US Should Hold as Much Bitcoin as Gold – Robert Kennedy Jr.
Robert Kennedy Jr., pro-Bitcoin presidential candidate, has reaffirmed his commitment to support BTC if elected.
He shared his belief that Bitcoin facilitates the restoration of individual liberty and national integrity. Furthermore, Kennedy Jr. revealed that he has invested most of his wealth in Bitcoin .
According to him, the asset enables the middle class to protect itself from inflation, which acts as a form of embezzlement in favor of the government.
He added:
I would like the federal government to acquire Bitcoin, and I will strive to match our gold reserves with Bitcoin by the end of my tenure.
This is a significant commitment given that the US government currently owns only 210,000 BTC, valued at approximately $14 billion.
READ MORE:
Ethereum ETFs Registered a Second Consecutive Day of Negative ResultsBy comparison, US gold reserves are estimated at $640 billion, which is almost half of all existing BTC at the current exchange rate.
Kennedy Jr. supports Bitcoin because he sees it as an “honest currency,” free from centralized control that promotes individual freedom. He believes that decentralization is critical to preserving democracy.
JUST IN: @RobertKennedyJr says he wants the federal government to buy #Bitcoin and eventually hold as much #Bitcoin as they do gold. 🙌 pic.twitter.com/7gW5za95js
— Simply Bitcoin (@SimplyBitcoinTV) July 25, 2024
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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