Reserve

Bank

Restore

Bitcoin

<ul>
 <li>Robert F. Kennedy Jr. plans Bitcoin as a strategic asset and economic stabilizer.</li>
 <li>Kennedy aims to appoint Major Lowery for Bitcoin-focused national security.</li>
</ul>
Independent presidential candidate Robert F. Kennedy Jr. highlighted the potential benefits of Bitcoin for the U.S. economy during his address at the Bitcoin2024 event on July 26. He outlined several executive orders he planned to sign on his first day in office, aimed at integrating Bitcoin into the national economic framework.
Kennedy proposed transferring the 204,000 Bitcoin held by the U.S. government to the Federal Reserve to be maintained as a strategic asset. Additionally, he would direct the Treasury Department to purchase 500 more <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>. Robert Kennedy believes this would secure a dominant global economic position for the U.S., predicting a substantial increase in the value of the national Bitcoin reserve.
Furthermore, Kennedy plans to make transactions between Bitcoin and the U.S. dollar nonreportable and nontaxable by the IRS. He would also classify Bitcoin transactions under the <a href="https://www.investopedia.com/financial-edge/0110/10-things-to-know-about-1031-exchanges.aspx" target="_blank" rel="noopener noreferrer nofollow">1031 Exchange</a> program, providing tax incentives similar to those for real estate investments.
<h3 class="wp-block-heading" id="h-bitcoin-could-restore-economic-stability-rfk">“Bitcoin Could Restore Economic Stability”- RFK</h3>
Kennedy emphasized Bitcoin’s role in promoting transactional freedom, likening it to freedom of speech. He argued that <a href="https://thenewscrypto.com/michigan-pension-funds-adds-spot-bitcoin-etfs-in-bold-move/" target="_blank" rel="noopener noreferrer nofollow">BTC </a>could restore economic stability reminiscent of the pre-1971 era when the U.S. dollar was backed by gold. To support this vision, he intends to appoint Space Force Major Jason Lowery as a national security adviser, due to Lowery’s views on Bitcoin as a cyber-defense mechanism.
Kennedy aims to back U.S. Treasury securities with hard assets, including precious metals and Bitcoin, to strengthen the dollar and curb inflation. He envisions a global shift towards an American-backed decentralized currency.
Meanwhile, Robert Kennedy reaffirmed his commitment to the presidential race, dismissing rumors of an endorsement for Donald Trump. He remains focused on securing independent votes and competing against both <a href="https://thenewscrypto.com/trump-based-memecoins-show-price-surges-amidst-bidens-bowing-out/" target="_blank" rel="noopener noreferrer nofollow">Trump</a> and the forthcoming Democratic nominee
Highlighted News Of The Day
<a href="https://thenewscrypto.com/federal-reserve-ends-enforcement-actions-against-silvergate-bank/" rel="noopener noreferrer nofollow">Federal Reserve Ends Enforcement Actions Against Silvergate Bank</a>

Presidential Candidate RFK Advocates BTC for Economic Stability

Innehållsförteckning

TheNewsCrypto

Andra artiklar publicerade 27 juli 2024

Here's Why VET’s Corrective Phase Could Set Up for a Strong Bullish Wave Ahead

Investors just don’t care about Ethereum as much as Bitcoin

Kevin Predicts Promising Future for Dogecoin

Spike on a Starry Path as the Best Crypto Coin Presale in 2024 Ups the Ante

Grayscale Ethereum Trust ETF records net outflows of $1.5B

Institutional Bitcoin Adoption Surge: Michigan Pension Fund Invests $6.6M in BTC ETFs

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!