Impartial US presidential candidate Robert F. Kennedy Jr. made headlines on the Bitcoin 2024 convention by pledging to buy 4 million Bitcoins for the U.S. authorities if elected president. Talking to a cheering crowd, Kennedy outlined his daring plan to combine Bitcoin into the nationwide financial system.
“I’ll signal an government order directing the U.S. Treasury to buy 550 Bitcoin every day till the U.S. amasses a reserve of a minimum of 4 million,” Kennedy declared. This could symbolize almost 20% of the whole Bitcoin provide.
Kennedy additionally stated he would switch the 204,000 Bitcoin presently held by the federal government right into a Federal Reserve strategic reserve. He promised the cascading influence of those strikes would “successfully transfer Bitcoin to a valuation of a whole lot of trillions of {dollars}.”
He praised Bitcoin as “the foreign money of hope” and a method to restore monetary stability after years of poor financial insurance policies. “Fiat foreign money was invented to fund the battle,” Kennedy stated, including {that a} Bitcoin customary would eradicate incentives for navy battle.
Whereas Kennedy will not be doing very properly in early polls, his full-throated embrace of Bitcoin might assist him acquire traction with libertarian-leaning voters. He railed towards excessive inflation and shrinking buying energy, points he believes adopting a Bitcoin customary would handle.
Kennedy additionally pledged to make Bitcoin transactions non-taxable and permit Bitcoin to be exchanged tax-free. He stated Bitcoin’s transparency makes it “the best foe of presidency corruption.”
With Bitcoin turning into a sizzling matter within the 2024 race, Kennedy is clearly making an attempt to grab the mantle as probably the most Bitcoin-friendly candidate. His name for an enormous 4 million bitcoin reserve reveals he’s keen to stake out daring positions to draw the rising Bitcoin voter bloc.