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Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he purchased a significant amount of Bitcoin (BTC<\/a>) earlier this year \u2014 buying two BTC for each of his seven children.<\/p>\n Speaking<\/a> in a July 26 Twitter Space, Kennedy said the decision came after he received \u201ca lot of criticism\u201d from crypto industry pundits and the mainstream press in the wake of his pro-Bitcoin comments made at the Bitcoin Miami Conference in May. <\/p>\n Live now discussing #Bitcoin<\/a> with \u2066@RobertKennedyJr<\/a>\u2069 \u2066@Breedlove22<\/a>\u2069 \u2066@1MarkMoss<\/a>\u2069 \u2066@natbrunell<\/a>\u2069 and \u2066@MartyBent<\/a>\u2069 https:\/\/t.co\/gx5a63SDOj<\/a><\/p>\n \u2014 The Wolf Of All Streets (@scottmelker) July 26, 2023<\/a><\/p><\/blockquote>\n Kennedy said he was critiqued for promoting a \u201cvolatile commodity\u201d while not having any skin of his own in the game. <\/p>\n \u201cRight 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.\u201d<\/p><\/blockquote>\n Kennedy has six biological children, four sons and two daughters ranging in age from 22 to 38.<\/p>\n Presumably, the seventh child comes from Kennedy\u2019s most recent marriage to actress Cheryl Hines, who had one daughter before the pair married in 2014. <\/p>\n BREAKING: Democrat Presidential candidate Robert Kennedy Jr. announces that he is a #Bitcoin<\/a> holder.<\/p>\n \u2014 Dennis Porter (@Dennis_Porter_) July 26, 2023<\/a><\/p><\/blockquote>\n At the time of his speech at the conference \u2014 where he also announced that he would begin accepting campaign donations in Bitcoin<\/a> \u2014 the candidate denied having any personal investment in the cryptocurrency. <\/p>\n \u201cI am not an investor, and I am not here to give investment advice,\u201d he said.<\/p>\n This marks the first time that Kennedy has admitted to owning the cryptocurrency, and lines up with a leaked financial disclosure that revealed<\/a> the candidate had\u201cbetween $100,001 and $250,000\u201d worth of Bitcoin at the end of June. <\/p>\n However, if RFK Jr. had purchased a total of 14 Bitcoin for an approximate price of $26,800 in the days following the end of the conference, his total holdings at the end of June would\u2019ve surpassed $380,000. <\/p>\n Related: <\/em><\/strong>RFK Jr. elaborates position on CBDC, crypto: \u2018It isn\u2019t just criminals who want privacy\u2019<\/em><\/strong><\/a><\/p>\n At the time of publication, the price of Bitcoin stands at $29,327, according<\/a> to Cointelegraph price data, meaning that Kennedy\u2019s investment is now worth a total of $410,000. <\/p>\n In the interview, Kennedy reaffirmed his plan to back the U.S. dollar with Bitcoin<\/a> as well as making the asset exempt from capital gains taxes if elected President. <\/p>\n This kind of thing partly explains the appeal of Bitcoin. Our freedom to transact and save should not be at the mercy of political enforcers. No payment platform should be allowed to discriminate against people for exercising their right to free speech.<\/p>\n \u2014 Robert F. Kennedy Jr (@RobertKennedyJr) July 26, 2023<\/a><\/p><\/blockquote>\n Saying that he sees Bitcoin as a vehicle for returning innovation to America, he added that any capital gains exemptions on Bitcoin conversions should only apply to smaller investors and businesses, as not to create huge windfalls for large companies like BlackRock and Goldman Sachs. <\/p>\n Opinion: <\/em><\/strong>GOP crypto maxis almost as bad as Dems\u2019 \u2018anti-crypto army\u2019<\/em><\/strong><\/a><\/p>\n<\/div>\n\n
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