RFK Jr. Reveals Bold Bitcoin Investment Plan: Potential Shifts in U.S. Policy and Crypto Market Impact

• US Politicians like RFK are long on Bitcoin with bold policy revelations.
• Besides RFK, Donald Trump is also big on supporting the crypto ecosystem.

The United States political landscape has experienced a shift with a significant percentage of its presidential candidates aligning with Bitcoin (BTC) and the cryptocurrency industry. Notably, Bitcoin is mainly at the centre of this current election cycle.

As we earlier reported, Independent Presidential Candidate Robert F. Kennedy Jr. is known for his crypto stance. 

RFK Pursues Personal Freedom With Bitcoin

Kennedy is proposing a financial policy to the US that involves acquiring $619 billion worth of Bitcoin. This is with the aim of repositioning the US financial landscape by enhancing federal financial discipline and fundamentally changing monetary policy. He announced this proposal while attending the ongoing 2024 Bitcoin Conference in Nashville.

The plan is to strategically acquire and equate Bitcoin with the US gold reserve. RFK seized the opportunity to reaffirm his support for Bitcoin. He went as far as saying that most of his wealth is in the flagship cryptocurrency. This hardly comes off as a surprise considering his Bitcoin footprint and that of his family.

As highlighted in our earlier article, a few months ago, RFK Jr. disclosed his purchase of 21 BTC for himself, and three coins for each of his kids since the start of his campaign.

The US presidential candidate also revealed plans to put the entire US budget on the blockchain. Kennedy centres his advocacy for Bitcoin as an avenue to promote transactional freedom and offer Americans a transparent currency. This sentiment fueled his criticism of the United States Federal Reserve, claiming that it serves bankers rather than the general public. 

“We need sovereignty over our own wallets, transactional freedom, and a currency that is transparent. We need to ensure America remains the hub of blockchain technology,”

Kennedy highlighted while speaking in Austin, Texas at the beginning of 2024.

During a roundtable with Scott Melker and Custodia Bank CEO Caitlyn Long, Kennedy consistently emphasized how Bitcoin can offer personal freedom and property rights. He even aligned his Bitcoin stance with restoring government integrity. For this Independent presidential candidate, BTC is more than an investment tool. 

RFK Jr. perceives this crypto as the weapon to combat the “destructive war economy” triggered by fiat currency. It is safe to say Kennedy has set himself apart as a staunch Bitcoin evangelist. 

Donald Trump Projects His Crypto Stance

Republican Presidential Candidate Donald Trump is also out to display his crypto stance. He extended his love for Bitcoin and other digital assets to his campaign, requesting for donations in cryptocurrencies. 

Based on our previous estimation, Trump’s crypto donations, which include BTC, ETH, SOL, XRP, and other memecoins, have topped $4 million.

Trump attended the Bitcoin Conference and like RFK, he spoke about policies and rules that will favor the crypto industry. This crypto move amongst American politicians is likely to impact the entire ecosystem in the US.