- Robert F. Kennedy Jr., a candidate for the US presidency, shared his goal of gradually supporting Bitcoin
with the American dollar.
- According to the presidential candidate, this move would increase exemptions and encourage entrepreneurs to develop their businesses in the United States instead of other crypto-friendly regions like Singapore, Germany, and Switzerland.
- RFK Jr. previously expressed his support for cryptocurrencies, including Bitcoin, as an escape from financial crises.
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Bitcoin supporter and US presidential candidate Robert F. Kennedy Jr. detailed his continued support for Bitcoin with new promises if elected as president.
Kennedy Will Support Bitcoin as President!
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Robert F. Kennedy Jr. shared his goal of gradually supporting Bitcoin with the American dollar if elected as the US president. In a speech at the Heal-the-Divide PAC event on July 19, RFK Jr. stated that supporting the dollar with “hard money” like gold, silver, platinum, or Bitcoin could help restore stability to the American economy.
RFK Jr. acknowledged that this process would be gradual and accepted that the nature of dollar support would change as the plan progressed. For example, it could start with 1% of T-bonds backed by hard money like Bitcoin, gold, platinum, or silver. Additionally, exemptions would be made to convert BTC to USD.
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According to this presidential candidate, exemptions would increase investments and encourage entrepreneurs to develop their businesses in the United States instead of other crypto-friendly regions like Singapore, Germany, and Switzerland.
He also further explained that tax exemptions were events that made it difficult for governments to use their currency as a weapon against freedom of expression and that this was one of his most important objectives.
Kennedy Accepts Bitcoin Political Donations
RFK Jr.’s recent statements came after his attendance at the Miami Bitcoin 2023 conference on May 16. During his speech, he announced that he would accept Bitcoin contributions for political campaigns. Although he claimed to have no BTC investments, this was later debunked.
Records obtained on July 9 showed investments in BTC exceeding $250,000. The report did not specify the dates of the cryptocurrency purchases, but it revealed that he had earned less than $201 in profits throughout the investment period.
The reasons behind these statements, despite his BTC investments, are still unclear, but there are speculations. One speculation was that if he promoted BTC during his campaign and had close relatives who owned cryptocurrency, it could be seen as a conflict of interest. However, campaign manager Kucinich denied these claims, stating that there was no conflict of interest.
RFK Jr. previously expressed his support for cryptocurrencies, including Bitcoin, as an escape from financial crises. He is one of the officials who have made promises regarding cryptocurrencies. Florida Governor and Republican presidential candidate Ron DeSantis announced on July 14 that if elected, he would ban central bank digital currencies.