Bitcoin Will Restore the US Economy - Robert Kennedy Jr.
Date: 2024-07-29 Author: Henry Casey Categories: CRYPTO PAYMENTS
Robert Kennedy Jr., an independent candidate for US President, spoke at the Bitcoin 2024 conference, held in Nashville from July 25 to 27, 2024. In his speech, he emphasized his support for Bitcoin and made several important statements regarding the first cryptocurrency.
Kennedy Jr. noted:
"I'm a big supporter of Bitcoin. Most of my wealth is in Bitcoin. I'm completely committed to it."
The candidate spoke about his plans to introduce cryptocurrency into the US economy. If elected president, he promised to sign a number of decrees aimed at supporting and developing Bitcoin.
Kennedy Jr. promised that his first order would be to require the Justice Department to transfer 204,000 BTC to the Federal Reserve to be held as a strategic asset. He also plans to require the US Treasury to buy 550 BTC daily until the country's total capital reaches 4 million BTC.
Economic Policy and Criticism of Fiat Currency
Kennedy Jr. expressed confidence that Bitcoin could significantly improve the US economy and the quality of life of citizens. He said that Bitcoin would give freedom and help restore the country's economy.
"Fiat currency was invented to finance war. If the whole world used cryptocurrency, there would be no more wars, because Bitcoin cannot be printed," Kennedy Jr. said.
The politician also promised to completely eliminate taxation of transactions using the dollar and bitcoin, as well as consider the possibility of using bitcoin for real estate investments as part of a tax-free exchange under the 1031 rule.
Kennedy Jr. criticized the work of the Federal Reserve System (FRS), saying that the organization primarily cares about the interests of bankers, not the public.
"The Fed cares about bankers, not the public," he said.
The Role of Cryptocurrency in the Presidential Race
The topic of cryptocurrency has become one of the most discussed on the eve of the US presidential election, which will be held on November 5, 2024. Cryptocurrencies and their role in the economy are being discussed against the backdrop of the elections, which emphasizes their importance in modern political discourse.
Earlier it became known that the Democratic Party candidate and current US President Joe Biden dropped out of the election race. Vice President Kamala Harris has declined to attend the Bitcoin 2024 conference. In turn, another candidate, Donald Trump, representing the Republican Party, is scheduled to speak on July 27, 2024.
Robert Kennedy Jr.'s speech at Bitcoin 2024 highlights the growing importance of cryptocurrencies in the political and economic life of the United States. His ambitious plans to introduce Bitcoin into the national economy and criticism of the current financial system resonate with a wide audience and make him a candidate ready for radical changes in the governance of the country.
