Presidential hopeful Robert F. Kennedy Jr. made a powerful case for Bitcoin adoption during the Bitcoin 2024 Conference in Nashville last week. His proposal was far more detailed than the thoughts he shared during the Consensus Conference in Austin in late May.
He promised an enthusiastic audience some 8,000 strong that if elected, he would sign an executive order to transfer the 200,000 Bitcoin held by the U.S. government to the U.S. Treasury to be held as a strategic reserve asset. RFK Jr. also pledged to direct the U.S. Treasury to purchase 550 Bitcoin daily until the government holds 4 million Bitcoin.
While most of the audience were waiting on President Trump’s address scheduled for the final day of Bitcoin 2024, RFK Jr. set the stage for a true alternative to the Democrats’ war on digital currencies.
The price of Bitcoin, which hovered around $64k leading up to the gathering of Bitcoin enthusiasts and self-proclaimed “Maximalist” in Nashville, climbed steadily throughout the event, breaking through $69k just before President Tump’s address.
“Fiat currency was invented to fund wars”
RFK Jr. was adamant that President Nixon “took us off the gold standard to fund the Vietnam war”. He continued that “governments can’t be allowed to print money recklessly. The Military Industrial Complex must be defunded.” He questioned how the country’s military budget today can be twice the $500 billion at the height of the Cold War.
The discussion around Bitcoin has been politicized. It will be interesting how the Democrats respond in the coming weeks.
RJK Jr. ended on a simple message: “Fix the Money – Fix the World”. How can this be accomplished? According to the Presidential hopeful, the answer is in plain sight. “Bitcoin is a technology for freedom. It is the currency of hope.”
How can you put a price on Freedom?
Bitcoin is priceless.