Robert F. Kennedy Jr. promises to establish a Bitcoin strategic reserve: if elected, he will purchase 500 BTC daily until reaching 4 million
ChainCatcher news, independent presidential candidate Robert F. Kennedy Jr. delivered a speech at the Bitcoin2024 event on July 26, Beijing time, highly praising the potential role of Bitcoin in improving the U.S. economy and way of life.
He promised to sign multiple executive orders to initiate relevant processes once in office. Kennedy stated that he would request the Department of Justice and U.S. Marshals to transfer the 204,000 Bitcoins held by the U.S. to the Federal Reserve as "strategic assets" and instruct the Treasury to purchase 500 Bitcoins.
He predicted that the U.S. would achieve a "dominance that other countries cannot surpass," with the eventual value of its Bitcoin reserves reaching "trillions of dollars."
Additionally, Kennedy plans to order that all transactions between Bitcoin and the U.S. dollar do not need to be reported to the IRS and that Bitcoin be included in the 1031 exchange program to encourage investment.
He emphasized that the freedom to transact is as important as freedom of speech, and Bitcoin can provide this freedom and help restore the U.S. economy. Kennedy also stated that if the world adopts the Bitcoin standard, there will be no more wars because "Bitcoin cannot be printed."
He plans to appoint Space Force Major Jason Lowery as National Security Advisor and has committed to backing U.S. Treasury bonds with hard assets, including precious metals and Bitcoin, to strengthen the dollar, control inflation, and usher in a new era of financial stability.
