Friday, September 20, 2024

Presidential Hopeful Robert F. Kennedy Says His Administration Will Gobble Up 4,000,000 Bitcoin

Impartial presidential candidate Robert F. Kennedy desires the US authorities to purchase and maintain Bitcoin (BTC) as a “strategic asset.”

If elected, Kennedy says he’ll signal an government order on his first day in workplace directing the U.S. Division of Justice (DOJ) and the Marshals Service to switch the roughly 200,000 BTC of their possession to the Division of the Treasury for holding.

He additionally says he’ll direct the federal government to purchase extra BTC.

“On day one as president, I’ll signal one other government order directing the US Treasury to buy 550 Bitcoin every day till the US has constructed a reserve of at the least 4 million Bitcoins and a place of dominance that no different nation will have the ability to usurp. 

Our nation holds roughly 19% of worldwide gold reserves. This coverage will give us about the identical proportion of whole Bitcoin. The cascading affect of those actions will finally transfer Bitcoin to a valuation of a whole lot of trillions of {dollars}.”

Kennedy says he additionally would signal a 3rd government order directing the Inside Income Service (IRS) to subject public pointers that state that each one transactions between the US greenback and Bitcoin are unreportable and nontaxable.

Kennedy is presently polling round 5%, in comparison with 44% for former President Donald Trump and 43% for Vice President Kamala Harris, in accordance with The New York Instances.

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Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any losses chances are you’ll incur are your duty. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in affiliate marketing online.

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