U.S. presidential candidate Robert F. Kennedy Jr. We believe bitcoin and blockchain technology could be the solution to the U.S. debt crisis.
Kennedy Jr. spoke at the Consensus 2024 conference in Texas. The company reiterated its plans to incorporate #bitcoin into its US debt management strategy.
Kennedy advocated supporting the U. S. dollar and U. S. Treasury bills in a "basket of hard assets,"... "including bitcoin" to back the nation's Treasury bills. He suggested that pegging a portion of reserves to hard currencies could help strengthen fiscal discipline and that this allocation could increase over time.
'Ultimately, I think the only way to save dollars is to take advantage of the program I described, including bitcoin,' Kennedy said. " If it works, add a percentage every year and next year bring it up to 2 percent.
Kennedy Jr. also shared that he personally owns more than 1.42 million baht worth of bitcoins.
I have bought 21 bitcoins since I started this campaign," Kennedy said. "I have also bought 3 coins for each of my children.
Treasury securities are short-term debt securities issued by the U. S. government to finance its obligations. They are sold at a discounted price compared to face value, providing investors with a return and being redeemed at full face value.
The government debt ceiling is the maximum amount of money the U. S. government is allowed to borrow. Set by Congress, it determines how much debt a country can borrow to pay its bills. The previous U. S. government debt ceiling was set at $331.4 trillion, but it has now been suspended until Jan. 1, 2025.
Kennedy Jr. said that including bitcoin in the U. S. Treasury's budget would allow the country to discipline its spending. Kennedy also argued that creating bombers and missiles would not help economic growth and said it would cut military spending. \n The ability to print money indefinitely gives politicians more power and allows us to fight all wars," he said. "The U. S.
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