Strategic Reserve Asset - Bitcoin (RFKs Plan)

Robert F. Kennedy Jr. has proposed a comprehensive plan to make Bitcoin a strategic reserve asset for the United States if he is elected president. His plan centers on integrating Bitcoin into the financial system to enhance economic stability and ensure financial freedom. Here are the key components of his proposal:

Bitcoin as a Strategic Reserve: Kennedy intends to direct the U.S. Treasury to purchase 550 Bitcoin daily until the U.S. amasses a reserve of 4 million Bitcoin. This would represent about 20% of the total supply and position the U.S. as a major holder of Bitcoin. He also plans to transfer approximately 200,000 Bitcoin currently held by the government to the Treasury, designating it as a strategic asset.

Backing the Dollar with Bitcoin and Other Hard Assets: Kennedy's vision includes backing U.S. Treasury bills, notes, and bonds with tangible assets like Bitcoin, gold, silver, and platinum. He believes this would restore strength to the dollar, curb inflation, and bring about financial stability. Initially, he proposes starting with 1% of issued T-bills backed by these hard assets, with potential increases based on the plan’s success.

Tax Exemptions for Bitcoin Transactions: To spur investment and innovation, Kennedy plans to make Bitcoin-to-dollar transactions exempt from capital gains taxes. This measure aims to attract businesses and investors to the U.S. and prevent them from relocating to other crypto-friendly countries.

Financial Freedom and Anti-Corruption: Kennedy emphasizes the importance of financial freedom, likening transactional freedom to freedom of expression. He believes that Bitcoin can serve as a hedge against the corruption and economic instability caused by fiat currencies and centralized financial systems.

Appointment of a Crypto Advisor: Kennedy also plans to appoint a national security advisor focused on cryptocurrency, recognizing the potential of Bitcoin and other digital assets to enhance U.S. economic and cybersecurity.


'Kennedy’s approach contrasts with traditional monetary policies and reflects his belief in Bitcoin’s potential to revolutionize the financial system and provide a more stable and transparent economic future​' (CryptoSlate)​​ (EconoTimes)​​ (Cointelegraph)​​ (BeInCrypto)​.