- Kennedy plans to use executive orders to significantly increase the U.S. Bitcoin reserves.
- His proposal aims to establish U.S. dominance in Bitcoin, setting it apart in the presidential race.
In line with a previous CNF report on Robert F. Kennedy Jr.’s plans for the U.S. government to acquire $615 billion in Bitcoin, equaling its gold reserves, to enhance financial transparency and democracy, he has now proposed a bold strategy for the U.S. government to adopt Bitcoin (BTC) as a strategic asset.
In case of his election, the independent presidential candidate plans to use executive orders to initiate significant changes in how the government manages and acquires Bitcoin. In a bold statement, Kennedy intends to sign an executive order directing the U.S. Department of Justice (DOJ) and the Marshals Service to transfer approximately 200,000 BTC in their possession to the Department of the Treasury on his first day in office.
He also plans to direct the government to buy more BTC, stating,
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.
We also highlighted in our earlier post that Kennedy believes that these actions will significantly increase Bitcoin’s value, potentially reaching hundreds of trillions of dollars. As a report emerges, Kennedy is polling at around 5%, trailing behind former President Donald Trump at 44% and Vice President Kamala Harris at 43%, according to The New York Times.
His ambitious Bitcoin proposal sets him apart in the presidential race, highlighting his unique approach to economic strategy. As of the time of writing, BTC is valued at $65,672.93, and as shown in the price chart below, it decreased by 1.49% in the past day and 0.20% in the past week.
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