Unbiased US presidential candidate Robert F. Kennedy Jr. made headlines on the Bitcoin 2024 convention when he pledged to buy 4 million Bitcoins for the US authorities if elected president. Addressing a cheering crowd, Kennedy outlined his daring plan to combine Bitcoin into the nation’s financial system.
Kennedy declared: “I’ll signal an government order directing the U.S. Treasury Division to buy 550 Bitcoins per day till the US accumulates reserves of at the very least 4 million Bitcoins.” This may account for almost 20% of the entire provide of Bitcoin.
Kennedy additionally mentioned that he would switch the 204,000 Bitcoins at present held by the federal government to the Federal Reserve’s strategic reserve. He promised that the knock-on results of those measures would “successfully push Bitcoin’s valuation into the a whole lot of billions of {dollars}.”
He praised Bitcoin because the “forex of hope” and a approach to restore monetary stability after years of poor financial coverage. “Fiat forex was invented to finance conflict,” Kennedy mentioned, including {that a} Bitcoin customary would take away the inducement for navy battle.
Though Kennedy is faring poorly in early polls, his full help for Bitcoin might assist him win over liberal-leaning voters. He complained about excessive inflation and declining buying energy, issues that he believed might be solved by adopting the Bitcoin customary.
Kennedy additionally pledged to make Bitcoin transactions tax-free and permit Bitcoins to be exchanged tax-free. He mentioned that Bitcoin’s transparency makes it “the most important enemy of presidency corruption.”
With Bitcoin turning into a scorching subject within the 2024 marketing campaign, Kennedy is clearly attempting to develop into probably the most pro-Bitcoin candidate. His name for an enormous $4 million Bitcoin reserve demonstrates his willingness to take daring stances to enchantment to the rising base of Bitcoin voters.
