Independent US presidential candidate Robert F. Kennedy Jr. The Bitcoin 2024 conference made headlines when Kennedy pledged to purchase 4,000,000 Bitcoins for US government, if he were elected president. Kennedy, who was greeted with cheers from the crowd, outlined his ambitious plan to incorporate Bitcoin into national economics.
“I will sign an executive order directing the U.S. Treasury to purchase 550 Bitcoin daily until the U.S. amasses a reserve of at least 4 million,” Kennedy declared. Kennedy declared.
Kennedy added that he was transferring the 204,00 Bitcoin currently owned by the Federal Reserve into the Federal Reserve’s strategic reserve. Kennedy promised that the impact of his actions would cascade. “effectively move Bitcoin to a valuation of hundreds of trillions of dollars.”
Bitcoin is a cryptocurrency that he praised “the currency of hope” After years of bad monetary policy, it is possible to restore stability in the financial market.Fiat currency Kennedy added that Bitcoin would remove the incentive for war by removing its current standard.
Kennedy may not be doing well at the moment, but his enthusiastic embrace of Bitcoin might help him to get more support among libertarians. He lashed out at high inflation, and a shrinking purchasing ability. These are issues that he thinks adopting Bitcoin standards would solve.
Kennedy has also promised to exempt Bitcoin exchanges from tax and to eliminate Bitcoin transactions. Bitcoin, according to Kennedy, is transparent. “the greatest foe of government corruption.”
Kennedy has clearly tried to grab the title of the Bitcoin-friendly candidate in the race for 2024. He is not afraid to take bold positions in order to win over the Bitcoin voters.
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Source: bitcoinmagazine.com
