RFK Jr.: When I Become President Bitcoin ‘Will Be Held A Strategic Asset, On Day One’
During The Bitcoin Conference 2024, Robert F. Kennedy Jr. delivered remarks on Bitcoin's role in his campaign.
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NewsTranscript
00:00Hello Bitcoiners, I am so glad to be back for a second Bitcoin right now.
00:30Since last year in Miami, I have been meeting with leaders and thinkers from this community.
00:36I have conferred with Bitcoin miners, with policy makers, with economists, with financial experts, with investors and developers and entrepreneurs.
00:48I have learned that even my understanding of the extraordinary promise of Bitcoin for our country and for our planet.
00:58After all I have learned, I intend, as President of the United States, to sign Executive Order 881,
01:09directing the Department of Justice and the U.S. Marshals to transfer the approximately 200,000 Bitcoin held by the U.S. government to the United States Treasury, where it will be held as a strategic asset.
01:28On Day One, Mr. President, I will sign another Executive Order directing the U.S. Treasury to purchase 550 Bitcoin daily until the U.S. has built a reserve of at least 4 million Bitcoins.
01:57That is a position of dominance that no other country will be able to usurp.
02:13Our nation holds approximately 19% of global gold reserves. This policy will give us about the same proportion of total Bitcoin.
02:26The cascading impact from these actions will actually move Bitcoin to a valuation of hundreds of trillions of dollars.
02:35On Day One, Mr. President, I will sign also an Executive Order directing the IRS to issue public timelines that all transactions between Bitcoin and the U.S. dollar are unreportable transactions.
03:05Am I fashionable? Am I taxable?
03:15On Day One, Mr. President, I will also sign an Executive Order directing the IRS to treat Bitcoin as an intellectual asset for 1031 exchange in New York.