YEREVAN (CoinChapter.com) — Unbiased presidential candidate Robert F. Kennedy Jr. delivered a compelling speech on the Bitcoin 2024 occasion on July 26. He highlighted Bitcoin’s potential to revitalize the US financial system and restore the American lifestyle. Kennedy outlined a collection of govt orders he plans to signal on his first day in workplace.
Kennedy’s Strategic Bitcoin Reserve Plan for U.S. Monetary Dominance
RFK Jr. plans to reclassify Bitcoin as a strategic asset. He intends to order the Justice Division and US Marshalls to switch the 204,000 Bitcoins held by the US to the Federal Reserve. This transfer would place the US as a world chief in Bitcoin reserves. Kennedy envisions the US Bitcoin reserve reaching a price of “hundreds of trillions of dollars,” offering the nation with an unmatched financial benefit.
Furthermore, Kennedy goals to order the Treasury Division to buy 500 Bitcoins each day till the reserve accumulates not less than 4 million Bitcoins. He believes this strategic reserve would cement the US’ dominance within the international monetary panorama.
Kennedy’s Tax-Free Bitcoin Plan to Enhance Funding
Robert F. Kennedy proposes to make all transactions between Bitcoin and the greenback nonreportable and nontaxable by the IRS. This govt order would exempt Bitcoin transactions from taxes, making them extra enticing to companies and people. Moreover, RFK Jr. plans to categorise Bitcoin as eligible for change into actual property underneath the 1031 Change program, which incentivizes actual property investments.
Bitcoin for Nationwide Safety and Monetary Stability
RFK Jr. sees Bitcoin as extra than simply an financial device. He intends to rent Area Power Main Jason Lowery as a nationwide safety adviser. Lowery, identified for his thesis at MIT, described Bitcoin as a “cyber-defense system” and a type of “soft power projection.”
RFK Jr. believes that Bitcoin can shield on-line identities in our on-line world and bolster nationwide safety.
To strengthen the greenback, Kennedy proposes backing US Treasury payments, notes, and bonds with exhausting belongings, together with treasured metals and Bitcoin. He goals to curb inflation and usher in a brand new period of economic stability.
“The world will rush to back an American-backed decentralized currency,”
Kennedy asserted, envisioning a world shift in the direction of a stronger, asset-backed greenback.
Robert F. Kennedy’s Bitcoin Imaginative and prescient: A Return to Stability and Peace
Robert F. Kennedy criticized the shift away from the gold customary underneath President Richard Nixon, which he believes led to financial instability.
“Fiat currency was invented to fund war,”
Kennedy remarked. He recommended {that a} Bitcoin customary would stop wars since Bitcoin can’t be printed.
Robert F. Kennedy’s guarantees sign a possible transformation in how the US handles its financial system and nationwide safety. His imaginative and prescient for Bitcoin consists of not solely financial advantages but additionally a strategic asset for nationwide safety. Kennedy’s plans for a Bitcoin reserve and a tough asset-backed greenback might considerably influence the worldwide monetary system.