Kennedy Jr. plans on bitcoin

[Reatim]

Trump’s opinion on bitcoin has always been a hot topic in the forum. I have seen numerous posts and discussions about his comments about bitcoin. After his conference, many seemed to be delighted that he plans on keeping all existing bitcoins that the country holds for the strategic national reserve.

On the other hand, another candidate has actually said almost the same thing way before Trump. Kennedy Jr. seems keen on acquiring more bitcoin to match the gold the country has. He wants to have 4 million bitcoins as the strategic reserve.

He has also pointed out that Trump has repeatedly doubted bitcoin before unlike himself who has supported bitcoin even way before. I doubt a third party is going to win but it seems like he has good detailed plans for bitcoin that do not seem like empty promises. Either way, I think bitcoin might have good support whoever president gets elected.

[Poker Player]

I really enjoyed hearing him speak, and the audience, of course, was enthusiastic, but the problem is that there is no way he is going to be the next president of the U.S.A.

For me the best proposal was not the creation of the Bitcoin reserve, the best was to apply 0 tax to exchanges between Bitcoin and USD and make them non-reportable. About that I have not heard so much talk and in a world that walks more and more to control and CBDCs, making a non kyc no tax for any exchange between USD and Bitcoin is among the most libertarian thing I have heard in recent years.

[anarkiboy]

I really enjoyed hearing him speak, and the audience, of course, was enthusiastic, but the problem is that there is no way he is going to be the next president of the U.S.A.

For me the best proposal was not the creation of the Bitcoin reserve, the best was to apply 0 tax to exchanges between Bitcoin and USD and make them non-reportable. About that I have not heard so much talk and in a world that walks more and more to control and CBDCs, making a non kyc no tax for any exchange between USD and Bitcoin is among the most libertarian thing I have heard in recent years.

No tax from crypto gains ? forget about it 

[348Judah]

Trump’s opinion on bitcoin has always been a hot topic in the forum. I have seen numerous posts and discussions about his comments about bitcoin. After his conference, many seemed to be delighted that he plans on keeping all existing bitcoins that the country holds for the strategic national reserve.

Of course Trump have been a point of discussion at the event of his take on bitcoin and his political ambition with support on the use of crypto, but as for the US bitcoin in their custody, we can't say of what may turned to be the reactions Trump may give towards all the seized coin if he emerges the president the second time, i want to expect that their intention in US was not to use all these as national research, those coins were not their investments, instead are seized coins.

[Z-tight]

There isn't much i can add to what i have already said about this in the last couple of weeks, which in short is that i don't believe politicians and i think what they are doing is simply using BTC as a campaign strategy for the election in Novermber. I would love to be proven wrong by the way and at this point i think i can say that Trump has won over most bitcoiners to his side and for their sake, i hope he does not disappoint them if he becomes president.

On another note, what do you guys think about Donald Trump's statement that he would fire the sec chairman if he wins

Trump said — to rapturous applause from the Nashville crowd — that if elected, he would fire current Securities and Exchange Commission Chair Gary Gensler

[Fiatless]

Robert F. Kennedy Jr can be trusted more than Donald Trump because he has been an advocate of Bitcoin for a long time. Trump is claiming that he supports Bitcoin but he doesn't not own any unit of the coin. He is a convict and a chronic liar. RFK on the other owns some amount of cryptocurrencies and seems to have better knowledge about the crypto industry. As an independent candidate, I doubt his ability to win the elections. I don't know his intention, but I am sure he is aware that his chances are slim. He might drop out of the race and support any of the two leading candidates to get a political appointment. Politicians cannot be trusted; they are not members of the Bitcoin tribe. We shouldn't even believe or celebrate what they say because they have their agenda.

[STT]

No tax from crypto gains ? forget about it  

More likely the opposite, I doubt USA buys BTC over accepting back their own created dollars.  However they could allow people to settle income tax with BTC and that way gov has a regular supply of BTC coming its way.

A third party candidate may be unlikely to win or be allowed to win.   Ross Perot was the last figure allowed to take part in presidential debates and they just saw it as splitting the vote or a negative to the big party interests hence deliberate exclusion occurs from that threat.

A third party candidate or any candidate such as Bernie Sanders can influence the manifesto brought forward by a successful candidate to the office of President.   So there is an influence in policy but its not direct and it must be a popular policy that is seen to win votes.

[legiteum]

For me the best proposal was not the creation of the Bitcoin reserve, the best was to apply 0 tax to exchanges between Bitcoin and USD and make them non-reportable. About that I have not heard so much talk and in a world that walks more and more to control and CBDCs, making a non kyc no tax for any exchange between USD and Bitcoin is among the most libertarian thing I have heard in recent years.

So you are afraid of KYC but fine with the US exerting defacto control over the Bitcoin market by using it's financial power to effectively set the price of Bitcoin.

Oh yes, so "libertarian" .

And you want the US government to treat Bitcoin--specifically Bitcoin and (I assume) not any other investment or even other digital currencies--as a special tax-free investment that has a unique advantage over every other investment known to man.

In other words, you want to use the power of the government to prop up your investment.

Ayn Rand would be so proud .

[mpoletiek]

Robert F. Kennedy Jr can be trusted more than Donald Trump because he has been an advocate of Bitcoin for a long time. Trump is claiming that he supports Bitcoin but he doesn't not own any unit of the coin. He is a convict and a chronic liar. RFK on the other owns some amount of cryptocurrencies and seems to have better knowledge about the crypto industry. As an independent candidate, I doubt his ability to win the elections. I don't know his intention, but I am sure he is aware that his chances are slim. He might drop out of the race and support any of the two leading candidates to get a political appointment. Politicians cannot be trusted; they are not members of the Bitcoin tribe. We shouldn't even believe or celebrate what they say because they have their agenda.

Compared to RFK... Trump had an NFT project first 

Although... pretty sure $BOBBY is a thing now.

[Reatim]

Politicians cannot be trusted; they are not members of the Bitcoin tribe. We shouldn't even believe or celebrate what they say because they have their agenda.

I really do not like how bitcoin is being used for political agendas. It is undeniable that at some point no matter how much decentralization we want to push, the government still has some hand in play. So I understand that it is best if we choose a candidate that is most likely to deliver good results for the community, even if it just a political ploy or not.

[SickDayIn]

On the other hand, another candidate has actually said almost the same thing way before Trump. Kennedy Jr. seems keen on acquiring more bitcoin to match the gold the country has. He wants to have 4 million bitcoins as the strategic reserve.

The reality is RFK Jr is not going to win the election. He can make as many claims as he wants, there is no way the US Federal Reserve will hold 4 million Bitcoins. That is ~20% of the total supply, and much less of the total circulating supply. It's good attention for Bitcoin, but even Trump's claim of being able to hold 1 million Bitcoins is a dream at best. I support the strategy overall, but let's not look at what politicians promise before the election. Let's look at what happens after.

[CryptoBuds]

Politicians cannot be trusted; they are not members of the Bitcoin tribe. We shouldn't even believe or celebrate what they say because they have their agenda.

I really do not like how bitcoin is being used for political agendas. It is undeniable that at some point no matter how much decentralization we want to push, the government still has some hand in play. So I understand that it is best if we choose a candidate that is most likely to deliver good results for the community, even if it just a political ploy or not.

The bottom line is that it doesn't matter whether we like it or not because we will have no way of stopping them from doing anything with bitcoin. Governments are increasingly intervening in the market, introducing more regulations as well as bitcoin ETFs that are not good for the decentralized nature of bitcoin. But besides complaining, is there anything we can do to change these things? No, there's nothing we can do. So we need to adapt to everything if we don't want to be eliminated.

Everyone knows politicians are liars and don't keep their promises. But besides the three current candidates, do we have any other solutions?