Democratic presidential candidate Robert F. Kennedy Jr. has pledged to progressively back the US dollar with Bitcoin
$30,225 BTC if elected president.
Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called “hard currency,” including gold, silver, platinum or Bitcoin, could help restabilize the American economy.
“Backing U.S. dollars and debt obligations with hard assets could help restore dollar strength, curb inflation, and usher in a new era of financial stability, peace, and U.S. prosperity.”
Kennedy explained that the process would be gradual and that, depending on the success of the plan, he would adjust the amount of support for the dollar.
“My plan would be to start very, very small; maybe 1% of the bills issued would be backed by hard currency, gold, silver, platinum or Bitcoin,” he said.