Robert F. Kennedy Jr. has recently divulged his venture into the world of crypto, confirming his acquisition of a substantial amount of Bitcoin (BTC) earlier this year. Surprising many, Kennedy revealed that he purchased two BTC for each of his seven beloved children.
During an insightful conversation in a Twitter Spaces interview, Kennedy engaged with Scott Melker, a renowned crypto investor and podcaster. In this dialogue, Kennedy referred to Bitcoin as the currency of freedom, attributing its appeal to the decentralized and empowering nature of the digital asset.
— The Wolf Of All Streets (@scottmelker) July 26, 2023
Kennedy’s decision to invest in Bitcoin was challenging. Following his pro-Bitcoin remarks made at the Bitcoin Miami Conference in May, the prominent Democratic presidential candidate faced intense scrutiny from both cryptocurrency industry experts and the mainstream media.
Despite the criticism, Kennedy stood firm in his belief in the potential of Bitcoin to revolutionize the financial landscape.
Kennedy Walks The Talk With Bitcoin Investment Amidst Criticism
The politician revealed that he faced scrutiny for advocating a “volatile commodity” without having any personal investment in it. However, he decided to take action after receiving a substantial payment following the Bitcoin conference, opting to invest in the digital asset himself.
Bitcoin keeps position on the $29K level. Chart: TradingView.com
In his own words, Kennedy explained:
“Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is, and so I bought two Bitcoin for every one of my seven children.”
Earlier this month, reports revealed that Kennedy’s family held an amount of Bitcoin valued between $100,000 and $250,000. As of writing, CoinGecko price data indicates that the price of Bitcoin stands at $29,468, resulting in Kennedy’s investment now worth $412,552.
Kennedy’s Vision For Cryptocurrency
During the same interview, Kennedy remained resolute in his vision for the future, outlining his intention to back the US dollar with Bitcoin and to grant the digital asset exemption from capital gains taxes if he were to be elected President.
Though the odds may not be in his favor to secure the Democratic party’s nomination, with online wagering sites estimating his chances at 11.1%, Kennedy has garnered significant support from passionate cryptocurrency enthusiasts.
Kennedy’s bold proposals have struck a chord with the crypto community, attracting fervent supporters who believe in the potential of blockchain technology and digital currencies to reshape the financial landscape.
While the path to victory may be challenging, his stance on cryptocurrency-related policies has undoubtedly earned him a dedicated following among those who share his vision for a crypto-friendly future.
Featured image from Eva Marie Uzcategui | Bloomberg | Getty Images
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