Bitcoin Vital to Dollar Stability: Kennedy Jr. Calls for 4 Million BTC Reserve
Many key political players are interested in bitcoin amidst the forthcoming US presidential race. Republican presidential candidate, Robert F. Kennedy Jr., has advised that the country should go ahead and buy a few million bitcoin as strategic reserve asset in order to strengthen her currency.
Kennedy Jr. Promises Bitcoin Strategic Reserve Status
On July 26, at the Bitcoin 2024 conference, Kennedy Jr. promised that Bitcoin would be designated as a strategic reserve asset for his presidency if he takes office. According to him, this move may improve the United States’ currency by integrating it into its financial system.
The Presidential aspirant plans to announce an executive order on behalf of Bitcoin at the conference one within his first day in office. This will see The Department of Justice and US Marshals transfer about 200K BTC held by them to Treasury which will include this as a strategic reserve asset.
Also, Kennedy may tell the Treasury Department every day to purchase Bitcoins worth 550 coins until they have acquired a total of four million of them just like America’s holding is nineteen percent of all gold reserves across countries globally.
Kennedy believes Bitcoin may be exchanged for real estate and wants an executive order from him on becoming president instructing IRS how to treat it accordingly.
The crypto advocate said that joining the Bitcoin community had reminded him of America because of their solidarity with each other.
He supports BTC as a strategic reserve assets towards strengthening the dollar while he equally believes that it would make his country become a cyberspace leader ushering in new era of innovation.
In addition, he also gave examples where Trump had openly supported BTC recently. He stated that Trump might use his forthcoming address at conference to propose buying one million BTC by USA government as its strategic reserve asset which is beneficial for country itself.
