{"id":102152,"date":"2023-07-19T04:37:33","date_gmt":"2023-07-19T04:37:33","guid":{"rendered":"https:\/\/watcher.guru\/news\/?p=102152"},"modified":"2023-07-19T04:59:08","modified_gmt":"2023-07-19T04:59:08","slug":"us-dollar-backed-bitcoin-if-elected-robert-f-kennedy-jr","status":"publish","type":"post","link":"https:\/\/watcher.guru\/news\/us-dollar-backed-bitcoin-if-elected-robert-f-kennedy-jr","title":{"rendered":"U.S. Dollar To Be Backed by Bitcoin if Elected: Robert F. Kennedy Jr."},"content":{"rendered":"\n<p>Democratic Presidential Candidate Robert F. Kennedy Jr. outlined Bitcoin-related policies that would be put in place if he is elected as the President in 2024. Kennedy Jr. revealed his plans to back the US dollar with Bitcoin (BTC). The presidential candidate also announced that investors making profits from Bitcoin would be exempted from capital gains taxes. Kennedy Jr. made the bold political pitch at the Heal-the-Divide PAC event on Tuesday.<\/p>\n\n\n\n<p>Kennedy Jr. said that his administration <strong>\u201cwill exempt the conversion of Bitcoin to the U.S. dollar from capital gains taxes.\u201d<\/strong><\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/watcher.guru\/news\/brics-india-to-settle-trade-with-uae-using-rupee-ditches-u-s-dollar\">BRICS: India To Settle Trade With UAE Using Rupee, Ditches U.S. Dollar<\/a><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">JUST IN: \ud83c\uddfa\ud83c\uddf8 Presidential candidate Robert F. Kennedy Jr. announces plan to back the US dollar with <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> if elected in 2024.<\/p>&mdash; Watcher.Guru (@WatcherGuru) <a href=\"https:\/\/twitter.com\/WatcherGuru\/status\/1681505336354652160?ref_src=twsrc%5Etfw\">July 19, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The move would facilitate innovation and put the U.S. as the leader of the cryptocurrency markets and blockchain technology. It would spur investments and make way for new ventures to enter the cryptocurrency markets ushering in a new era of global finances.<\/p>\n\n\n\n<p>The Democratic politician is a staunch supporter of Bitcoin and blockchain technology in general. During a speech in May, he mentioned that he would do everything to \u201c<strong>defend the right of self-custody of Bitcoin.\u201d<\/strong> He added that everyone must have <strong>\u201cthe right to run a node at home.\u201d<\/strong> He also defended the <strong>\u201cindustry-neutral regulation of energy.\u201d<\/strong><\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/watcher.guru\/news\/brics-10-southeast-asian-countries-dump-us-dollar-use-local-currency\">BRICS: 10 Southeast Asian Countries Dump US Dollar, Use Local Currency<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-u-s-dollar-bitcoin-will-thrive-if-i-m-elected-president-robert-f-kennedy-jr\">The U.S. Dollar &#038; Bitcoin Will Thrive If I&#8217;m Elected President: Robert F. Kennedy Jr.<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"663\" src=\"https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-1024x663.jpg\" alt=\"usa flag bitcoin btc cryptocurrency\" class=\"wp-image-47138\" srcset=\"https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-1024x663.jpg 1024w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-300x194.jpg 300w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-768x498.jpg 768w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-1536x995.jpg 1536w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-230x150.jpg 230w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-380x246.jpg 380w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-550x356.jpg 550w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-800x518.jpg 800w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc-1160x752.jpg 1160w, https:\/\/watcher.guru\/news\/wp-content\/uploads\/2022\/08\/usa-flag-bitcoin-btc.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: Pexels<\/figcaption><\/figure>\n\n\n\n<p>Kennedy Jr. stressed that Bitcoin is not a security and should never be regulated by governments around the world. <strong>\u201cBitcoin is not a security and should not be regulated as one,\u201d<\/strong> he said. The politician also called out previous administrations for using fiat currencies to fund wars around the globe. <strong>&#8220;Fiat currency was invented to fund wars,\u201d<\/strong> he said.<\/p>\n\n\n\n<p><strong>Also Read: <a href=\"https:\/\/watcher.guru\/news\/china-supports-irans-entry-into-the-brics-alliance\">China Supports Iran\u2019s Entry Into the BRICS Alliance<\/a><\/strong><\/p>\n\n\n\n<p>He added, <strong>\u201cI like base currencies because they make it more difficult, you have to go to the public. You can&#8217;t just print money to fund the war and tax the public through the hidden tax of inflation. You actually have to go to the public and say, \u2018Here&#8217;s what this war is going to cost.\u2019\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Democratic Presidential Candidate Robert F. Kennedy Jr. outlined Bitcoin-related policies that would be put in place if he\u2026\n","protected":false},"author":10,"featured_media":102171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[4],"tags":[12,29,4274,247],"class_list":{"0":"post-102152","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-btc","10":"tag-robert-f-kennedy-jr","11":"tag-us-dollar","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>U.S. Dollar To Be Backed by Bitcoin if Elected: Robert F. Kennedy Jr.<\/title>\n<meta name=\"description\" content=\"The U.S. dollar will be backed by Bitcoin if elected president in 2024, says presidential candidate Robert F. Kennedy Jr.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watcher.guru\/news\/us-dollar-backed-bitcoin-if-elected-robert-f-kennedy-jr\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Dollar To Be Backed by Bitcoin if Elected: Robert F. Kennedy Jr.\" \/>\n<meta property=\"og:description\" content=\"The U.S. dollar will be backed by Bitcoin if elected president in 2024, says presidential candidate Robert F. 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