The US Democratic presidential candidate Robert F. Kennedy Jr. is sharing his plans for Bitcoin (BTC) if he gets elected in the November 2024 election.

During a speech at a Heal-the-Divide event, the nephew of former president John F. Kennedy says his administration will exempt the conversion of Bitcoin to dollars from capital gains tax.

Kennedy says he also wants the US dollar to be backed with Bitcoin through which the king crypto can help save the greenback.

“The Kennedy administration will begin to back the US dollar with real finite assets such as gold, silver, platinum and Bitcoin, which is the world’s hardest liquid asset to strengthen the US dollar and guarantee its continued success as a world reserve currency. This will include US Treasury Bills, notes and bonds.”