Robert Kennedy Jr.: US government Bitcoin holdings should match gold reserves

US presidential candidate Robert F. Kennedy Jr. said that if elected, he would push the federal government to buy $615 billion in Bitcoin until the size of the US Bitcoin holdings matches the country's gold reserves. "Bitcoin is an honest currency, a proof-of-work currency. Everything is on the ledger, it's decentralized, and that's what we need to do with democracy," Kennedy said in an interview. "I hope the federal government will start buying Bitcoin and eventually have the same amount of Bitcoin as gold during my term," It is reported that the US government is the world's largest gold owner, with 8,134 tons of gold. At current prices, gold is worth $615 billion, and 9.4 million BTC are needed to match this value, equivalent to nearly 45% of the total supply. (Decrypt)