Robert F. Kennedy Jr. plans Bitcoin as a strategic asset and economic stabilizer.
Kennedy aims to appoint Major Lowery for Bitcoin-focused national security.
Independent presidential candidate Robert F. Kennedy Jr. highlighted the potential benefits of Bitcoin for the U.S. economy during his address at the Bitcoin2024 event on July 26. He outlined several executive orders he planned to sign on his first day in office, aimed at integrating Bitcoin into the national economic framework.
Kennedy proposed transferring the 204,000 Bitcoin held by the U.S. government to the Federal Reserve to be maintained as a strategic asset. Additionally, he would direct the Treasury Department to purchase 500 more Bitcoin. Robert Kennedy believes this would secure a dominant global economic position for the U.S., predicting a substantial increase in the value of the national Bitcoin reserve.
Furthermore, Kennedy plans to make transactions between Bitcoin and the U.S. dollar nonreportable and nontaxable by the IRS. He would also classify Bitcoin transactions under the 1031 Exchange program, providing tax incentives similar to those for real estate investments.
“Bitcoin Could Restore Economic Stability”- RFK
Kennedy emphasized Bitcoin’s role in promoting transactional freedom, likening it to freedom of speech. He argued that BTC could restore economic stability reminiscent of the pre-1971 era when the U.S. dollar was backed by gold. To support this vision, he intends to appoint Space Force Major Jason Lowery as a national security adviser, due to Lowery’s views on Bitcoin as a cyber-defense mechanism.
Kennedy aims to back U.S. Treasury securities with hard assets, including precious metals and Bitcoin, to strengthen the dollar and curb inflation. He envisions a global shift towards an American-backed decentralized currency.
Meanwhile, Robert Kennedy reaffirmed his commitment to the presidential race, dismissing rumors of an endorsement for Donald Trump. He remains focused on securing independent votes and competing against both Trump and the forthcoming Democratic nominee
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