U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has promised significant bitcoin-related changes if elected. On day one of his presidency, he plans to transfer 200,000 bitcoins to the U.S. Treasury and mandate the government to purchase 550 bitcoins daily until a strategic reserve of 4 million bitcoins is reached. He also pledged to make Bitcoin transactions non-taxable.
RFK Jr. Pledges to Ensure US Government Holds 4 Million Bitcoins as Strategic Reserve if Elected President
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RFK Jr.’s Bold Bitcoin Promises at Nashville Conference
Robert F. Kennedy Jr. (RFK Jr.), a candidate for President of the United States, made several bold promises on Friday at the Bitcoin conference in Nashville, Tennessee. RFK Jr. is a son of U.S. Attorney General and Senator Robert F. Kennedy, and nephew of U.S. President John F. Kennedy and Senator Ted Kennedy.
He explained that he has been meeting with leaders and thinkers from the Bitcoin community, including miners, policymakers, economists, financial experts, investors, developers, and entrepreneurs, to deepen his understanding of “the extraordinary promise of Bitcoin for our country and for our planet.” Consequently, Kennedy announced:
I intend, as President of the United States, to sign an executive order on day one, directing the Department of Justice and the U.S. Marshals to transfer the approximately 200,000 bitcoin held by the U.S. government to the United States Treasury, where it will be held as a strategic asset.
“On day one as president, I will sign another executive order directing the U.S. Treasury to purchase 550 bitcoin daily until the U.S. has built a reserve of at least 4 million bitcoins, ensuring a position of dominance that no other country will usurp,” he added. “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 continued:
On day one as President, I will also sign an executive order directing the IRS to issue public guidelines that all transactions between bitcoin and the U.S. dollar are unreportable transactions, and by extension, non-taxable.
Moreover, the presidential hopeful promised: “On day one as president, I will sign an executive order directing the IRS to treat bitcoin as an eligible asset for 1031 exchange into real property.”
RFK Jr. also shared that after the Miami Bitcoin conference, he felt optimistic about bitcoin’s potential to reduce the national debt, hedge against inflation, ensure personal freedom, restore the middle class, end corruption, defund the war machine, and protect the environment. Investing personal wealth in BTC, he remains committed to bitcoin’s long-term promise, advocating for policies to position America as a global bitcoin leader. Addressing America’s decline since the Soviet Union’s collapse, Kennedy criticized military adventurism and economic policies that weakened the dollar, urging a shift toward hard assets to regain global economic stability and moral authority.
Kennedy proposes strengthening the U.S. dollar and reducing the $34 trillion debt by backing Treasury securities with hard assets, including precious metals and BTC. This approach aims to curb inflation and achieve financial stability. By leveraging bitcoin’s scarcity and liquidity alongside gold, the strategy seeks to restore the dollar’s global dominance. He explained that an American-backed decentralized currency, secure from government seizure, would facilitate borderless transactions without banking fees, attracting global wealth to the U.S. This innovative plan aims to restore economic stability, reduce debt, and enhance the dollar’s value in international finance.
What do you think about RFK Jr. promising to ensure that the U.S. government holds 4 million bitcoin as strategic reserve is elected President of the United States? Let us know in the comments section below.
