Robert F. Kennedy Jr. Pledges To Make Bitcoin A Strategic Reserve Asset

As the election approaches, Republican presidential candidate Robert F. Kennedy Jr. has called on the nation to acquire millions of BTC as a strategic reserve asset

Republican presidential candidate Robert F. Kennedy Jr. has announced plans to make Bitcoin a strategic reserve asset in the US. Kennedy Jr. made the announcement at the Bitcoin 2024 conference on July 26.

If elected, Kennedy Jr. said he would issue a pro-Bitcoin executive order on day one of his victory. This order will direct the Department of Justice and the US Marshals to transfer the approximately 200,000 BTC currently held by the US government to the country’s Treasury, where it will be held as a strategic reserve asset.

Additionally, Kennedy stated that he would issue another order that would mandate the Treasury to acquire about 550 BTC daily until the US has established a reserve of at least 4 million BTC. Kennedy intends to match the US BTC holdings with its gold reserve, which currently boasts about 19% of the world’s gold reserve.

Kennedy also said he would make BTC a legal asset of exchange into real properties and aspires to pass an executive order to the IRS to treat the asset as such once he takes over the presidential seat.

Highlighting the potential of Bitcoin, Kennedy said that the most significant aspect of the crypto community is the unity among supporters, which reminds him of how America is supposed to be.

“Because of this, I believe that BTC is the technology for freedom, optimism, independence, democracy, and transparency. It is the currency of hope, it is the perfect currency,” he said.

While advocating for BTC as a strategic reserve asset that could strengthen the US dollar, Kennedy also noted that the action would make the country a leader in cyberspace, ushering in a new era of innovation.

He also mentioned rival presidential candidate Donald Trump‘s recent outspoken endorsement of BTC. Kennedy said that during his next speech at the conference, Trump might propose a plan to authorize the US government to purchase 1 million BTC as a strategic reserve asset, which would be a good move for the country.

Kennedy said he hopes that Trump‘s dedication toward BTC spans beyond political expediency, as the most cynical reason could be to excite 60 million BTC holders with policies that will increase its price. He stressed the need for a proper understanding of BTC’s potential to protect the US financial system and individuals against cyber dangers.

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