Compare US gold stocks with BTC

Kennedy proposed that the federal government purchase bitcoin until its holdings equaled the value of the nation's gold reserves.

US gold reserves are currently around 8,133 tonnes, worth around $615 billion. Therefore, this amount of Bitcoin would be equal to 9.4 million BTC, which is 45% of the total supply.

“I want the federal government to start buying bitcoin and by the end of my term we have an equivalent amount of bitcoin that we have as gold because bitcoin is a real currency.”

His comments came in an interview this week with Custodia Bank CEO Caitlin Long and YouTuber Scott Melker.

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RFK Jr. is big on Bitcoin

“Bitcoin was a unique invention, and it was meant to reproduce the intrinsic value of gold,” he said.

Contending presidential candidate Donald Trump has also said he's happy to move into crypto.

“I couldn't be happier that Trump is officially committed to Bitcoin; it's a new issue for him, and he hasn't had a commitment before,” he said.

Kennedy called bitcoin an “honest currency” based on proof-of-work and decentralization, and said he plans to back government currency and debt with a basket of hard currencies, including gold, silver and BTC.

He proposed new Treasury bills that would keep the basket at 1% in the first year, 2% in the second year, and eventually 100% over time.

“If we want to save our democracy, we have to decentralize,” he said, adding that Bitcoin is fiduciary “because no one controls it.”

“Americans who buy Bitcoin see a connection to ending government corruption, property rights, personal liberties, self-sovereignty, decentralization.

“A lot of my personal wealth is now in bitcoin because I just love the beauty of it,” he said.

Trump's BTC Treasury

The chatter of the crypto community is abuzz with stories about what Donald Trump might say at the Bitcoin conference currently taking place in Nashville.

Rumor has it that Trump may announce a strategic Bitcoin treasury at the summit. Rival presidential candidate Kamala Harris is absent and reportedly does not like crypto, even if she has to reach out to her to attract voters.