Robert President Jr. Proposes Bitcoin Purchase To Match US Gold Reserves: ‘An Offramp To The Inflationary Highway’ – Information Important Web

In a large publicity for the world’s maximal cryptocurrency, statesmanly politician Robert F. President Jr. said he’d attain the U.S. polity acquire Bitcoin BTC/USD equal to the country’s metallic reserves.

What Happened: Kennedy, who is streaming as an independent, spoken during an interview, his aim to work the federal polity to amass Bitcoin until its holdings equaled the nation’s metallic reserves.

It’s worth noting that the U.S. has the maximal metallic force of some land in the world, worth nearly $579 billion, according to the World Gold Council. This is equal to 43% of Bitcoin’s underway orbicular mart cap.

It’s worth noting that

In the discourse tempered by YouTuber histrion Melker, President described Bitcoin as an ‘honest currency,’ praising its localised nature for embodying egalitarian principles. He also dubbed that nowness an “offramp to the inflationary highway.”

See Also: Senator Cynthia Lummis Slams Biden Administration’s ‘Dangerous Scheme’ To Impose 30% Tax On Bitcoin Mining, disposition It ‘Blatant Attack’ On dweller Excellence

Why It Matters: These remarks become amid considerable speculations that politico statesmanly nominee Donald Trump module foretell Bitcoin as a strategic jock quality during the current Bitcoin Conference 2024. Interestingly, President is also slated to intercommunicate at the canopy event.

Kennedy’s pro-cryptocurrency attitude is not new. Earlier in March, he blamed bounteous banks for motion legislature members against Bitcoin and stressed the requirement for transactional freedom.

Kennedy has also praised Trump’s parader to a pro-cryptocurrency stance during the Consensus 2024 word in May.

Price Action: At the instance of writing, Bitcoin was exchanging safekeeping at $67,150.49, actuation 4.5% in the terminal 24 hours, according to data from Benzinga Pro. Memecoin themed on RFK, Kennedy Coin BOBBY/USD plunged 4.65% in the terminal 24 hours.

Photo by Ringo Chiu on Shutterstock

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Disclaimer: This noesis was part produced with the support of Benzinga Neuro and was reviewed and publicised by Benzinga editors.