Robert F. Kennedy Jr., a candidate for the US presidency, has pledged to issue several executive orders regarding Bitcoin on his first day in office if elected. Kennedy, who is running as an independent, made this announcement on Friday at the Bitcoin 2024 conference in Nashville.

Robert F. Kennedy Jr. said, “I understand President Trump may announce tomorrow his plan to authorize the US government to purchase one million Bitcoin as a strategic reserve asset, and I applaud this announcement.”

Kennedy detailed his plan to direct the US Department of Justice and the US Marshals Service to transfer approximately 200,000 Bitcoin currently held by the US government to the Treasury Department. He emphasized that these assets would be held as a “strategic asset.”

Additionally, Kennedy revealed his intention to sign an executive order instructing the US Treasury to purchase 550 Bitcoin daily until a reserve of 4 million BTC is accumulated. With about 21 million Bitcoin in circulation, this policy aims to acquire a significant portion of the global Bitcoin supply.

“Our country holds approximately 19% of the world’s gold reserves,” Kennedy noted, adding, “This policy will secure a similar proportion of the total Bitcoin. This cascading effect and these actions will ultimately elevate Bitcoin to a valuation of hundreds of trillions of dollars.”

Furthermore, Kennedy outlined his plan to sign an executive order directing the IRS to issue guidelines declaring all transactions between Bitcoin and the US dollar as unreportable and thus non-taxable.

This comprehensive approach by Kennedy signifies a strong endorsement of Bitcoin and could have substantial implications for the cryptocurrency market and the US economy.

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