Robert F. Kennedy, an independent presidential candidate, has proposed that the US government should buy and hold Bitcoin as a “strategic asset.” If elected, Kennedy plans to sign an executive order on his first day in office directing the U.S. Department of Justice and the Marshals Service to transfer the approximately 200,000 BTC in their possession to the Department of the Treasury for safekeeping. Additionally, he aims to have the government purchase more BTC, with a goal of acquiring a reserve of at least four million Bitcoins.
Kennedy believes that acquiring a significant amount of Bitcoin will give the US a position of dominance that no other country can challenge. He compares this strategy to the nation’s holdings of global gold reserves, aiming for a similar proportion of total Bitcoin reserves. This move, according to Kennedy, will have a cascading impact that could potentially drive Bitcoin’s valuation to hundreds of trillions of dollars.
In addition to acquiring and holding Bitcoin, Kennedy also intends to issue a third executive order directing the Internal Revenue Service to provide public guidelines stating that transactions between the US dollar and Bitcoin are unreportable and nontaxable. This would provide further support for the use and circulation of Bitcoin within the US economy.
Despite Kennedy’s ambitious plans, he is currently polling at around 5%, far behind former President Donald Trump and Vice President Kamala Harris. The New York Times reports that Trump leads with 44% support, followed closely by Harris with 43%. However, Kennedy remains committed to his vision of incorporating Bitcoin into the US government’s strategic assets.
To stay updated on Kennedy’s campaign and proposals, interested individuals can subscribe to receive email alerts directly to their inbox. Additionally, they can follow Kennedy’s progress on X, Facebook, and Telegram. With his innovative stance on Bitcoin and strategic asset management, Kennedy continues to garner attention and support from those interested in the intersection of cryptocurrency and government policy.
