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 govt order directing the U.S. Treasury Division to buy 550 Bitcoins per day till the USA accumulates reserves of at the least 4 million Bitcoins.” It will account for practically 20% of the full provide of Bitcoin.
Kennedy additionally mentioned that he would switch the 204,000 Bitcoins at the moment 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 tons of of billions of {dollars}.”
He praised Bitcoin because the “foreign money of hope” and a approach to restore monetary stability after years of poor financial coverage. “Fiat foreign money was invented to finance conflict,” Kennedy mentioned, including {that a} Bitcoin commonplace would take away the inducement for navy battle.
Whereas Kennedy is faring poorly in early polls, his full assist for Bitcoin could assist him win over liberal-leaning voters. He complained about excessive inflation and declining buying energy, issues that he believed could possibly be solved by adopting the Bitcoin commonplace.
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 largest enemy of presidency corruption.”
With Bitcoin turning into a scorching subject within the 2024 marketing campaign, Kennedy is clearly making an attempt to turn out to be essentially the most pro-Bitcoin candidate. His name for a large $4 million Bitcoin reserve demonstrates his willingness to take daring stances to attraction to the rising base of Bitcoin voters.
