His comments in May that he was not an investor in Bitcoin disagree with the most current investment declaration.
Robert F. Kennedy Jr., a Democratic presidential candidate, made waves when it was discovered in a financial report acquired by CNBC that he may have up to $250,000 worth of Bitcoin. This admission went against his earlier denial that he was connected to the most popular cryptocurrency.
Following Kennedy Jr.’s participation at the Bitcoin 2023 conference in May, where he declared that his campaign would take Bitcoin donations, the investment in Bitcoin was made. This action made his campaign the first in the country to accept Bitcoin donations.
Kennedy Jr. made it clear that he wasn’t a Bitcoin investor and wasn’t giving investing advice at the Bitcoin 2023 conference. The most recent financial information, however, refutes his earlier claim.
Related: US Presidential Candidate RFK Jr. Owns Up to $250,000 in Bitcoin
The timing of Kennedy Jr.’s bitcoin investment is not mentioned in the financial disclosure document submitted on June 30. It merely shows that since its acquisition, the Bitcoin investment has generated returns of less than $201. Additionally, the declaration does not identify the Kennedy family member who made the purchase, despite the campaign’s confirmation that it was Kennedy Jr.
The crypto community has been a primary focus of Kennedy Jr.’s campaign, and the candidate has publicly stated his support for cryptocurrencies and the innovation they provide. On May 3, he criticized the U.S. government’s strategy of stifling the business and perhaps driving innovation abroad in a tweet by highlighting Bitcoin and other crypto technologies as important drivers of innovation.
A number of prominent individuals in the cryptocurrency sector, including Jack Dorsey, the founder of Twitter, have endorsed Kennedy Jr. The CEO of Block Inc., Dorsey, expressed his belief in Kennedy Jr.’s capacity to successfully negotiate the political system and overcome his rivals.
Related: Robert F. Kennedy Jr. Embraces Bitcoin in his Campaign
Kennedy Jr. has a substantial political history being the nephew of former President John F. Kennedy and the son of former Attorney General and Senator Robert F. Kennedy. The American crypto industry may be significantly impacted by his position on cryptocurrency and the support he has received from key figures in the field.