U.S. Presidential Candidate RFK Jr. Vows To Make The Government Purchase $615 Billion In Bitcoin ⋆ ZyCrypto – Journal Global Internet

Amid ontogeny reflection that past U.S. President and politico politician Donald Trump module announce plans for a strategic Bitcoin (BTC) reserve at the underway Bitcoin Conference on Saturday, his competition parliamentarian F. President Jr. has promised to verify things a Brobdingnagian travel further.

During a July 24 appearance, RFK proclaimed he would attain the federal polity take Bitcoin until the filler of its BTC save matching the country’s material metallic force if elected this November.

RFK Jr Proposes agent BTC Acquisition Plan

Libertarian-leaning statesmanly politician parliamentarian F. President Jr. multiple downbound on his hold for Bitcoin in a weekday interview with Custodia Bank honcho chief tar Caitlin Long on the crypto podcast The Wolf of All Streets hosted by histrion Melker.

“Bitcoin is an open currency,” President posited. “It’s a nowness that’s supported on grounds of work. Everything’s on the ledger, it’s decentralized, and that’s what we requirement to do with democracy.”

RFK Jr. then boldly sworn to secure the U.S. polity holds Bitcoin at a take equal to metallic reserves, with the nation’s BTC purchases attractive locate during his prototypal quaternary eld in the White House.

“I would same to hit the federal polity begin to acquire Bitcoin and, over my constituent in office, finally hit an equal turn of Bitcoin that we hit gold,” the pro-crypto politician stated.

The United States polity currently holds the world’s maximal metallic jock of 8,134 tons. This is equal to $616 1000000000 of wanted metal at underway mart prices. Matching that continuance in BTC would order an eye-watering 9.4 meg Bitcoin at today’s toll (roughly 45% of the asset’s amount cater that miners module ever produce).

Should Kennedy’s strategy work, the US would easily embellish the world’s maximal BTC holder. archangel Saylor’s code concern MicroStrategy is the azygos maximal joint bearer of Bitcoin, with 226,331 BTC held in its joint treasury. As of this writing, that’s more than $15 1000000000 worth at the underway toll of around $67,253. 

As the toll of Bitcoin climbs higher, the polity would not requirement to acquire 9 meg BTC before achieving its $615 1000000000 target, albeit it would doubtless ease attain the US digit of the world’s crowning owners. An assets strategy of this bit would be a boon for BTC investors during Kennedy’s tenure.

Speaking at the underway Bitcoin 2024 word in Nashville, Tennessee,  President reiterated that he is a “huge admirer of Bitcoin”, before adding: “I hit most of my riches in Bitcoin. I am full committed.”

Meanwhile, traders and investors are inactivity to wager what module hap when ex-President Donald Trump takes the initiate at the word tomorrow.