Kennedy’s Bitcoin Reserve Plan

In a bold political maneuver, presidential candidate Robert F. Kennedy’s Bitcoin reserve plan has been announced to push U.S. to acquire Bitcoin reserves equivalent in value to the nation’s gold reserves. This proposal, significantly more ambitious than the rumored intentions of President Donald Trump. It could position the United States as the world’s largest holder of Bitcoin.

A Bold Vision for Bitcoin

During a recent interview with Custodia Bank CEO Caitlin Long and YouTuber Scott Melker, Kennedy outlined his vision for integrating Bitcoin into the U.S. treasury system. He advocates for buying Bitcoin until its value matches the U.S.’s gold reserves—approximately $615 billion, or about 9.4 million BTC, nearly 45% of Bitcoin’s maximum supply.

“Bitcoin is an honest currency,” Kennedy stated. “It’s based on proof of work, transparent through its ledger, decentralized, and that’s what we need to do with democracy.”

Expanding Monetary Policy

Kennedy’s Bitcoin Reserve plan includes backing government currency and debt with a diverse basket of hard assets. Including gold, silver, platinum, and Bitcoin. He proposes that a new class of U.S. Treasury bills could gradually be tied to these assets. Starting at 1% the first year and escalating to 100% over time.

The timeline for these ambitious Bitcoin acquisitions is set within Kennedy’s potential first term, aiming to significantly bolster the federal government’s cryptocurrency holdings within four years.

Implications of a Kennedy’s Bitcoin Reserve plan

If Kennedy’s plan comes to fruition, the U.S. could overshadow current Bitcoin leaders like MicroStrategy and BlackRock, becoming a colossal player in the cryptocurrency market. This move would not only potentially increase the global stature of Bitcoin but also create a lucrative environment for BTC investors during his presidency.

Kennedy also aims to abolish capital gains taxes on Bitcoin to further encourage the cryptocurrency industry’s growth within the U.S.

“If we want to save our democracy, we need to decentralize,” Kennedy emphasized. “Bitcoin is honest because there’s nobody in charge.”

Kennedy’s proposal to align U.S. financial assets with Bitcoin represents a radical shift in economic policy. Reflecting a broader vision of leveraging blockchain technology to enhance transparency and decentralization in government operations. This could have profound implications for the global financial landscape and the future of democratic governance.