Robert F. Kennedy Jr. Holds Bitcoin Worth $250,000
- Kennedy recently appeared at the Bitcoin Conference in Miami, where he promised to represent the interests of Bitcoin enthusiasts.
- Many believe Kennedy’s involvement with Bitcoin is a conflict of interest.
- Kennedy is the nephew of the late President John F. Kennedy and the son of the former attorney general, Robert F. Kennedy.
US Presidential candidate Robert F. Kennedy Jr. has come under fire after a CNBC report revealed that he holds between $100,002 and $250,000 in Bitcoin. Kennedy made a special appearance at the Bitcoin Conference in Miami in May, where he announced that he would accept donations in Bitcoin.
The Democrat at the time promised to protect the interests of Bitcoiners despite not being an investor in the token. However, a financial disclosure form he filed on June 30 shows his involvement with the cryptocurrency.
The public disclosure of Kennedy’s substantial BTC holdings has raised concerns about his objectivity in policymaking, particularly with regard to the oversight of the cryptocurrency sector. The 69-year-old politician is an outspoken critic of government-issued digital assets, yet his financial stake in Bitcoin raises questions about possible conflicts of interest.
According to reports, Kennedy’s campaign manager, Dennis Kucinich, has clarified that Kennedy’s investment in Bitcoin was made after his remarkable speech in Miami and before his financial disclosure filing on June 30. Kucinich believes that Kennedy’s association with BTC is not a conflict of interest.
Kennedy’s financial disclosure filing does not specify when the Bitcoin asset was bought, only that it earned less than $201 in income. However, his campaign team has clarified that “the investments were not his, but his wife’s. He is not involved in her investment decisions.”
Kennedy and his longterm support for Bitcoin
Kennedy’s emergence as a presidential candidate was good news to many crypto enthusiasts who had not had a good experience with the Biden administration. During his speech at the Bitcoin conference in Miami, Kennedy promised that if elected president, he would “make sure that your right to hold and use Bitcoin is inviolable.”
Kennedy also tweeted in late June.
Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more democratic.
In another tweet in May, Kennedy wrote that “cryptocurrencies, led by bitcoin, along with other crypto technologies, are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere.”
Despite being far behind Biden in the Democratic primary polls, Kennedy’s campaign caught the interest of several wealthy supporters. His fanbase includes some of the most prominent tech investors, including former Twitter founder Jack Dorsey, Omeed Malik, Chamath Palihapitiya, and David Sacks. Interestingly, a recent survey showed that Biden has 70% support from Democrats compared to Kennedy’s 17%.
Lawrence has covered some exciting stories in his career as a journalist, he finds blockchain-related stories very intriguing. He believes Web3 will change the world and wants everyone to be a part of it.
