Robert F. Kennedy Jr. an independent candidate for the presidential seat in the United States upcoming election revealed his strategic plan to add “550 BTC daily” in a speech at the 24 Bitcoin Event held on July 26. FRK Jr. stated that if he becomes the next president of the U.S. he aims to inject a total of 204,000 Bitcoin into Federal Reserves as a “strategic asset.”
Kennedy also proposed to add 550 BTC daily until the reserves reached the figure of 4 Million Bitcoin. According to him, this approach will give the United States a dominant position in the global economy.
Kennedy’s vision is to make sure the U.S. holds a large share of the total Bitcoin supply, similar to its gold reserves. He quoted that by now the U.S. holds about 19% of the world’s gold and wants to achieve a similar share of Bitcoin.
The presidential candidate believes this policy would add value to the U.S.’s financial power and stop other countries from overtaking its economic influence. He also thinks these actions would eventually spark Bitcoin’s face value to hundreds of trillions of dollars.
Kennedy also plans to release an exclusive order instructing the Internal Revenue Service(IRS) to publish public recommendations for Bitcoin integration. This will include all the transactions made in Bitcoin and United States Dollars tax-free and non-reportable.
The presidential candidate compared the freedom to use Bitcoin with freedom of speech, suggesting that Bitcoin could help boost the United States economy as it was before the Vietnam War.
Kennedy argued that if the world adopted Bitcoin, it might prevent wars by stopping governments from printing money to pay for conflicts.
RFK Jr. wants Bitcoin to be exchanged for real estate through 1031 crypto exchanges. This executive change aims to make Bitcoin transactions easier and more beneficial for U.S. citizens.
Kennedy’s plan also involves bringing in Space Force Major Jason Lowery as a national security adviser and supporting U.S. Treasury securities with assets like precious metals and Bitcoin. He believes these steps would strengthen the dollar, help control inflation, and create a new era of financial stability.
