- Robert F. Kennedy Jr., a Democratic presidential candidate, has revealed a significant investment in Bitcoin, ranging between $100,001 and $250,000.
- This investment contradicts Kennedy Jr.’s earlier statement denying any involvement with Bitcoin, demonstrating a change in his stance.
In a surprising turn of events, Robert F. Kennedy Jr., a prominent Bitcoin advocate and potential candidate for the US presidency, has disclosed a substantial investment in Bitcoin. According to a record obtained by CNBC, Kennedy Jr. holds between $100,001 and $250,000 worth of Bitcoin as of June, marking a significant shift from his previous claim of not being involved with the leading cryptocurrency.
The investment came shortly after Kennedy Jr. delivered a speech at the Bitcoin 2023 conference in Miami, during which he announced that his campaign would be the first to accept Bitcoin donations in the United States. However, it is noteworthy that during the conference, he explicitly denied being an investor in Bitcoin and emphasized that he was not there to provide investment advice.
The financial disclosure filed on June 30 does not provide specific details about when Kennedy Jr. purchased the cryptocurrency. However, it reveals that the investment has yielded a return of less than $201 thus far. The disclosure does not specify the purchaser within the Kennedy family, although the candidate’s campaign has acknowledged Kennedy Jr.’s involvement.
Kennedy Jr., who is currently challenging President Joe Biden, has actively targeted the crypto community in his campaign. In a Twitter post on May 3, he recognized cryptocurrencies, particularly Bitcoin, as a significant engine of innovation. He also criticized the US government for impeding the growth of the industry and potentially driving innovation elsewhere.
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The potential US president’s support base includes influential figures such as Twitter founder and CEO of Block Inc., Jack Dorsey. Dorsey, in a tweet, expressed his belief that Kennedy Jr.’s strategy could lead him to triumph over his opponents in the upcoming race.
It is important to note that Kennedy Jr. is the son of former Attorney General and Senator Robert F. Kennedy and the nephew of the 35th President of the US, John F. Kennedy. His investment in Bitcoin comes at a crucial juncture for the American cryptocurrency industry, as the Securities and Exchange Commission (SEC) continues to crack down on crypto businesses due to the absence of a comprehensive regulatory framework for digital assets in the country.
In conclusion, Robert F. Kennedy Jr.’s investment in Bitcoin is a significant development that challenges his previous statements. This move highlights the growing influence and acceptance of cryptocurrencies in mainstream political circles, as well as the potential impact of influential figures on the industry’s future.
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