U.S. presidential candidate Robert F. Kennedy Jr.: The U.S. BTC holdings should match the scale of gold reserves

2024-07-26 09:06:42

Collection

ChainCatcher news, according to Decrypt, U.S. presidential independent candidate Robert F. Kennedy Jr. stated that if elected, he would push for the federal government to purchase $615 billion worth of Bitcoin until the amount of Bitcoin held by the U.S. matches the country's gold reserves. Kennedy said in an interview, "Bitcoin is honest money; it is a currency based on proof of work. Everything is on the ledger, it is decentralized, and that is what we need to do for democracy. I want the federal government to start buying Bitcoin and ultimately hold an amount of Bitcoin equivalent to gold during my term."

It is reported that the U.S. government is the largest holder of gold in the world, with 8,134 tons of gold. At current prices, the gold is valued at $615 billion, requiring 9.4 million BTC to match this value, which is nearly 45% of the total supply.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.