{"id":3879,"date":"2024-07-27T04:15:18","date_gmt":"2024-07-27T04:15:18","guid":{"rendered":"https:\/\/cryptd.in\/rfk-jr-proposes-massive-bitcoin-buy-match-us-gold-reserves-with-btc\/"},"modified":"2024-07-27T04:15:18","modified_gmt":"2024-07-27T04:15:18","slug":"rfk-jr-proposes-massive-bitcoin-buy-match-us-gold-reserves-with-btc","status":"publish","type":"post","link":"https:\/\/cryptd.in\/id\/rfk-jr-proposes-massive-bitcoin-buy-match-us-gold-reserves-with-btc\/","title":{"rendered":"RFK Jr. Proposes Massive Bitcoin Buy: Match US Gold Reserves with BTC"},"content":{"rendered":"

Kennedy proposes that the federal government should buy Bitcoin until its holdings match the value of the nation\u2019s gold reserves.<\/p>\n

US gold reserves are currently around<\/a> 8,133 tonnes, which is worth around $615 billion. So, this amount of Bitcoin would equate to roughly 9.4 million BTC, which is almost 45% of the total supply.<\/p>\n

\u201cI would like to have the federal government begin to buy Bitcoin and to, over the term of my term of office, ultimately have an equivalent amount of Bitcoin that we have gold because Bitcoin is an honest currency.\u201d<\/p>\n

His comments came in an interview this week with Custodia Bank CEO Caitlin Long and YouTuber Scott Melker.<\/p>\n

RFK Jr. Big on Bitcoin<\/h2>\n

\u201cBitcoin was a unique invention, and it was intended to reproduce the intrinsic value of gold,\u201d he said before adding that \u201cit has the advantage over gold in that it is infinitely divisible, and so it is an ideal currency.\u201d<\/p>\n

He also said that he was happy that rival presidential candidate Donald Trump had pivoted to crypto.<\/p>\n

\u201cI couldn\u2019t be more happy that Trump has publicly committed to Bitcoin; it\u2019s a new issue for him, and he has not been committed to it in the past,\u201d he said.<\/p>\n\n

<\/div>\n

Kennedy<\/a> called Bitcoin an \u201chonest currency\u201d based on proof-of-work and decentralization, adding that he plans to back government fiat currency and debt with a basket of hard currencies, including gold, silver, and BTC.<\/p>\n

He suggested a new class of Treasury bills that could be anchored to that basket by 1% in its first year, 2% in the second year, and ultimately 100% over time.<\/p>\n

\u201cIf we want to save our democracy, we need to decentralize it,\u201d he said before adding that Bitcoin is honest \u201cbecause there is nobody in charge.\u201d<\/p>\n

\u201cAmericans who are buying Bitcoin understand that there\u2019s a real link to ending government corruption, to property rights, to personal freedoms, to self-sovereignty, to decentralization \u2026 all the things that we care about.\u201d<\/p>\n

\u201cA lot of my personal net wealth<\/a> is now in Bitcoin because I just love the beauty of it,\u201d he said.<\/p>\n

Trump\u2019s BTC Treasury<\/h2>\n

The crypto community rumor mill is awash with stories about what Donald Trump may say<\/a> at the Bitcoin Conference, which is currently taking place in Nashville.<\/p>\n

Rumor has it that Trump may announce a strategic Bitcoin treasury at the conference when he speaks.\u00a0Rival presidential candidate Kamala Harris will not be attending<\/a> and is reportedly not fond of crypto, although she has had to catch up on it to attract voters.<\/p>\n

Pos RFK Jr. Proposes Massive Bitcoin Buy: Match US Gold Reserves with BTC<\/a> muncul pertama kali di CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Kennedy proposes that the federal government should buy Bitcoin until its holdings match the value of the nation\u2019s gold reserves. US gold reserves are currently around 8,133 tonnes, which is worth around $615 billion. So, this amount of Bitcoin would equate to roughly 9.4 million BTC, which is almost 45% of the total supply. \u201cI […]<\/p>\n","protected":false},"author":0,"featured_media":3880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nRFK Jr. Proposes Massive Bitcoin Buy: Match US Gold Reserves with BTC - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/id\/rfk-jr-proposes-massive-bitcoin-buy-match-us-gold-reserves-with-btc\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RFK Jr. Proposes Massive Bitcoin Buy: Match US Gold Reserves with BTC - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Kennedy proposes that the federal government should buy Bitcoin until its holdings match the value of the nation\u2019s gold reserves. 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