According to TechFlow, independent presidential candidate Robert F. Kennedy Jr. delivered a speech at the Bitcoin2024 event on July 26 Beijing time, highly praising the potential role of Bitcoin in improving the U.S. economy and lifestyle.
He promised to sign several executive orders once in office to start the process. Kennedy said he would ask the Justice Department and the U.S. Marshals Service to transfer the 204,000 bitcoins held by the United States to the Federal Reserve as a "strategic asset" and instruct the Treasury Department to purchase 500 bitcoins.
He predicted that the United States will achieve a "dominance that no other country can surpass" and that its Bitcoin reserves will eventually be worth "hundreds of trillions of dollars."
In addition, Kennedy also plans to order that all transactions between Bitcoin and the US dollar do not need to be reported and taxed to the Internal Revenue Service (IRS) and include Bitcoin in the 1031 exchange plan to encourage investment.
He stressed that freedom of exchange is as important as freedom of speech, and that Bitcoin can provide this freedom and help restore the U.S. economy. Kennedy also said that if the world adopted the Bitcoin standard, there would be no more wars because "Bitcoins cannot be printed."
He plans to hire Space Force Major Jason Lowery as a national security adviser and has pledged to back U.S. Treasuries with hard assets, including precious metals and Bitcoin, to strengthen the dollar, control inflation, and usher in a new era of financial stability.
