Democratic presidential candidate Robert F. Kennedy Jr. says he will back the United States dollar with Bitcoin if he is elected president.
“Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity.” “My plan would be to start very, very small; perhaps 1% of issued T-bills would be backed by hard currency, by gold, silver, platinum or Bitcoin,” he said.
Also, Kennedy declared he would make Bitcoin to U.S. dollar conversions exempt from capital gains taxes.
