US Presidential candidate Robert F. Kennedy Jr. announces plan to back the US dollar with Bitcoin. Do your think it is a good idea?
Bad idea.
Even the US. dollar is inflationary and lost its purchasing power over time, it's terrible idea to back the US. dollar by Bitcoin. You can connect this idea with the Terra Foundation Guard which uses some cryptocurrencies including Bitcoin and how it failed to protect Terra LUNA token and its algorithmic stable coin UST.
Luna Foundation Guard Adds to Terra Reserves With $880M LUNA 'Gift'. 1 month after that, the Terra death spiral happened.
Lastly, don't believe in politicians as Robert F. Kennedy is only trying to make noise, get votes for him. Politicians usually don't keep their promises.