A sign that Bitcoin is going mainstream, non-partisan

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Jr. speaks onstage during the Bitcoin 2023 Conference at the Miami Beach Convention Center on May 19, 2023 in Miami Beach, Florida. (Photo by Jason Koerner/Getty Images for Bitcoin Magazine)Getty Images for Bitcoin Magazine

Presidential candidate Robert F. Kennedy Jr unveiled a major bitcoin announcement this week. The plan included cutting taxes and starting to back US debt with bitcoin, among other assets.

My plan would be to start very, very small, maybe 1% of treasuries issued would be backed by hard currency, gold, silver, platinum or bitcoin, Kennedy said according to the Bitcoin Magazines cover, reported by TheStreet.

The excitement on bitcoin Twitter was palpable, with some taking a more measured approach. Christian Keroles, Managing Director of Bitcoin Magazine, reflected on Kennedy’s comments on bitcon taxes.

Bitcoin’s tax status in the United States has been a barrier to its adoption as a payment currency, Keroles told me during our interview. He believes this narrative helps legitimize bitcoin as a new form of money.

Alex Stanczyk, host of the Cafe Bitcoin podcast, also joined in the conversation. The significance of this is not that these candidates could change laws regarding bitcoin, the significance here is that they talk about it at all, Stanczyk told me in a Twitter chat.

An interesting development considering that three 2023 presidential candidates on both sides of the aisle now openly support bitcoin. This is according to Gregory Gosson of BitcoinNews.com.

Not only is bitcoin becoming a dominant topic of political discourse, but also a bipartisan topic, Bitcoin Conference Leader Brandon Green told me during a development discussion. Kennedy, Vivek Ramaswarmy and Mayor Francis Suarez of Miami, as well as former presidential candidate Tulsi Gabbard all spoke at the Bitcoin 2023 conference this year.

Two Republicans and two Democrats, Green pointed out. For a movement historically characterized as centre-right, this new crossover interest is an important development that can help facilitate greater use and adoption.

While the laws aren’t likely to change anytime soon, I echo Stanczyk’s sentiment. The fact that politicians are speaking out positively is big news and a potential sign that voter sentiment is also changing.

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I’m a freelance writer exploring the Bitcoin ecosystem. My work has been published by Bitcoin Magazine and Bitcoin News. I am personally invested in bitcoin and am fascinated by the emerging bitcoin economy.

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