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Stirring up the political landscape, U.S. Presidential aspirant, Robert F. Kennedy Jr., has been revealed to possess Bitcoin (BTC), the foremost digital currency, valued up to a quarter of a million dollars. The revelation contradicts his earlier statement that he had no involvement in cryptocurrency investment.
Documents viewed by CNBC have unveiled that Kennedy Jr.'s Bitcoin holdings ranged between $100,001 and $250,000 at the conclusion of June. The audacious investment came following his declaration at the Bitcoin 2023 conference in May that he would pioneer the acceptance of Bitcoin contributions for his campaign in the country.
At the conference, the presidential candidate made it clear that he was not an investor, downplaying his involvement in the cryptocurrency. Despite this, the financial record submitted on June 30 acknowledged Kennedy Jr.'s investment in the digital currency, though it was unclear about the exact acquisition date and who made the purchase. The return since the investment was disclosed to be less than $201.
Kennedy Jr., who's eyeing the position currently held by President Joe Biden, has been vocal about his support for the crypto industry. He made waves on Twitter in May, emphasizing the importance of not stifling the progress of this sector. He cited cryptocurrencies, with Bitcoin at the helm, as potent vehicles of innovation.
Prominent figures like Twitter founder and Block CEO Jack Dorsey are known to back Kennedy Jr. In a recent tweet, Dorsey expressed faith in Kennedy Jr.'s potential to triumph over his opponents in the upcoming race.
Kennedy Jr., son of ex-Senator Robert F. Kennedy and nephew to the late President John F. Kennedy, has come under the limelight at a pivotal moment for the American crypto sphere. The absence of comprehensive regulations for digital assets in the U.S. has led to the Securities and Exchange Commission increasing scrutiny of crypto businesses.
