Combine US gold reserves with BTC

Kennedy proposes that the federal government buy Bitcoin until its holdings match the value of the country’s gold reserves.

Currently, the United States’ gold reserves are about 8,133 tons, worth about $615 billion. Therefore, this amount of Bitcoin would be equivalent to approximately 9.4 million BTC, which is almost 45% of the total supply.

“I would like the federal government to start buying Bitcoin and, over the course of my term, ultimately have an equivalent amount of Bitcoin that we have gold because Bitcoin is an honest currency.”

His comments came this week in an interview with Custodia Bank CEO Caitlin Long and YouTuber Scott Melker.

RFK Jr. Big on Bitcoin

“Bitcoin was a unique invention and was intended to reproduce the intrinsic value of gold,” he said before adding that “it has the advantage over gold because it is infinitely divisible and therefore a currency ideal”.

He also said he was happy that rival presidential candidate Donald Trump has turned to crypto.

“I couldn’t be happier that Trump has publicly committed to Bitcoin; it’s a new issue for him and he hasn’t committed to it in the past,” he said.

Kennedy called Bitcoin an “honest currency” based on proof-of-work and decentralization, adding that he plans to back the fiat currency and government debt with a basket of hard currencies, including gold, silver and BTC.

He suggested a new class of Treasuries that could be anchored to this basket by 1% in the first year, 2% in the second year, and finally 100% over time.

“If we want to save our democracy, we have to decentralize it,” he said before adding that Bitcoin is honest “because no one is in charge.”

“Americans who buy Bitcoin understand that there is a real link to ending government corruption, to ending property rights, to ending personal liberties, to self-sovereignty, to decentralization…all the things that we matter”.

“Much of my personal net worth is now in Bitcoin because I love the beauty of it,” he said.

Trump’s BTC Treasury

The buzz in the crypto community is full of stories about what Donald Trump might say at the Bitcoin conference, currently taking place in Nashville.

Rumor has it that Trump could announce a strategic Bitcoin treasure at the conference when he speaks. Rival presidential candidate Kamala Harris won’t attend and is said to dislike crypto, though she’s had to catch up to attract voters.

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