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Robert F. Kennedy Jr Bets on Bitcoin: What Does It Mean?

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2 hours ago


Robert F. Kennedy Jr made headlines again due to past statements about Bitcoin, claiming to have invested most of his wealth in the cryptocurrency.

Kennedy and Bitcoin

The former US presidential candidate Robert F. Kennedy Jr described Bitcoin as the 'currency of freedom' in a November online post and reiterated the digital asset's role as a hedge against inflation. He expressed his commitment to Bitcoin, noting his attendance at a cryptocurrency conference a year ago and subsequent investment of a large portion of his wealth into Bitcoin.

I'm a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I'm fully committed.Robert F. Kennedy Jr

Bitcoin as a Family Investment

In July 2023, Kennedy revealed that he bought Bitcoin for each of his children. Following the purchase, he claimed that after receiving a large check, he decided to put his money where his mouth is by purchasing two Bitcoins for each of his seven children.

Right after that Bitcoin conference, I got a big check, and I said I'm going to put my money where my mouth is, so I bought two Bitcoin for every one of my seven children.Robert F. Kennedy Jr

Future Plans

In April 2024, Kennedy revealed plans to place the entire US fiscal budget on a blockchain to achieve maximum transparency and government accountability. During the Bitcoin 2024 event in Nashville, Tennessee, he promised to establish a Bitcoin strategic reserve if elected President and committed to signing an executive order to transfer the US government's vast Bitcoin holdings to the Federal Reserve.

Bitcoin is inevitable. We need to move as a country that’s able to get some control over Bitcoin as part of a reserve.Robert F. Kennedy Jr

Robert F. Kennedy Jr continues to actively support Bitcoin, viewing it as a means to strengthen the US's economic status and ensure financial freedom. His actions and statements underscore his confidence in the future of cryptocurrency.

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