US presidential candidate Robert Kennedy praised the role that Bitcoin could play in improving the US economy at the Bitcoin 2024 conference. He proposed a comprehensive reform of US monetary policy and added that BTC could restore the US economy to its pre-Nixon era. He promised to issue four executive orders related to Bitcoin if elected:
1. Consider the 204,000 Bitcoins held by the US as "strategic assets" and buy 550 Bitcoins every day;
2. Establish a reserve of at least 4 million Bitcoins, claiming that this would make the US a dominant economic power;
3. Make BTC-USD transactions exempt from reporting or taxation to the US Internal Revenue Service;
4. Allow BTC to be exchanged for real estate as a 1031-compliant asset.
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