“I’m going to place my cash the place my mouth is,” the Democratic presidential candidate stated as he doubled down on his help for Bitcoin.
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Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he bought a big quantity of Bitcoin (BTC) earlier this 12 months — shopping for two BTC for every of his seven kids.
Talking in a July 26 Twitter Area, Kennedy stated the choice got here after he acquired “a whole lot of criticism” from crypto trade pundits and the mainstream press within the wake of his pro-Bitcoin feedback made on the Bitcoin Miami Convention in Might.
Dwell 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 “risky commodity” without having any pores and skin of his personal within the recreation.
“Proper after that Bitcoin convention I received an enormous verify and I stated, okay, , I will put my cash the place my mouth is and so I purchased two Bitcoin for each certainly one of my seven kids.”
Kennedy has six organic kids, 4 sons and two daughters ranging in age from 22 to 38.
Presumably, the seventh baby 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 start accepting marketing 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 provide funding recommendation,” he stated.
This marks the primary time that Kennedy has admitted to proudly owning the cryptocurrency, and features up with a leaked monetary disclosure that exposed the candidate had“between $100,001 and $250,000” price 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 tip of the convention, his whole holdings on the finish of June would’ve surpassed $380,000.
Associated: RFK Jr. elaborates place on CBDC, crypto: ‘It isn’t simply criminals who need privateness’
On the time of publication, the worth of Bitcoin stands at $29,327, in line with Cointelegraph value knowledge, that means that Kennedy’s funding is now price a complete of $410,000.
Within the interview, Kennedy reaffirmed his plan to again the U.S. greenback with Bitcoin in addition to making the asset exempt from capital good points taxes if elected President.
This type of factor partly explains the attraction of Bitcoin. Our freedom to transact and save shouldn’t be on the mercy of political enforcers. No fee platform needs to be allowed to discriminate in opposition to 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 good points exemptions on Bitcoin conversions ought to solely apply to smaller traders and companies, as to not create big windfalls for big corporations like BlackRock and Goldman Sachs.
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