Presidential Candidate Robert Kennedy Jr. Plans to Back Assets with Bitcoin.

Robert Kennedy Jr., a Democratic candidate for President, has shared his plans to strengthen the US financial system using Bitcoin. 

In a talk with Bitcoin Magazine, Kennedy proposed a small start. He suggested that 1% of US T-bills could be backed by hard assets like gold, silver, platinum, or Bitcoin. 

Kennedy wants to increase this percentage gradually each year, believing this will help secure the US dollar's role as the main global currency. He said, "Hard assets could help bring strength back to the dollar, control inflation, and start a new era of US financial stability and growth."

He also plans to remove the capital gains tax on changing Bitcoin to US dollars. Kennedy believes this will boost innovation, investment, and job creation in the tech industry.=

Kennedy is a known supporter of Bitcoin, and he confirmed this during the interview. He stressed the need to protect people's rights to own and manage their own Bitcoin. 

He strongly stated, "Fiat currency was invented to fund wars." Kennedy also confirmed that he does not view Bitcoin as a security and therefore should not be regulated as one. He also pledged to end current policies that penalize banks that deal with Bitcoin.