US Presidential Election 2024

[Duke of Marmalade]

This is Bobby Kennedy jnr on bitcoin, when he was a potential presidential candidate.

“I intend as President of the United States to sign an Executive Order on day 1… to transfer approximately 200,000 Bitcoin held by the US Government to the US Treasury where it will be held as a strategic asset. …. On day one as President, I will sign another Executive Order directing the US Treasury to purchase 550 Bitcoin daily until the US has a reserve of at least four million Bitcoin. … our nation holds approximately 19% of global gold reserves; this policy will give us around the same proportion of total Bitcoin. The cascading impact of these actions will eventually move Bitcoin to a valuation of hundreds of trillion of dollars. On day one as President, I will sign also an Executive Order directing the IRS to issue public guidance that all transactions between BTC and the USD are unreportable transactions, and by extension untaxable. … Bitcoin is a technology for freedom, for optimism, for independence, for democracy, for transparency, it is the currency of hope, it is the perfect currency.”

This is unmitigated nonsense. The total US stockmarket is 55 trillion so Bobby sees Bitcoin being worth 100s of trillions of US dollars. This is on a par with his madness on health. Trump 2 is a mad house.