Robert F. Kennedy Jr. invested up to $250,000 in Bitcoin after Miami’s conference

Democratic governmental candidate Robert F. Kennedy Jr. owns up to $250,000 in Bitcoin (BTC), in contrast to his previous claim that he was not a financier in the leading cryptocurrency.A record gotten by CNBC reveals Kennedy Jr. owned in between $100,001 and $250,000 worth of Bitcoin at the end of June. The financial investment was made after his speech at the Bitcoin 2023 conference in May, when he revealed that his project would be the first to accept Bitcoin donations in the United States. Throughout the conference, the candidate also rejected investing in Bitcoin. “I am not an investor, and I am not here to provide financial investment suggestions,” he stated.The financial disclosure submitted on June 30 does not specify when the cryptocurrency was acquired, just that it has returned less than $201 since the financial investment was made. The filing does not suggest who made the purchase in the Kennedy household, although the candidates project acknowledged it was Kennedy Jr.Screenshot of Robert F. Kennedy Jr.s financial disclosure submitted on June 30. Source: CNBCChallenging President Joe Biden, Kennedy Jr. has actually targeted the crypto neighborhood in his campaign. In a Twitter post on May 3, he stated that “cryptocurrencies, led by bitcoin, together with other crypto technologies are a significant innovation engine,” adding that it was a mistake for the U.S. government “to hobble the industry and drive innovation elsewhere.” Among his rich backers is Twitter creator and the Block Inc. CEO Jack Dorsey, who has recently thrown his weight behind the candidate. “He can and will,” composed Dorsey on Twitter about the candidates technique to defeat his opponents in the upcoming race. Kennedy Jr. is the kid of former Attorney General and Senator Robert F. Kennedy, as well as the nephew of the 35th President of the U.S. John F. Kennedy. His support comes at a crucial time for the American crypto market, as the Securities and Exchange Commission (SEC) is breaking down on crypto services in the absence of an appropriate regulatory framework for digital properties in the U.S.Magazine: Bitcoin is on a collision course with Net Zero promises

Other Questions People Ask

What prompted Robert F. Kennedy Jr. to invest up to $250,000 in Bitcoin after Miami's conference?

Robert F. Kennedy Jr. decided to invest in Bitcoin after delivering a speech at the Bitcoin 2023 conference in May. During his address, he announced that his campaign would be the first in the U.S.

How much Bitcoin did Robert F. Kennedy Jr. invest after the Miami conference?

Robert F. Kennedy Jr. invested between $100,001 and $250,000 in Bitcoin following the Miami conference. This financial disclosure was made public at the end of June, revealing his significant stake in the cryptocurrency market.

What was Robert F. Kennedy Jr.'s initial stance on Bitcoin before his investment?

Before investing in Bitcoin, Robert F. Kennedy Jr. publicly stated that he was not an investor and was not there to provide financial advice during the Bitcoin 2023 conference. His remarks suggested a cautious approach to cryptocurrency investment, which contrasts sharply with his subsequent decision to invest a substantial amount in Bitcoin.

Who are some of Robert F. Kennedy Jr.'s supporters in the crypto community?

Among Robert F. Kennedy Jr.'s notable supporters in the crypto community is Jack Dorsey, the co-founder of Twitter and CEO of Block Inc. Dorsey has publicly endorsed Kennedy Jr., emphasizing his potential to challenge opponents effectively in the upcoming election. This backing highlights the intersection of politics and cryptocurrency, particularly as Kennedy Jr.

What impact could Robert F. Kennedy Jr.'s investment in Bitcoin have on his political campaign?

Robert F. Kennedy Jr.'s investment in Bitcoin could significantly enhance his political campaign by appealing to the growing number of cryptocurrency supporters. By positioning himself as a candidate who embraces digital currencies, he may attract voters who are concerned about regulatory crackdowns on crypto assets. This strategic move aligns with his campaign's messaging about innovation and economic freedom, potentially giving him an edge in the competitive political landscape.