Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
Robert F. Kennedy Jr. – the nephew of former US President John F. Kennedy and a candidate for the 2024 presidential elections – reaffirmed his endorsement of bitcoin, revealing that he purchased two BTC for each of his seven children.
The prominent digital currency is a focal point of his political campaign, with Kennedy pledging to exempt its conversion to the US dollar from capital gains taxes. He also promised to support the US national currency with “real finite assets,” including gold, silver, platinum, and bitcoin.
Transferring BTC to Future Generations
The Democratic party’s presidential candidate – Robert F. Kennedy (recognized for his contentious opinions on nuclear energy, the COVID-19 vaccination initiative, and weaponry) – has also garnered the interest of Bitcoin enthusiasts, positioning himself as a strong proponent.
During a recent Twitter Spaces event led by Scott Melker (known as “The Wolf of All Streets”), he disclosed that he bought two BTC for each of his seven children shortly after the Bitcoin Conference in Miami in May of this year. At that time, the asset’s price was around $27,000, indicating he likely spent approximately $380,000 to obtain the holdings.
“Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is, and so I bought two BTC for every one of my seven children,” Kennedy remarked.
Robert F. Kennedy Jr, Source: STAT News
Related Posts
Although the 69-year-old mentioned that he first learned about the leading cryptocurrency in 2009, he did not pay much attention to it initially. However, his perspective shifted at the start of 2022 during the significant truckers’ protest in Canada.
ADVERTISEMENT
It is worth noting that demonstrators received substantial crypto contributions, while local authorities instructed financial institutions to halt any transactions related to them. This led to considerable controversy, with many emphasizing BTC’s decentralized characteristics and opposing the government’s actions to restrict such transactions.
Expressing Gratitude to Bitcoiners
Following this, Kennedy expressed gratitude for the backing he received from the Bitcoin community, stating he shares a “spiritual bond” with them. He characterized members of this ecosystem as a “unique breed” that is not solely focused on financial gain but also on liberty:
“Bitcoiners are a unique breed. Of all the financial people I’ve met in my life, people in finance are mainly interested in making a big pile for themselves, and whoever dies with the most money wins.
Bitcoiners are a different breed; they appreciate money and profits, but primarily because it demonstrates that one can generate wealth by doing good and achieving freedom. They are ideologically driven.”
Featured Image Courtesy of CNN
SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
