RFK Jr. Proposes Ambitious Bitcoin Investment for U.S. Government

• RFK Jr. proposes the U.S. government invest in Bitcoin, equating its value to the nation’s gold reserves.
• Kennedy’s plan includes integrating cryptocurrencies and metals into U.S. currency, aiming for 100% backing.
• If implemented, Kennedy’s strategy would make the U.S. the largest Bitcoin holder, boosting cryptocurrency value.

Presidential candidate Robert F. Kennedy Jr. has outlined a plan for the U.S. government to dramatically increase its investment in Bitcoin, aiming to match the nation’s gold reserves in value. This initiative, discussed during a recent interview with Custodia Bank CEO Caitlin Long and hosted by YouTuber Scott Melker, highlights Kennedy’s vision for integrating cryptocurrency into national economic strategy.

Kennedy’s strategy involves the federal government purchasing Bitcoin to eventually equal the value of its considerable gold holdings. The United States currently boasts the largest gold reserve globally, approximately 8,134 tons, valued at around $615 billion. Achieving an equivalent Bitcoin reserve would require the acquisition of about 9.4 million BTC, representing nearly 45% of the cryptocurrency’s maximum supply.

Under Kennedy’s proposal, this vast acquisition of Bitcoin would be concentrated within his first four years in office, fundamentally shifting the asset base of the U.S. Treasury. Additionally, Kennedy envisions a gradual integration of cryptocurrencies and precious metals into the backing of U.S. currency and government debt.

This integration would start modestly, with a 1% backing in the first year, escalating to a complete 100% backing over time through new classes of Treasury bills.

Kennedy argues that Bitcoin’s decentralized nature and transparent ledger not only ensure fiscal honesty but could also reinforce democratic values by reducing centralized control over the economy. “If we want to save our democracy, we need to decentralize,” Kennedy stated, advocating for Bitcoin’s role in achieving this goal. He also proposed eliminating capital gains taxes on Bitcoin to foster a supportive environment for cryptocurrency ventures within the United States.

Should Kennedy’s plan come to fruition, the U.S. would eclipse all current holders to become the largest single Bitcoin proprietor worldwide, surpassing entities like MicroStrategy and BlackRock. Such a government-led initiative could potentially catalyze a significant appreciation in Bitcoin’s value, offering a windfall to current investors.

Kennedy’s approach presents a radical shift from traditional economic strategies, positioning cryptocurrency at the forefront of America’s financial future. His plans propose not just an economic overhaul but a reimagining of how democratic values can be woven into the fabric of fiscal policy.