Robert F. Kennedy Jr., a Republican presidential candidate, is making waves in the crypto world with his bold plan to make Bitcoin a strategic reserve asset for the United States. He believes that this move could strengthen the US dollar and make America a leader in cyberspace.
Bitcoin as a Strategic Reserve
At the Bitcoin 2024 conference, Kennedy Jr. outlined his plan to:
- Transfer existing government Bitcoin: He wants to move the 200,000 BTC currently held by the US government to the Treasury, where it would be treated as a strategic reserve.
- Buy more Bitcoin: He wants to purchase 550 BTC daily until the US has a reserve of at least 4 million BTC, matching the country’s current gold reserve.
- Make Bitcoin eligible for real estate transactions: He wants to make it easier for people to use Bitcoin to buy and sell property.
Kennedy Jr. believes that Bitcoin is the currency of hope and freedom, and that it can help protect the US financial system from cyber threats.
Trump’s Bitcoin Support
Kennedy Jr. also mentioned that his rival, Donald Trump, has expressed support for Bitcoin. He believes that Trump might even propose a plan to buy 1 million BTC for the US government. However, Kennedy Jr. is cautious about Trump’s motives, suggesting that he might be trying to appeal to Bitcoin holders rather than genuinely understanding the potential of the technology.
A New Era of Innovation
Kennedy Jr. believes that making Bitcoin a strategic reserve asset would not only strengthen the US dollar but also put the country at the forefront of innovation in cyberspace. He sees this as a chance for America to embrace a new era of technology and financial independence.
