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Presidential Hopeful Robert F. Kennedy Says His Administration Will Gobble Up 4,000,000 Bitcoin

July 30, 2024

Independent presidential candidate Robert F. Kennedy wants the US government to buy and hold Bitcoin (BTC) as a “strategic asset.”

If elected, Kennedy says he’ll sign an executive order on his first day in office directing the U.S. Department of Justice (DOJ) and the Marshals Service to transfer the approximately 200,000 BTC in their possession to the Department of the Treasury for holding.

He also says he’ll direct the government to buy more BTC.

“On day one as president, I will sign another executive order directing the US Treasury to purchase 550 Bitcoin daily until the US has built a reserve of at least four million Bitcoins and a position of dominance that no other country will be able to usurp. 

Our nation holds approximately 19% of global gold reserves. This policy will give us about the same proportion of total Bitcoin. The cascading impact of these actions will eventually move Bitcoin to a valuation of hundreds of trillions of dollars.”

Kennedy says he also would sign a third executive order directing the Internal Revenue Service (IRS) to issue public guidelines that state that all transactions between the US dollar and Bitcoin are unreportable and nontaxable.

Kennedy is currently polling around 5%, compared to 44% for former President Donald Trump and 43% for Vice President Kamala Harris, according to The New York Times.

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