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Independent presidential candidate Robert F Kennedy Jr

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 Bitcoin 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.

Kennedy’s Executive Orders: What’s on the Table?

At the Bitcoin2024 conference in Nashville, 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 Donald Trump

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 Kamala Harris

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.

Making Bitcoin Transactions More Attractive

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.

Dollar Vs Crypto

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.

A New Vision for Bitcoin

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: XRP, ADA and Other Altcoins To Stack Before Trump’s Speech In Nashville

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.

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