RFK Jr. will back the U.S. dollar with gold and Bitcoin if elected

“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, with an annual increase in the allocation depending on the outcome.

Kennedy also announced that if elected, his administration would “exempt the conversion of bitcoin to the U.S. dollar from capital gains taxes.” He said the moves to invest in Bitcoin and support the growth of the top cryptocurrency would have far-reaching benefits for the country and would also protect Americans’ financial privacy and freedom.

Kennedy said that his positions in favor of Bitcoin and against CBDC and fiat currency in general stem from the ideals of President John F. Kennedy.

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