Robert F. Kennedy Jr., a candidate for the US presidency, has made several promises related to Bitcoin that he plans to fulfill on his first day in office if elected.
Running as an independent, Kennedy stated that he will issue executive orders to the US Department of Justice and the US Marshals Service to transfer approximately 200,000 Bitcoin currently held by the government to the Department of Treasury to be treated as a “strategic asset.”
During his attendance at the Bitcoin 2024 conference in Nashville on Friday, Kennedy also shared his intention to sign another executive order directing the Treasury to buy 550 Bitcoin daily until the US reaches a reserve of 4 million BTC.
With 21 million Bitcoin currently in circulation, this would give the US a similar proportion of the total supply as their global gold reserves, according to Kennedy.
He further explained that these actions and policies will have a ripple effect that would ultimately increase the value of Bitcoin to trillions of dollars.
