US presidential candidates are racing to adopt Bitcoin in their electoral plans to convince the candidates
Kennedy intends to convert the 204,000 bitcoins owned by the United States into a “strategic asset” held by the Federal Reserve.
It is also proposed that the Treasury Department purchase 500 bitcoins daily until the reserve reaches at least 4 million bitcoins, which would strengthen the power of the United States in the global economy.
It also proposes treating Bitcoin as a qualifying asset for a real estate exchange under the 1031 exchange program, which currently provides incentives for real estate investment.
Kennedy believes that freedom of transactions is equivalent to freedom of expression, believing that Bitcoin can help return the American economy to its state before the Vietnam War.
Kennedy's plan also includes appointing Space Force Major Jason Lurie as national security adviser, and using hard assets such as Bitcoin and precious metals to back US Treasury bonds.
Kennedy emphasized Bitcoin's role in protecting individual freedom, citing the impact of the Canadian truck drivers' protest and the freezing of their financial assets on his defense of Bitcoin.