Robert Kennedy Jr. Proposes Bitcoin Purchase To Match US Gold Reserves: 'An Offramp To The Inflationary Highway'
Portfolio Pulse from Aniket Verma
Presidential candidate Robert F. Kennedy Jr. proposes that the U.S. government should purchase Bitcoin equivalent to the nation's gold reserves, which are valued at nearly $579 billion. This move is seen as an endorsement of Bitcoin as an 'honest currency' and a hedge against inflation.
July 26, 2024 | 4:30 am
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Robert F. Kennedy Jr. proposes that the U.S. government should purchase Bitcoin equivalent to the nation's gold reserves, which could significantly boost Bitcoin's demand and price.
Kennedy's proposal, if taken seriously, could lead to a massive increase in demand for Bitcoin, driving its price up. The U.S. holds the largest gold reserves, and matching this with Bitcoin would require substantial purchases.
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