In a surprising move, Democratic presidential candidate Robert F. Kennedy Jr. has revealed that he invested in a significant amount of Bitcoin (BTC) earlier this year. Not only did he put his money into the cryptocurrency, but he also purchased two BTC for each of his seven children. This decision comes after facing criticism for his pro-Bitcoin comments made at the Bitcoin Miami Conference in May, where he had previously denied any personal investment in the digital asset. Now, Kennedy aims to demonstrate his support for Bitcoin by putting his money where his mouth is.
A Bold Move of Support
In a Twitter Space on July 26, Robert Kennedy Jr. addressed the criticism he received from the crypto industry pundits and the mainstream press following his public support for Bitcoin. Critics accused him of promoting a “volatile commodity” without having any personal stake in it. To silence the naysayers, Kennedy took decisive action and bought two Bitcoin for each of his seven children. This investment not only shows his confidence in the digital currency but also serves as a demonstration of his commitment to the potential of Bitcoin in the future.
Financial Disclosure and Growth Potential
The revelation of Kennedy’s Bitcoin investment aligns with a leaked financial disclosure that indicated he held “between $100,001 and $250,000” worth of Bitcoin by the end of June. If Kennedy indeed purchased a total of 14 Bitcoin in the days following the Bitcoin Miami Conference for approximately $26,800, his investment would now be worth more than $410,000, with Bitcoin’s current price at $29,327. This significant growth highlights the potential of Bitcoin as a lucrative investment.
Looks like Chase shut down long-time accounts of Mercola’s company, employees, and their family members. No reason given. I wonder if it has anything to do with their medical dissent? https://t.co/VwqQuzSJg6
— Robert F. Kennedy Jr (@RobertKennedyJr) July 26, 2023
Kennedy’s Vision for Bitcoin
During the interview, Kennedy reiterated his belief in Bitcoin’s potential to back the U.S. dollar, as well as advocating for the asset’s exemption from capital gains taxes if he becomes President. He envisions Bitcoin as a means to bring innovation back to America and believes that capital gains exemptions should benefit smaller investors and businesses, rather than leading to windfalls for large corporations. By demonstrating his faith in Bitcoin through his own investments, Kennedy aims to encourage others to consider the value and potential of cryptocurrencies in shaping the future of finance.
Robert F. Kennedy Jr.’s decision to invest in Bitcoin and buy the digital asset for each of his seven children marks a bold move that reinforces his commitment to the world of cryptocurrencies. As a prominent Democratic presidential candidate, his support for Bitcoin is likely to draw attention to the growing importance of digital assets in the global financial landscape. By putting his money behind his beliefs, Kennedy hopes to inspire others to explore the possibilities and benefits of cryptocurrencies, while also highlighting the potential growth and innovation they can bring to the world.
