# RFK Jr. Proposes $615 Billion Bitcoin Investment for U.S. Reserves 💰

**URL:** <https://onehack.st/t/rfk-jr-proposes-615-billion-bitcoin-investment-for-u-s-reserves/287736>\
**Category:** News & Articles\
**Tags:** trading\
**Created:** [July 27, 2024, 3:00pm UTC](https://onehack.st/t/rfk-jr-proposes-615-billion-bitcoin-investment-for-u-s-reserves/287736 "2024-07-27T15:00:59Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [July 27, 2024, 3:00pm UTC](https://onehack.st/t/rfk-jr-proposes-615-billion-bitcoin-investment-for-u-s-reserves/287736/1 "2024-07-27T15:00:59Z")

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**Summary:**

1. **Bold Proposal** : Presidential candidate Robert F. Kennedy Jr. announced his plan to direct the U.S. government to buy Bitcoin, aiming to match the nation’s Bitcoin reserves with its gold reserves, amounting to $615 billion.

2. **Daily Purchases** : RFK Jr. detailed that he would sign an executive order for the U.S. Treasury to purchase 550 Bitcoin daily until the U.S. accumulates 4 million Bitcoins.

3. **Market Impact** : If implemented, this would mean the U.S. government would hold 19% of all Bitcoin that will ever exist, potentially establishing a position of dominance in the cryptocurrency market.

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