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Democratic Presidential Candidate Robert F. Kennedy Jr. has made a significant announcement by introducing a transformative proposal that could change America’s financial framework. At an event hosted by the Heal-the-Divide PAC, Kennedy detailed his ambitious Bitcoin-focused policies designed to restore a robust currency foundation and enhance financial stability. His vision includes backing the U.S. dollar with Bitcoin and precious metals, along with abolishing capital gains taxes on Bitcoin profits.
A Gradual Shift Towards Hard Asset Backing:
Kennedy’s initiative aims to gradually transition a segment of U.S. debt obligations to be supported by hard assets, such as gold, silver, platinum, and Bitcoin. He proposes starting modestly, with around 1% of issued T-bills being backed by these assets, and increasing this percentage based on results. Kennedy asserts that this approach will paradoxically strengthen the U.S. dollar and help manage inflation.
Revitalizing the Dollar’s Strength:
By adopting Kennedy’s strategy, the country could witness a revival in the dollar’s strength, ushering in a new era of economic prosperity. The removal of capital gains taxes on Bitcoin transactions under his administration would promote innovation and investment while protecting citizen privacy. Kennedy contends that this initiative would encourage businesses to thrive within the United States, reducing their inclination to seek opportunities overseas.
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Upholding Free Speech and Transparent Taxation:
Inspired by his uncle, President John F. Kennedy, RFK Jr. aspires to lead a free and just nation. He criticizes fiat currencies for their frequent use in financing wars without transparent taxation or public consent. In contrast, he commends base currencies like Bitcoin for limiting such practices. RFK Jr. argues that base currencies complicate the funding of wars and the taxation of the public through concealed inflation, compelling governments to be open about expenses.
Championing Bitcoin’s Freedom and Sustainability:
Kennedy is firmly against classifying Bitcoin as a security and vows to abolish policies that penalize banks dealing with Bitcoin, which were enacted during the Biden administration. He supports individuals’ rights to self-custody their BTC and operate personal nodes, reflecting his dedication to personal freedoms. Furthermore, Kennedy advocates for industry-neutral energy regulations to foster a balanced and sustainable ecosystem.
Democratic Presidential Candidate Robert F. Kennedy Jr.’s Bitcoin-focused policies offer a revolutionary vision for America’s financial environment. By backing the U.S. dollar with Bitcoin and precious metals, Kennedy seeks to restore stability, encourage innovation, and safeguard citizen privacy. His dedication to transparent taxation, personal freedoms, and sustainability distinguishes him as a proponent of financial reform. With the BTC price currently at $30,130, Kennedy’s proposals hold the potential to transform the nation’s economy and guide it toward a prosperous future.
The post RFK Jr. Plans To Back Government Debt With Bitcoin, End BTC Taxes appeared first on BitcoinWorld.
