Robert F. Kennedy Jr., an independent US presidential candidate, aims to make the nation the world’s largest Bitcoin holder. Kennedy proposes a plan to equate the US’s Bitcoin reserves with its gold assets, totaling an immense $615 billion.
This amounts to nearly 45% of all Bitcoin ever to be mined.
Donald Trump vs. Robert Kennedy Jr: Who is the Real Bitcoin Candidate?
During a discussion with YouTuber Scott Melker, Kennedy laid out his strategy to mitigate inflation through Bitcoin adoption.
“Inflation is a form of government theft. To end that, you would be willing to add Bitcoin to the balance sheet. I’m going to do that,” Kennedy declared.
Kennedy’s comprehensive plan includes launching a new series of US Treasury bills initially linked to Bitcoin by 1%, escalating gradually to 100%. He envisions that throughout his first term, the federal government would aggressively purchase Bitcoin to match its gold reserves.
Read more: How to Protect Yourself From Inflation Using Cryptocurrency
The US currently holds the largest global gold reserve, amounting to 8,134 tons, valued at $615 billion. To align Bitcoin holdings with gold, the government would need to acquire about 9.4 million BTC. This policy could position the US as a predominant force in the Bitcoin market, potentially leading to substantial benefits for BTC investors during Kennedy’s presidency.
Long an advocate for Bitcoin, Kennedy has demonstrated his commitment through personal investments. He bought 14 Bitcoin last year, showcasing his belief in crypto as essential for combating political censorship and preserving a free society. Kennedy articulates a clear vision where decentralization is crucial for democracy’s survival.
“I put my lot of personal net worth in Bitcoin because I just love the beauty of it. I think that makes you the real Bitcoin candidate,” Kennedy stated.
However, despite his strategies and dedication to transformative economic policies, Kennedy faces steep odds in his Presidential campaign. Decentralized betting platforms like Polymarket show Kennedy’s chances of winning at less than 1%. In contrast, Trump’s prospects are much higher, with a 60% likelihood of securing the Presidency.
Read more: Who Owns the Most Bitcoin in 2024?
While Donald Trump also endorses Bitcoin, Kennedy has opposed certain Trump announcements.
Trump has hinted at appointing Jamie Dimon as Secretary of the Treasury. Kennedy strongly opposes this potential appointment, critiquing Dimon’s past negative views on Bitcoin as a “Ponzi scheme” and “scam.”
“Jamie Dimon is not somebody who’s going to be interested in dismantling the FED and disempowering the FED, which we need to do. We need to stop the FED from just being a money-printing machine. Dimon is somebody who’s been very, very hostile to Bitcoin in the past,” Kennedy said.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
