Robert F. Kennedy Jr., fighting for the US presidential position, holds nearly $250,000 in Bitcoin, contrary to his prior claim that he was not a Bitcoin investor.
Kennedy Jr. invested between $100,001 and $250,000 worth of Bitcoin at the end of June, according to a record obtained by a news media firm.
The investment was initiated after his appearance at the Bitcoin 2023 event in May, where he said that his campaign will be among the first to accept Bitcoin donations in the US.
Additionally, the candidate denied buying Bitcoin at the event. He said, “I am not an investor, and I am not here to provide investing advice.”
The financial report submitted on June 30 does not state when the cryptocurrency was bought; it merely states that it has generated less than $201 in returns since the purchase was made.
However, the candidate’s campaign confirmed it was Kennedy Jr., the document does not state who made the investment in the Kennedy family.
Kennedy Jr., standing against President Joe Biden, has focused his campaign on the cryptocurrency industry.
Kennedy said in a tweet on May 3 that “digital currencies, led by bitcoin, combined with other crypto technologies are an important innovation engine,” and that it was wrong for the US administration “to hamper the sector and push technology elsewhere.”
Jack Dorsey, CEO of Block Inc. and the creator of Twitter, is one of his wealthiest supporters and just gave the campaign his support. When asked about the candidate’s plan to beat his rivals in the forthcoming election, Dorsey responded on Twitter with the words “He can and will.
Kennedy Jr. is the nephew of John F. Kennedy, the 35th President of the United States, as well as the son of former Attorney General and Senator Robert F. Kennedy.
Kennedy support arrives at a vital time for the American cryptocurrency sector as the Securities and Exchange Commission (SEC) cracks down on cryptocurrency firms due to the lack of an adequate regulatory framework for digital currency in the country.
