Robert Kennedy Jr. reveals shopping for 2 Bitcoin for every of his 7 youngsters

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Democratic presidential candidate Robert F. Kennedy Jr. has confirmed he bought a major quantity of Bitcoin (BTC) earlier this yr — shopping for two BTC for every of his seven youngsters.

Talking in a July 26 Twitter Area, Kennedy mentioned the choice got here after he acquired “numerous criticism” from crypto business pundits and the mainstream press within the wake of his pro-Bitcoin feedback made on the Bitcoin Miami Convention in Might.

Kennedy mentioned he was critiqued for selling a “risky commodity” without having any pores and skin of his personal within the sport.

“Proper after that Bitcoin convention I obtained an enormous examine and I mentioned, okay, you realize, I’ll put my cash the place my mouth is and so I purchased two Bitcoin for each one among my seven youngsters.”

Kennedy has six organic youngsters, 4 sons and two daughters ranging in age from 22 to 38.

Presumably, the seventh baby comes from Kennedy’s most up-to-date marriage to actress Cheryl Hines, who had one daughter earlier than the pair married in 2014.

On the time of his speech on the convention — the place he additionally introduced that he would start accepting marketing campaign donations in Bitcoin — the candidate denied having any private funding within the cryptocurrency.

“I’m not an investor, and I’m not right here to offer funding recommendation,” he mentioned.

This marks the primary time that Kennedy has admitted to proudly owning the cryptocurrency, and contours up with a leaked monetary disclosure that exposed the candidate had“between $100,001 and $250,000” price of Bitcoin on the finish of June.

Nevertheless, if RFK Jr. had bought a complete of 14 Bitcoin for an approximate worth of $26,800 within the days following the tip of the convention, his complete holdings on the finish of June would’ve surpassed $380,000.

Associated: RFK Jr. elaborates place on CBDC, crypto: ‘It isn’t simply criminals who need privateness’

On the time of publication, the value of Bitcoin stands at $29,327, in accordance to Cointelegraph worth knowledge, that means that Kennedy’s funding is now price a complete of $410,000.

Within the interview, Kennedy reaffirmed his plan to again the U.S. greenback with Bitcoin in addition to making the asset exempt from capital positive aspects taxes if elected President.

Saying that he sees Bitcoin as a car for returning innovation to America, he added that any capital positive aspects exemptions on Bitcoin conversions ought to solely apply to smaller buyers and companies, as to not create enormous windfalls for big firms like BlackRock and Goldman Sachs.

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