Kennedy Proposes Massive Bitcoin Investment if Elected
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Independent presidential candidate Robert F. Kennedy Jr. has unveiled a plan to transform the U.S. financial landscape with a $615 billion investment in Bitcoin.
This initiative aims to align the nation’s Bitcoin holdings with its gold reserves, currently valued at approximately $615 billion.
Kennedy’s proposal involves the government acquiring around 9.4 million Bitcoin—nearly half of the total supply—that could be mined. He argues that Bitcoin’s decentralized and transparent nature makes it an ideal “honest currency” that could democratize the U.S. financial system.
The plan also includes issuing new U.S. Treasury bills backed by a mix of gold, silver, platinum, and Bitcoin. This approach could potentially position the U.S. as the world’s largest Bitcoin holder.
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Currently, corporate entities like MicroStrategy and BlackRock hold significant Bitcoin quantities, with MicroStrategy owning about 226,331 BTC and BlackRock’s ETF managing 334,000 BTC.
Meanwhile, former President Donald Trump may advocate for Bitcoin as a strategic reserve asset in his upcoming Bitcoin Conference speech.
These developments suggest a potential shift in U.S. economic policy towards greater cryptocurrency integration, which could have significant implications for the financial sector.