Robert F. Kennedy Jr. Invests in Bitcoin After Miami Crypto Conference

Robert F. Kennedy Jr. Invests in Bitcoin

Democratic presidential candidate Robert F. Kennedy Jr. has revealed that he owns up to $250,000 worth of Bitcoin (BTC), despite previously denying he was an investor in the leading cryptocurrency.

CNBC has obtained a record which shows Kennedy Jr. held between $100,001 and $250,000 of Bitcoin at the end of June. The investment appears to have been made after his speech at the Bitcoin 2023 conference in May, where he announced his campaign would be the first to accept Bitcoin donations in the United States.

At the conference, Kennedy Jr. denied investing in Bitcoin, saying: “I am not an investor, and I am not here to give investment advice.”

The financial disclosure filed on June 30 does not reveal when the crypto was purchased, only that it has returned less than $201 since the investment was made. The filing does not specify who made the purchase for the Kennedy family, but the candidate’s campaign has confirmed it was Kennedy Jr.

The news comes as the crypto industry continues to expand, with more and more people investing in coins like Fantom, Shiba Inu, Avax, Cosmos, Algo, Cronos, Crypto.com, Helium, and ICP Crypto.

Crypto Innovations and the Kennedy Jr. Campaign

Cryptocurrencies, such as Bitcoin, and other crypto technologies have been identified by Robert F. Kennedy Jr.’s son, Kennedy Jr., as a major innovation engine in his campaign challenging President Joe Biden. On May 3, he posted on Twitter that it was a mistake for the U.S. government to “hobble the industry and drive innovation elsewhere.”

Jack Dorsey, the Twitter founder and CEO of Block Inc., is among the wealthy backers of Kennedy Jr., and has publicly expressed his support. He tweeted that Kennedy Jr. “can and will” defeat his opponents in the upcoming race.

Kennedy Jr. is the son of former Attorney General and Senator Robert F. Kennedy, as well as the nephew of the 35th President of the U.S. John F. Kennedy. His support comes at a crucial time for the American crypto industry, as the Securities and Exchange Commission (SEC) is cracking down on crypto businesses, such as Fantom Crypto, Shiba Inu, AVAX Crypto, Cosmos Crypto, Algo Crypto, Cronos Crypto, Crypto.com Today, Helium Crypto, Crypto Live, and ICP Crypto, in the absence of a proper regulatory framework for digital assets in the U.S.