Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he bought a major quantity of Bitcoin (BTC) earlier this yr — buying two BTC for each of his seven children.
Speaking in a July 26 Twitter House, Kennedy stated the choice got here after he acquired “so much of criticism” from crypto business pundits and the mainstream press within the wake of his pro-Bitcoin feedback made on the Bitcoin Miami Convention in Might.
Reside now discussing #Bitcoin with @RobertKennedyJr @Breedlove22 @1MarkMoss @natbrunell and @MartyBent https://t.co/gx5a63SDOj
— The Wolf Of All Streets (@scottmelker) July 26, 2023
Kennedy stated he was critiqued for selling a “unstable commodity” without having any pores and skin of his personal within the sport.
“Proper after that Bitcoin convention I obtained a giant test and I stated, okay, you already know, I’ll put my cash the place my mouth is and so I purchased two Bitcoin for each one of my seven children.”
Kennedy has six organic children, 4 sons and two daughters ranging in age from 22 to 38.
Presumably, the seventh little one comes from Kennedy’s most up-to-date marriage to actress Cheryl Hines, who had one daughter earlier than the pair married in 2014.
BREAKING: Democrat Presidential candidate Robert Kennedy Jr. proclaims that he’s a #Bitcoin holder.
— Dennis Porter (@Dennis_Porter_) July 26, 2023
On the time of his speech on the convention — the place he additionally introduced that he would begin accepting campaign donations in Bitcoin — the candidate denied having any private funding within the cryptocurrency.
“I’m not an investor, and I’m not right here to offer funding recommendation,” he stated.
This marks the primary time that Kennedy has admitted to proudly owning the cryptocurrency, and contours up with a leaked financial disclosure that revealed the candidate had“between $100,001 and $250,000” value of Bitcoin on the finish of June.
Nevertheless, if RFK Jr. had bought a complete of 14 Bitcoin for an approximate value of $26,800 within the days following the top of the convention, his complete holdings on the finish of June would’ve surpassed $380,000.
Associated: RFK Jr. elaborates position on CBDC, crypto: ‘It isn’t just criminals who want privacy’
On the time of publication, the worth of Bitcoin stands at $29,327, according to Cointelegraph value knowledge, that means that Kennedy’s funding is now value a complete of $410,000.
Within the interview, Kennedy reaffirmed his plan to back the U.S. dollar with Bitcoin in addition to making the asset exempt from capital beneficial properties taxes if elected President.
This sort of factor partly explains the attraction of Bitcoin. Our freedom to transact and save shouldn’t be on the mercy of political enforcers. No cost platform must be allowed to discriminate towards folks for exercising their proper to free speech.
— Robert F. Kennedy Jr (@RobertKennedyJr) July 26, 2023
Saying that he sees Bitcoin as a car for returning innovation to America, he added that any capital beneficial properties exemptions on Bitcoin conversions ought to solely apply to smaller buyers and companies, as to not create large windfalls for giant corporations like BlackRock and Goldman Sachs.
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