Democratic presidential candidate Robert F. Kennedy Jr. has made a ground-breaking commitment to using Bitcoin and other “hard currency” assets such as gold, silver, and platinum to stabilize the US dollar. Kennedy believes that this novel method has the potential to revitalize the American economy and usher in a new period of financial power, peace, and prosperity.

Kennedy passionately highlighted how gradually supporting the US dollar with these precious assets may restore faith in the currency and battle inflation at a recent Heal-the-Divide PAC event on July 19. He stressed that the funding approach would be adaptable, allowing for changes based on its effectiveness.

Kennedy also advocated exempting Bitcoin-to-dollar conversions from capital gains taxes, which investors and companies would welcome. This strategic approach intends to increase investment in the United States and encourage firms to thrive in the country rather than finding crypto-friendly governments abroad.

two men sitting in front of each  other to emphasise Dollar Backed by Bitcoin

This isn’t the first time Kennedy has expressed interest in Bitcoin. On May 19, he declared his acceptance of political campaign donations in Bitcoin at the Bitcoin 2023 conference in Miami, signaling his conviction in the currency’s future.

It’s worth noting that, despite his previous denials, Kennedy’s investment declarations on July 9 disclosed his ownership of up to 250,000 dollars in Bitcoin. This revelation demonstrates his dedication to researching the benefits of cryptocurrency.

Kennedy is not alone in making crypto-based promises in the battle for the White House. Republican presidential candidate and Florida Governor Ron DeSantis has threatened to outlaw central bank digital currencies if elected, highlighting a major divide in the candidates’ perspectives on the future of finance.

As the presidential campaign unfolds, Kennedy’s progressive vision for the U.S. dollar and Bitcoin will captivate the nation’s attention. His bold ideas signal a potential turning point in the relationship between traditional finance and the world of cryptocurrencies.