Democratic U.S. presidential candidate Robert F. Kennedy Jr has not shied away from controversy nor discussing views that might not be aligned with mainstream narratives. One such topic: Bitcoin (BTC).
Kennedy has admitted he is a Bitcoin bag holder, contradicting his earlier denial during a Miami conference. He claimed he took the money from his Monsanto case check and acquired 2 Bitcoins for each of his 7 children.
RFK Jr. Purchased Bitcoin For His Kids
Robert F. Kennedy Jr. has finally confirmed owning Bitcoin.
The presidential candidate made the confirmation during a Twitter Spaces conversation with Scott Melker, a popular trader and podcast host known as “The Wolf of All Streets. Kennedy spoke in depth about how investments in crypto assets have the ability to pull the poor out of poverty.
In his opinion, Bitcoin lets small investors have an inflation-proof currency that is censorship-resistant and gives them freedom, unlike holding fiat currencies which are at the mercy of the system.
Robert, whose family is political royalty, then dropped the bombshell. The 69-year-old said he had “decided to put my money where my mouth is and bought two bitcoin for each of my seven children” right after the Miami Bitcoin conference held in May this year.
Kennedy made history in May 2023 by becoming the first presidential candidate to announce that his campaign would accept donations in Bitcoin. However, he told revelers in Miami that he did not have any exposure to the classic cryptocurrency and that his endorsement of the asset was not investment advice. Nonetheless, a financial document obtained by CNBC showed that Kennedy held up to $250,000 worth of Bitcoin.
RFK Jr. recently announced a bold plan to back the U.S. dollar with Bitcoin and exempt BTC from capital gains tax. The nephew of former president John F. Kennedy is among a cadre of pro-crypto hopefuls that spans Republican Senator Ted Cruz and other presidential candidates like Florida governor Ron DeSantis.