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Robert F. Kennedy Jr. Desire to Build a Reserve of 4 Million BTC for US Government

Key Points:

Robert F. Kennedy Jr. plans to make Bitcoin a key U.S. asset with a reserve of 4 million BTC.
He proposes tax-free Bitcoin transactions and critiques current monetary policies for inequality.
Kennedy would appoint Major Jason Lowery as an adviser and warns of losing economic dominance without an asset-backed strategy.

In a speech to Bitcoin2024 in Nashville on July 26, independent candidate for U.S. President Robert F. Kennedy Jr. outlined his revolutionary blueprint for how he would reshape America’s economic strategy.

Robert F. Kennedy Jr. Proposes Major Bitcoin Reserve Plan for US

Long-time Bitcoin bull Robert F. Kennedy Jr. let the crowd know that if he became president, the very first act he would do—on his first day in office—would be to sign an executive order decreeing Bitcoin a part of the U.S. strategic reserve.

He corners the market on cryptocurrency, putting the U.S. as the worldwide leader by transferring 200,000 Bitcoin to the U.S. Treasury. He presumes that the reserve can develop into the hundreds of trillions of dollars in value and will purchase 550 Bitcoin daily until it hits a total reserve of 4 million BTC—nearly 45 percent of the total Bitcoin supply.

This proposition was, therefore, aligned with Kennedy’s vision of merging Bitcoin’s transparency and security into the U.S. economic policies. Indeed, he faulted traditional monetary policies and recent actions by the Federal Reserve for inducing an inequality and instability effect on the economy, while his belief in Bitcoin means that it provides a more honest currency due to its immutable ledger and proof-of-work system.

Kennedy’s Leadership Vision and National Security Strategy

Kennedy said the Internal Revenue Service should treat transactions in Bitcoin as nontaxable, a shift he predicts will lead to broader application and financial independence. He also vowed to appoint Space Force Major Jason Lowery, known for his thesis on Bitcoin as a “cyber-defense system,” as a national security adviser.

He further spoke of the need for a sustainable financial strategy or else, if there is no policy movement toward an asset-backed basis, the United States runs the risk of losing its economic dominance and the dollar’s status as the world’s reserve currency.

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.