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Robert F. Kennedy Jr. recently acknowledged that he did, in fact, own bitcoin during a Twitter Spaces chat with Scott Melker, presenter of the podcast The Wolf of All Street. This information was revealed after he originally denied owning any bitcoins, which had been listed on a financial disclosure form.
Kennedy said he decided to buy bitcoin not long after visiting the Miami-based Bitcoin Conference, which took place between May 18 and May 20 of this year. He bought two bitcoins for each of his seven children after being encouraged by attendees’ enthusiasm for the cryptocurrency.
Kennedy’s support for bitcoin extends beyond individual investments. He recently stated that he strongly supported the token’s potential contribution to the American economy. Kennedy expressed his dedication to fostering the growth and acceptance of the currency by promising to exclude bitcoin from capital gains taxes if he were to win the president.
Additionally, he plans to strengthen the economic foundation of the country by backing the dollar with tangible assets like bitcoin. This argument supports the rising interest in cryptocurrencies as possible value storage and substitutes for conventional fiat currency.
CNBC reported on a contradiction in Kennedy’s claims earlier this month regarding his possession of bitcoin. He first said that he was not a bitcoin investor, but a financial disclosure form dated June 30 showed that he really owned bitcoin, which was worth between $100,000 and $250,000 at the time.
The campaign first claimed that Kennedy’s wife owned the holdings, but it was eventually made clear that the candidate actually owned them. This explanation demonstrates Kennedy’s openness in handling the situation and confirms his conviction that bitcoin has the potential to be a worthwhile investment.
The disclosure of Robert F. Kennedy Jr.’s bitcoin ownership demonstrates the rising popularity of cryptocurrencies among influential people.