Post
Topic
Board Bitcoin Discussion
Re: US Presidential candidate announces plan to back the US dollar with Bitcoin
by
Bushdark
on 27/07/2023, 22:40:30 UTC
US Presidential candidate Robert F. Kennedy Jr. announces plan to back the US dollar with Bitcoin. Do your think it is a good idea?
source: https://www.thestreet.com/cryptocurrency/rfk-jr-announces-plan-to-back-dollar-with-bitcoin-end-bitcoin-taxes
This is some of the techniques people are using to get presidential seat as a politicians. We know tgag people changes and I am still thinking why he we say that he want to back the USD on Bitcoin well known that the Crypto market is very volatile and if this happens, the USD is going to crumble and fall flattened.

This is not posible because the USD can not be backed by Bitcoin that is known for huge volatility that can create loses at anytime. Bitcoin is good for investment and to make transactions. If we want to hold Bitcoin, then the motive will be to wait as long as possible for the market to be positive for profits to be made. Bitcoin is not a stable coin like the USDT, BUSD etc that don't have volatility.