Robert F. Kennedy Jr. Confirms Purchase of Bitcoin, Putting His Money Where His Mouth Is
Democratic presidential candidate Robert F. Kennedy Jr. has confirmed that he purchased a significant amount of Bitcoin earlier this year. Here are the key points:
– Kennedy had been criticized for endorsing BTC publicly at the Bitcoin Miami Conference in May.
– In a recent interview, Kennedy revealed that he purchased 2 BTC for each of his seven children, aligning with his belief in Bitcoin’s potential benefits.
– He supports backing the U.S. dollar with Bitcoin and exempting it from capital gains taxes if he becomes President, as he believes it can drive innovation in America.
– However, he suggests limiting capital gains exemptions on Bitcoin conversions to smaller investors and businesses to avoid windfalls for large corporations.
– Kennedy’s decision to invest in Bitcoin was a response to critics who accused him of promoting a “volatile commodity” without having a personal stake in it.
Hot Take:
By purchasing Bitcoin for his children, Robert F. Kennedy Jr. has shown his belief in the potential of cryptocurrency and put his money where his mouth is. This move aligns with his support for backing the U.S. dollar with Bitcoin and promoting innovation in America. However, he emphasizes the need to limit capital gains exemptions to smaller investors and businesses, rather than benefiting large corporations. Kennedy’s investment in Bitcoin highlights the growing acceptance and adoption of cryptocurrency, even among political figures.
By
By
By
By
By