Small Robert Kennedy: The US government's bitcoin holdings should be on par with the size of its gold reserves.
This article is machine translated
Show original
Odaily Odaily News: US presidential candidate Robert F. Kennedy Jr. said that if elected, he would push the federal government to buy $615 billion in Bitcoin until the size of Bitcoin held by the United States matches the country's gold reserves. Kennedy said in an interview, "Bitcoin is an honest currency, a currency based on proof of work. Everything is on the ledger, it is decentralized, and that's what we need to do with democracy. I hope the federal government will start buying Bitcoin and eventually own the same amount of Bitcoin as gold during my term." It is reported that the US government is the world's largest gold owner, with 8,134 tons of gold. At current prices, gold is worth $615 billion, and 9.4 million BTC are needed to match this value, equivalent to nearly 45% of the total supply. (Decrypt)
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content