Robert Kennedy Jr. Buys 14 BTC for His Children: “Put My Money Where My Mouth Is”
US Democrat presidential candidate, Robert Kennedy Jr., recently shared that he bought 14 BTC for his children after facing media criticism for talking favorably about Bitcoin without owning any himself. Kennedy Jr. purchased two BTC for each of his seven children, following the Bitcoin Miami conference in May 2023. He acknowledged the support he received from the BTC community and highlighted that he now had actual ownership of the asset. The current price of Bitcoin puts the value of his purchase at over $413,000.
Key Points:
- Robert Kennedy Jr. bought 14 BTC for his children.
- The purchase came after facing media criticism for not owning any Bitcoin.
- Kennedy Jr. purchased two BTC for each of his seven children.
- Bitcoin was trading around $27,000 at the time of purchase.
- Bitcoin is now worth $29,538, valuing the purchase at over $413,000.
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“The Currency of Freedom”
Kennedy Jr., who referred to Bitcoin as “the currency of freedom,” has been a vocal supporter of digital currencies. He pledged to ensure individual control over digital wallets and to prevent government interference if he were elected president. In addition, he expressed his administration’s intention to back the US dollar with assets like Bitcoin, silver, or gold to restore the currency’s strength, combat inflation, and provide financial stability and prosperity to America. Kennedy Jr. also criticized President Joe Biden’s proposed crypto tax policy and promised to eliminate capital gains tax on BTC if he becomes president.
Hot Take: It’s interesting to see a presidential candidate embracing Bitcoin and demonstrating his commitment by purchasing the cryptocurrency for his children. Kennedy Jr.’s support for Bitcoin and his vision for its role in financial and political systems may resonate with crypto enthusiasts and stir discussions on mainstream adoption.
