Miner Capitulation and Halving Impact

Grayscale’s Ethereum ETF Loses $1.15B in The First Three Days of ETF Trading

Stocks to Watch Today: 3M, BMY, and Coursera Inc.

WazirX India Suspends Withdrawals After $234.9M Theft Reported

Six Ticks Develops Revolutionary Distributed Feeless Blockchain Solution

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!