Robert F. Kennedy Jr. Proposes Massive Bitcoin Reserve for the U.S. Government

In a current interview, Presidential candidate Robert F. Kennedy Jr. instructed that the federal authorities ought to purchase sufficient Bitcoin to match the worth of the nation’s gold reserves.

The U.S. authorities presently holds 8,134 tons of gold, valued at roughly $615 billion. To match this worth in Bitcoin, the federal government would wish to acquire round 9.4 million BTC at present costs, which represents almost 45% of the full Bitcoin provide.

Kennedy’s plan aligns together with his broader technique to again each authorities forex and debt with a mixture of arduous belongings, together with gold, silver, platinum, and Bitcoin. He elaborated on this concept, proposing a brand new class of U.S. Treasury payments anchored to this basket of belongings. The anchoring would begin at 1% within the first 12 months, enhance to 2% within the second 12 months, and finally attain 100% over time.

The bold Bitcoin acquisition could be carried out throughout Kennedy’s first 4 years in workplace. “I want to have the federal authorities start to purchase Bitcoin and over my time period in workplace, finally have an equal quantity of Bitcoin that we’ve gold,” he stated.

If applied, this plan would make the USA the most important Bitcoin holder globally. At present, the most important company Bitcoin proprietor is MicroStrategy, with 226,331 BTC valued at $14.41 billion. The world’s largest Bitcoin ETF, managed by BlackRock, holds 334,000 BTC price $21.73 billion. The U.S. authorities’s potential holdings would dwarf these figures.

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