Robert F. Kennedy Jr. Proposes Massive Bitcoin Reserve for the U.S. Government

Robert F. Kennedy Jr. Proposes a Large Bitcoin Reserve for the US Government

Presidential candidate Robert F. Kennedy Jr. suggested in a recent interview that the federal government should acquire enough Bitcoin to equal the value of the country’s gold reserves. This comes amid growing speculation that President Donald Trump intends to establish a U.S. Bitcoin reserve.

Kennedy, an independent candidate, shared his vision in a conversation with Custodia Bank CEO Caitlin Long hosted by YouTuber Scott Melker. He emphasized the integrity of Bitcoin as a currency, noting its decentralized nature and transparency. “Bitcoin is an honest currency,” Kennedy said. “It’s based on proof of work, everything is on the ledger, and that’s what we need to do with democracy.”

The US government currently holds 8,134 tons of gold worth around $615 billion. To cover that value in Bitcoin, the government would need to supply around 9.4 million BTC at current prices, which represents around 45% of the total Bitcoin supply.

Kennedy’s plan dovetails with his broader strategy of backing both government currency and debt with a mix of hard assets like gold, silver, platinum, and Bitcoin. He fleshed out the idea, proposing a new class of U.S. Treasury bonds pegged to that basket of assets. The peg would start at 1% in the first year, increase to 2% in the second year, and eventually reach 100% over time.

The ambitious Bitcoin acquisition would be accomplished during Kennedy’s first four years in office. “I would like the federal government to start buying Bitcoin and, during my term, eventually have an amount of Bitcoin equal to the amount of gold we have,” he said.

If this plan is implemented, the United States would be the largest holder of Bitcoin globally. The largest institutional holder of Bitcoin right now is MicroStrategy with 226,331 BTC worth $14.41 billion. The world’s largest Bitcoin ETF, managed by BlackRock, holds 334,000 BTC worth $21.73 billion. The potential holdings of the U.S. government would dwarf these figures.