# Robert F. Kennedy Jr. Proposes $615 Billion Bitcoin Purchase

In a surprising turn of events during the U.S. presidential race, Robert F. Kennedy Jr. has announced a bold strategy involving Bitcoin. Alongside other political figures like Donald Trump, Kennedy is making significant overtures to investors in the cryptocurrency space.

## Kennedy's Bitcoin Vision

On July 24th, independent presidential candidate Robert F. Kennedy Jr. revealed his ambitious Bitcoin plan during an interview. If elected, Kennedy intends to direct the federal government to purchase Bitcoin worth approximately $615 billion—the current value of the U.S. gold reserves.

"Bitcoin is an honest currency based on proof of work. It's decentralized, and that's what we need to do with democracy," Kennedy stated, highlighting his belief in Bitcoin's foundational principles.

## The Scale of the Proposed Investment

At the current Bitcoin price of $67,400, the U.S. government would need to acquire over nine million BTC, which equates to nearly 45% of the total Bitcoin supply. According to data from Glassnode, only 5.6 million BTC are available for short-term purchase, making this proposal logistically challenging.

Kennedy's proposed investment would represent nearly half of Bitcoin's current market capitalization, which stands at $1.33 trillion.

## U.S. Government's Current Bitcoin Holdings

Currently, the U.S. government holds about 207,000 BTC, valued at approximately $14 billion, based on Glassnode's data. This is a fraction of Kennedy's proposed purchase amount.

## Political Context and Other Candidates

Robert F. Kennedy Jr. is not the only presidential candidate showing interest in Bitcoin. Donald Trump has also made several promises to the cryptocurrency industry, including support for Bitcoin mining. Trump's pro-Bitcoin stance has gained traction among crypto enthusiasts.

On the Polymarket crypto betting platform, Trump is currently leading the race for the White House with 60% odds, followed by Kamala Harris at 38%. Kennedy trails significantly with less than 1%, making his ambitious Bitcoin proposal unlikely to materialize.

## Conclusion

Robert F. Kennedy Jr.'s proposal to purchase $615 billion in Bitcoin is a bold and unprecedented move in the political arena. While the feasibility of such an investment remains questionable, it underscores the growing significance of cryptocurrency in political discourse.

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