Democratic presidential candidate Robert F. Kennedy Jr, confirmed that he owns a substantial quantity of Bitcoin—after saying he did not, and after the crypto was initially atrributed to his spouse. Even so, it’s not a battle of curiosity, in keeping with his marketing campaign.
Kennedy praised Bitcoin throughout a keynote deal with at Bitcoin 2023 in Miami in Might, and stated the community must be nurtured and guarded. He additionally stated that his marketing campaign would settle for donations in Bitcoin. However he additionally instructed conference-goers he was not an investor in Bitcoin, and that his endorsement of the asset didn’t quantity to funding recommendation.
Nonetheless, a monetary disclosure obtained by CNBC reveals Kennedy’s household holds between $100,001 and $250,000 value of Bitcoin in a brokerage account as of June 30. The submitting, which doesn’t state when the funding came about, says Kennedy’s household’s revenue from the acquisition is lower than $201.
Kennedy’s marketing campaign supervisor, Democratic Rep. Dennis Kucinich, instructed CNBC {that a} battle of curiosity doesn’t exist, and the acquisition came about after Kennedy’s constructive remarks concerning Bitcoin in Miami.
Following the report’s launch, Kennedy’s marketing campaign first instructed CNBC the Bitcoin belonged to Kennedy’s spouse Cheryl Hines, who is thought for her work on the tv present “Curb Your Enthusiasm.” A consultant from Kennedy’s marketing campaign later stated that they had been mistaken, and that the Bitcoin funding did certainly belong to Kennedy.
On the Democratic aspect of the aisle, Kennedy has been a strong supporter of Bitcoin amongst candidates, whereas Republican hopefuls like Florida Governor Ron DeSantis and Vivek Ramaswamy have additionally tried to courtroom the Bitcoin vote.
Whereas Kennedy’s feedback on Bitcoin have change into much less frequent since Miami—the subject by no means got here up throughout his intensive one-on-one with Twitter proprietor Elon Musk final month—Kennedy has continued to tweet his assist of crypto’s oldest coin, occasionally.
“Bitcoin shouldn’t be solely a bulwark in opposition to totalitarianism and the manipulation of our cash provide, it factors the best way towards a future through which authorities establishments are extra clear and extra democratic,” he stated on June 27.
Kennedy has attracted assist from some distinguished members of the crypto neighborhood, together with Block CEO Jack Dorsey, who stated final month Kennedy “can and can” beat DeSantis or Donald Trump on the poll field.
To ensure that that to occur, Kennedy would want to win in opposition to President Joe Biden within the Democratic presidential primaries first. A latest ballot from Echelon Insights reveals 65% of voters would follow Biden versus 14% who would choose Kennedy.
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