Independent presidential candidate Robert F Kennedy Jr has announced an ambitious plan to integrate Bitcoin into the U.S. economy. He wants to fix what he sees as a broken financial system and society.
Will his plan come to fruition? Let’s dive in.
At the Bitcoin2024 conference in Nashville, Kennedy shared his bold proposals for when he becomes president. One major idea is to transfer 204,000 Bitcoins held by the U.S. government to the Federal Reserve. He also plans for the Treasury Department to buy 550 Bitcoins each day until the reserve hits at least 4 million BTC.
Kennedy believes this Bitcoin reserve could give the U.S. economic power like never before. He suggests that its value could reach hundreds of trillions of dollars. His enthusiasm for Bitcoin is similar to former President Donald Trump, though Vice President Kamala Harris has not yet shared her views on this topic.
