Gold

Bitcoin

<p>Bitcoin would benefit from Donald Trump’s election, but even more so from his rival Robert Kennedy, the first to embrace Bitcoin.</p>
<h2 id="kennedy-wants-as-much-gold-as-bitcoin">Kennedy Wants As Much Gold As Bitcoin</h2>
<p>Unlike Donald Trump, who changed his stance a few weeks ago, <a href="https://www.cointribune.com/en/r-kennedy-le-president-qui-aimait-le-bitcoin-2/" target="_blank" rel="noopener noreferrer nofollow">Robert Kennedy</a> is an early Bitcoiner. The presidential candidate has reiterated his ambition to embrace Bitcoin if elected.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p><em>“Bitcoin allows for the restoration of individual freedom and the integrity of the state. It enables the middle class to protect themselves from inflation, which is a form of expropriation for the benefit of the government,”</em> he said.</p>
<p>And while it is rumored that Donald Trump will announce the creation of a <em><a href="https://www.forbes.com/sites/digital-assets/2024/07/03/trump-sparks-talks-of-bitcoin-as-a-strategic-reserve-asset/" target="_blank" rel="noopener noreferrer nofollow">“strategic Bitcoin reserve”</a></em> this Saturday, R. Kennedy has upped the ante.</p>
<p><em>“I would like the federal government to buy Bitcoin, and for us to have as much gold as Bitcoin by the end of my term,”</em> he stated.</p>
<p>This is quite a promise considering that the US government only owns 210,000 Bitcoins, worth about 14 billion dollars. In contrast, the US gold reserves are worth 640 billion dollars. That amount represents half of the Bitcoins at the current rate…</p>
<p>Why does R. Kennedy advocate for Bitcoin? Because it is an <em>“honest currency in that no one controls it. If we want to save our democracy, we need to decentralize things.”</em></p>
<p>For him, Bitcoin is the <em>“embodiment”</em> of this vision that favors <em>“individual sovereignty and freedom.”</em></p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">JUST IN: <a href="https://twitter.com/RobertKennedyJr?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@RobertKennedyJr</a> says he wants the federal government to buy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> and eventually hold as much <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> as they do gold. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64c.png" alt="🙌" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/7gW5za95js" rel="noopener noreferrer nofollow">pic.twitter.com/7gW5za95js</a></p>— Simply Bitcoin (@SimplyBitcoinTV) <a href="https://twitter.com/SimplyBitcoinTV/status/1816281540520993123?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 25, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<p>VanEck also expects nations to start accumulating Bitcoins one after the other, much to the dismay of Germany or <a href="https://www.cointribune.com/en/is-england-also-going-to-sell-its-bitcoins/" target="_blank" rel="noopener noreferrer nofollow">England</a>.</p>
<h2 id="h-3-million-by-2050">3 Million $ by 2050?</h2>
<p>This is anticipated by the director of research at VanEck, a firm behind one of the US Bitcoin-backed ETFs. Matthew Sigel made statements as striking as those of R. Kennedy on CNBC:</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p><em>“When we look at the current world, we see huge economic imbalances, increasing distrust in existing institutions, and a trend towards de-globalization,”</em> he said.</p>
<p>This is a thinly veiled reference to the institution called the “dollar.” Indeed, Matthew Sigel goes further, arguing that <em>“these distortions stem from a common underlying reason, namely a disastrous allocation of capital since the subprime crisis. G7 governments have abused the money printing press to finance illusions like ‘net zero carbon,’ war, and mass surveillance.”</em></p>
<p><em>“As a result, G7 governments now spend 30% of their tax revenue solely on debt interest. Our trading partners are increasingly saying stop. They have also done the math and are reluctant to place their reserves in US debt. We believe that Bitcoin, as the first global, decentralized, immutable, censorship-resistant digital asset with a fixed monetary supply, represents the ultimate hedge against this growing fiscal irresponsibility.”</em></p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Everyone is rethinking their views on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>. <a href="https://t.co/UhdDBLmrcY" rel="noopener noreferrer nofollow">pic.twitter.com/UhdDBLmrcY</a></p>— Michael Saylor <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1816182958526701992?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 24, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<p>The representative from VanEck anticipates a Bitcoin value of $325,000 within five years. This corresponds to an annual appreciation rate of 32%. And only 16% per year for his target of $3 million by 2050.</p>
<p><em>“We foresee that 10% of international trade will be conducted in Bitcoin by 2050. We also anticipate that central banks will hold 2% of their reserves in Bitcoin, compared to 22% in gold today,”</em> he justified.</p>
<p>Don’t miss our article: <em><a href="https://www.cointribune.com/en/russia-pleads-in-new-york-for-the-end-of-the-dollar-monopoly/" target="_blank" rel="noopener noreferrer nofollow">Russia Advocates in New York for the End of Dollar Monopoly</a></em>.</p>

R. Kennedy Seeks Bitcoin Equivalent to Fort Knox Gold

Tabla de contenidos

Cointribune EN

Otros artículos publicados el 26 jul 2024

When will Hamster Kombat be listed: Rumors and community reactions

BTCC Exchange Introduces Up to 50x Leverage on Over 300 USDT-Margined Trading Pairs

'Dogecoin Killer' Shiba Inu Sees 76% Surge In Q2 Orders On Crypto Payments Platform CoinGate

Brett token price rises 12%; analyst sees another 30% upside

Michigan Becomes Second State Whose Pension Fund Owns Bitcoin

Looking Back at Pi Network’s ‘Pi2Day Challenge’

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!