Bitcoin (BTC) to Drive Economic Recovery in the US, Pledges Robert F. Kennedy Jr.

Following his bold statement at the Bitcoin 2024 conference in Nashville, United States Presidential candidate and crypto advocate, Robert F. Kennedy Jr. has once again demonstrated his unwavering support for Bitcoin, emphasizing its importance in promoting financial freedom and economic resilience.

United States Presidential candidate and crypto advocate Robert F. Kennedy Jr. continues to show his strong support for Bitcoin, highlighting its role in promoting financial freedom and economic resilience. His recent statements underscore his belief in the transformative potential of cryptocurrencies.

During an interview with Coin Stories Podcast host Natalie Brunell, Kennedy discussed his plans to integrate Bitcoin into the nation's financial system if elected. He expressed his conviction that BTC will be instrumental in restoring the US economy, especially in the wake of the COVID-19 pandemic.

Kennedy stated that he will instruct the Federal Reserve and the Treasury to purchase several million units of Bitcoin, which will then serve as the backing for the American dollar. This move, according to him, will also contribute to a global recovery of the US dollar, positioning the country as a leader in BTC adoption.

Moreover, he noted Bitcoin's fast transaction capability, which overcomes any obstacles imposed by banking fees or other transactional costs. In light of this, Kennedy believes that BTC will act as a hedge against inflation, leading to mass adoption of the crypto asset worldwide. This will further strengthen the US dollar and help resolve the nation's payment and trade imbalances.

Kennedy highlighted that Bitcoin offers a superior investment option for major countries like China, Russia, and Argentina, which are unable to invest in the US due to regulatory hurdles. With the world's money flowing into Bitcoin, he aims to increase the US BTC reserves to around 20% of the asset's total supply.

“That will go from a trillion dollar value to gradually generate $40 trillion a year in interest and value. And that pays off our entire US debt,” he added.

Kennedy asserted that this initiative is a crucial step that the US should undertake to bolster its economy. He pledged to make this a reality if he is elected, presenting it as a measure to uplift the American middle class.

Kennedy's endorsement of BTC stems from his strong belief in the crypto asset's ability to pave the way for transactional freedom. Last week, in an interview on CNBC, he stated that BTC is the exit from the Federal Reserve's money printing machine, highlighting its potential to offer financial independence.

It is important to note that the presidential candidate equates transactional freedom with freedom of speech, emphasizing its significance. As such, he has highlighted the need to make BTC transactional, enabling middle-class citizens and others seeking protection from economic instability, like inflation, to control their finances.

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