RFK Jr. Confirms Bitcoin Purchase for Kids

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Amid the intensifying campaign for the White House, Robert F. Kennedy Jr., a Democratic Presidential Candidate of the United States, disclosed his involvement in the cryptocurrency market.

In May of the previous year, he purchased 14 Bitcoin, allocating two for each of his seven children. Amidst swirling rumors about his cryptocurrency holdings, Kennedy clarified his position during a Twitter Spaces conversation with Scott Melker, aka the Wolf of All Streets.

In the dialogue, he lauded Bitcoin as the “currency of freedom,” praising its decentralized nature and liberating attributes as reasons for its appeal.

Following Up on Pro-Bitcoin Comments

During the July 26 Twitter Space event, Kennedy addressed the criticism he has faced from both the media and crypto enthusiasts regarding his promotion of Bitcoin without personally holding any of the cryptocurrency.

While appearing as a presidential candidate at the Bitcoin 2023 conference, RFK Jr. denied holding any personal investments in Bitcoin, clarifying that he is not offering investment advice.

However, he revealed his plan to start accepting cryptocurrency donations, becoming the first US presidential candidate to do so.

This strategic move is expected to tap into a vast pool of potential donors while also signaling his support for the crypto industry.

Despite the initial praise for his pro-Bitcoin remarks at the Bitcoin Miami Conference in May, Kennedy faced criticism from both the crypto community and mainstream media for his lack of personal investment in the digital asset.

In response to these critiques, RFK Jr. made a significant personal investment in cryptocurrencies, thereby expressing his confidence in the potential of digital assets.

In a recent statement, Robert F. Kennedy Jr., a prominent figure in the cryptocurrency community, revealed his purchase of two Bitcoin for each of his seven children after attending a Bitcoin conference.

Kennedy emphasized his commitment to the digital asset by stating, “I’m sure they’ll now find a different way to come at me, but no one can say I didn’t put my money where my mouth is.”

This disclosure marks the first time Kennedy has publicly acknowledged his ownership of Bitcoin, aligning with a leaked financial document showing his holdings of “between $100,001 and $250,000” in Bitcoins by the end of June.

Based on this information, Kennedy’s total Bitcoin holdings would have exceeded $430,000 if he indeed bought 14 Bitcoins for approximately $26,800 in the days following the conference’s conclusion.

The move showcases Kennedy’s belief in the digital currency’s potential and may signal a growing trend of high-profile figures embracing cryptocurrencies as a part of their investment strategy.

Bitcoin was trading at around $30,812 on 30 June, according to CoinMarketCap data.

RFK’s Vision for Bitcoin and the Crypto Industry

During a recent Twitter Spaces discussion, Robert F. Kennedy Jr. restated his vision, should he be elected President, to tie the US dollar to Bitcoin and grant it an exemption from capital gains taxes.

In addition, Kennedy challenged the environmental criticisms surrounding Bitcoin, dismissing them as baseless.

He argued that these claims serve as a diversion to conceal ulterior motives for suppressing Bitcoin, highlighting the significant costs incurred by endless wars and environmentally harmful projects as the real concerns.

At the Bitcoin 2023 Conference, Kennedy emphasized the significance of embracing a diverse range of cryptocurrencies within the US economy. He emphasized that a varied ecosystem of currencies, rather than relying solely on a centrally controlled one, can bolster resilience and stability in the economic system.

Kennedy expressed concerns over the fragility of the current over-centralized system.

The remarks made by RFK Jr. have garnered support from enthusiastic crypto advocates. However, whether he will secure the Democratic party’s nomination remains uncertain at this point.

Kennedy’s visionary proposals have struck a chord with the cryptocurrency community, attracting a dedicated following that firmly believes in the transformative potential of blockchain technology and digital currencies within the financial realm.

Related

  • Robert F. Kennedy Jr. Unveils Plan to Back Dollar With Bitcoin, Exempt BTC From Capital Gains Tax
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