The social equivalent of cryptocurrencies and decentralized finance also shows its effect in elections.
If the increasing inflation and uncontrolled money printing around the world push the people to question the administrators, statements about inflation and the value of money find a place in the elections.
The last call on this issue came from the USA. Among the presidential candidates, democrat Robert F. Kennedy Jr. He stated that if he is elected president in the elections to be held in 2024, he will support the US dollar with Bitcoin and BTC will be the reserve currency.
Robert F Kennedy Jr. said:
“My plan is to start very very small. 1% of bonds issued will be backed by gold, silver, platinum or bitcoin. This rate will then increase over time.
Backing the dollar with solid assets could help the dollar regain its strength and rein in inflation.
Under my rule, Bitcoin earnings will be exempt from capital gains taxes. This has benefits such as facilitating innovation, encouraging investment and respecting citizens' privacy. In this way, we can encourage entrepreneurs to stay in the US instead of going to Singapore, Switzerland, Germany and Portugal.”
The presidential candidate added that Bitcoin is not a security and should not be regulated as a security.