Independent US governmental prospect Robert F. Kennedy Jr. made headings at the Bitcoin 2024 conference by promising to acquire 4 million Bitcoins for the U.S. federal government if elected president. Speaking to a cheering crowd, Kennedy described his vibrant strategy to incorporate Bitcoin into the nationwide economy.
“I will sign an executive order directing the U.S. Treasury to purchase 550 Bitcoin daily until the U.S. amasses a reserve of at least 4 million,” Kennedy stated. This would represent almost 20% of the overall Bitcoin supply.
Kennedy also stated he would move the 204,000 Bitcoin presently held by the federal government into a Federal Reserve tactical reserve. He guaranteed the cascading effect of these relocations would “effectively move Bitcoin to a valuation of hundreds of trillions of dollars.”
He applauded Bitcoin as “the currency of hope” and a method to bring back monetary stability after years of bad financial policies. “Fiat currency was invented to fund the war,” Kennedy stated, including that a Bitcoin requirement would remove rewards for military dispute.
While Kennedy is refraining from doing extremely well in early surveys, his full-throated accept of Bitcoin might assist him get traction with libertarian-leaning citizens. He railed versus high inflation and diminishing buying power, problems he thinks embracing a Bitcoin requirement would resolve.
Kennedy also vowed to make Bitcoin deals non-taxable and enable Bitcoin to be exchanged tax-free. He stated Bitcoin’s openness makes it “the greatest foe of government corruption.”
With Bitcoin ending up being a hot subject in the 2024 race, Kennedy is plainly attempting to take the mantle as the most Bitcoin-friendly prospect. His require an enormous 4 million bitcoin reserve reveals he wants to stake out vibrant positions to bring in the growing Bitcoin citizen bloc.
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