Robert F. Kennedy Jr. Proposes Massive Bitcoin Investment for the United States

IconCryptoNewsTerminal Staff26 Jul, 2024

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Robert F. Kennedy Jr. Proposes Massive Bitcoin Investment for the United States

Robert F. Kennedy Jr., a prominent figure in the 2020 US presidential race, has unveiled a bold proposal involving Bitcoin (BTC). According to WatcherGuru X, Kennedy has asserted that, if elected president, the United States government should establish a daily purchase target of 550 BTC. This accumulation strategy would lead to the government acquiring approximately 4 million BTC, representing a significant investment in the cryptocurrency. Kennedy's proposal aligns with his previously stated intention to increase the government's exposure to Bitcoin, aiming to match its gold reserves. The current value of US gold holdings is estimated at $615 billion, indicating the magnitude of the proposed Bitcoin investment. Kennedy's proposal has generated considerable attention within the cryptocurrency community, sparking discussions about the potential impact of such a move on Bitcoin's market value and the broader economy. While the feasibility and details of the proposal remain to be fully outlined, Kennedy's statements underscore the growing interest in Bitcoin and the potential for government involvement in the cryptocurrency space.

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