US presidential candidate Robert F. Kennedy Jr. (RFK Jr) has made a bold promise to issue a series of Bitcoin-related executive orders if he wins the presidency. Speaking at a Bitcoin Conference in Tennessee, Kennedy stated his intention to transfer 200,000 Bitcoin held by the US government to the US Treasury as a strategic asset on his first day in office. Additionally, he plans to direct the Treasury Department to purchase 550 Bitcoin daily until the US amasses a reserve of 4 million Bitcoin.
Kennedy believes that these actions will position the US as a significant holder of Bitcoin, paralleling its global gold reserves. He anticipates this policy will drive Bitcoin’s value to hundreds of trillions of dollars in the future. Furthermore, Kennedy aims to establish that transactions between Bitcoin and the US dollar are non-reportable and non-taxable, along with enabling Bitcoin as an eligible asset for 1031 exchanges into real property.
RFK Jr’s ambitious proposals reflect his vision for leveraging Bitcoin and blockchain technology to shape the nation’s economic future. As the son of Robert F. Kennedy and the nephew of John F. Kennedy, his platform combines legacy with innovation in a bid for the White House.
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