Kennedy Proposes Massive Bitcoin Investment if Elected

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.

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.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.