Kennedy steered that the federal authorities can buy Bitcoin till its holdings match the worth of the nation’s gold reserves.
Present U.S. Gold Reserves About 8,133 tons, value roughly US$615 billion. Due to this fact, this quantity of Bitcoin is equal to roughly 9.4 million Bitcoins, which is nearly 45% of the overall provide.
“I need the federal authorities to begin shopping for Bitcoin and find yourself proudly owning as a lot Bitcoin as gold on my watch as a result of Bitcoin is an sincere forex.”
He made the feedback throughout an interview this week with Custodia Financial institution CEO Caitlin Lengthy and YouTuber Scott Melker.
RFK Jr. talks Bitcoin
“Bitcoin is a novel invention that goals to duplicate the intrinsic worth of gold,” he added. “It has a bonus over gold in that it’s infinitely divisible, making it an excellent forex.”
He additionally mentioned he was happy that rival presidential candidate Donald Trump had turned to cryptocurrencies.
“I am very happy that Trump has publicly dedicated to supporting Bitcoin; this can be a new downside for him and he has not labored on it prior to now,” he mentioned.
Kennedy Calling Bitcoin an “sincere forex” based mostly on proof of labor and decentralization, he added that he plans to again authorities fiat currencies and debt with a basket of exhausting currencies together with gold, silver and Bitcoin.
He steered launching a brand new class of Treasury payments that might be anchored to 1% of the basket within the first yr, 2% within the second yr, and finally 100% over time.
“If we wish to save our democracy, we have to decentralize it,” he mentioned, earlier than including that Bitcoin is sincere “as a result of nobody is in cost.”
“People who purchase Bitcoin perceive that Bitcoin has an actual connection to ending authorities corruption, property rights, particular person freedom, self-sovereignty, decentralization…all of the issues we care about.”
“I’ve lots of net personal wealth I select Bitcoin now as a result of I like the great thing about it,” he mentioned.
Trump’s Bitcoin Treasury
The crypto group rumor mill is awash with Donald Trump tales It can be said Bitcoin convention at the moment happening in Nashville.
There are rumors that Trump might announce the institution of a strategic Bitcoin treasury throughout his speech on the convention. Rival presidential candidate Kamala Harris will Not participating She reportedly dislikes cryptocurrencies, though she has to catch as much as attraction to voters.
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