RFK Jr. Proposes $615 Billion Bitcoin Investment for U.S. Reserves 💰

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Summary:

  1. Bold Proposal: Presidential candidate Robert F. Kennedy Jr. announced his plan to direct the U.S. government to buy Bitcoin, aiming to match the nation’s Bitcoin reserves with its gold reserves, amounting to $615 billion.

  2. Daily Purchases: RFK Jr. detailed that he would sign an executive order for the U.S. Treasury to purchase 550 Bitcoin daily until the U.S. accumulates 4 million Bitcoins.

  3. Market Impact: If implemented, this would mean the U.S. government would hold 19% of all Bitcoin that will ever exist, potentially establishing a position of dominance in the cryptocurrency market.

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