Robert F. Kennedy Jr. has suggested a plan to allocate $615 billion from the government budget to acquire Bitcoin if he becomes president. The objective is to enhance Bitcoin’s reputation as a reliable asset and potentially establish it as a rival to gold in the US Treasury’s holdings.
During the Bitcoin Conference 2024 in Nashville, Kennedy engaged in a conversation with Melker, emphasizing his status as the “authentic Bitcoin candidate” in contrast to the pro-Bitcoin attention around Donald Trump.
He contended that during his administration, the US government would possess an equivalent quantity of Bitcoin. Kennedy’s comments prompted concern about the potential endorsement of Bitcoin as a strategic reserve by former President Donald Trump and Senator Cynthia Lummis.
Lummis has introduced a new bill that classifies Bitcoin as a strategic reserve for the United States. The crypto community has shown its endorsement of Trump based on his favorable position toward crypto.
Notably, Robert Kiyosaki, a prominent Bitcoin fan, has urged American voters to back Trump in order to revive the economic might of the United States. Kennedy’s comments have attracted attention amidst concerns about former President Trump and Senator Cynthia Lummis advocating Bitcoin as a strategic asset.
