Kennedy’s Bold Plan: Backing the US Dollar with Bitcoin for Global Stability

The post Kennedy’s Bold Plan: Backing the US Dollar with Bitcoin for Global Stability appeared first on Coinpedia Fintech News

Robert F. Kennedy Jr., a Presidential candidate for 2024, recently made an intriguing announcement: if elected, he plans to support the US dollar by backing it with Bitcoin. Kennedy firmly believes that cryptocurrency has the potential to bring stability to the dollar and reduce its dependence on foreign nations. This is due to the increasing acceptance of Bitcoin by institutions and countries worldwide, as it emerges as a new store of value and an alternative to traditional currencies. Kennedy’s proposal to back the dollar with Bitcoin could have far-reaching implications for the crypto market and the global value of the dollar.