Biden-Challenger Robert Kennedy Jr. Wants To Back US Government Debt With Crypto As Potential Solution For 'Printing Money Endlessly'
Portfolio Pulse from Mehab Qureshi
Democratic Presidential Candidate Robert F. Kennedy Jr. has expressed support for the idea of backing a portion of U.S. government debt with cryptocurrency. He believes this could enforce discipline against endless money printing. Kennedy Jr. has previously detailed his plan for returning to a hard currency standard using Bitcoin in the United States. At the time of the interview, Bitcoin was trading at $27,251, down 0.64% in the last 24 hours.
August 31, 2023 | 2:02 pm
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POSITIVE IMPACT
Kennedy Jr.'s support for backing US government debt with Bitcoin could potentially increase demand for the cryptocurrency, impacting its price.
If Kennedy Jr.'s idea gains traction, it could lead to increased demand for Bitcoin as it becomes a part of the US government's debt strategy. This could potentially drive up the price of Bitcoin.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100