US Presidential Candidate Robert Kennedy Jr. Admits Bought 14 Bitcoins

Key Points:

• Democratic candidate for President of the United States Robert Kennedy Jr. confirmed that he bought his seven children 14 Bitcoin (BTC) in May of this year.
• As the race for the White House heats up, the Democratic candidate for the US presidency, Robert Kennedy Jr, has emerged as a Bitcoin proponent.
• Last week, he said he would exempt Bitcoin from capital gains tax and start backing the dollar with hard assets like Bitcoin.

Democratic US presidential candidate Robert Kennedy Jr. (RFK Jr.) confirmed that he bought 14 BTC for his 7 children during a discussion on the Twitter Space.

Robert F. Kennedy Jr. confirmed Wednesday that he was in possession of bitcoin (BTC), which he previously disputed but was recorded in a financial disclosure form. RFK didn’t say exactly when he bought Bitcoin, but it was right after the BTC conference in May.

“Right after the Bitcoin Conference, I decided to put my money where my mouth is and bought two bitcoins for each of my seven children,” said Kennedy. The Miami-based Bitcoin Conference – at which Kennedy spoke favorably of Bitcoin – was held between May 18 and May 20 this year.

Bitcoin traded around $27,000 in the days following the conference, while at its current price of approximately $29,500, those 14 bitcoins are now worth nearly $414,000.

Bitcoin has been a prominent aspect of Kennedy’s presidential campaign to date. He has been outspoken in his defense of the digital currency. He has also been outspoken in his concerns with government-issued digital assets.

Last week, he took it a step further by promising that if he wins the presidential election, he will exempt bitcoin from capital gains tax and start backing the dollar with hard assets like bitcoin.

This 2024 presidential candidate has repeatedly made promises outlining the policies he would enact if elected, including some targeting Bitcoin. However, this new disclosure may indicate a conflict of interest for future applicants.

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