Bitcoin Stash: US Presidential Candidate Discloses $250,000 In BTC Holdings

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Bitcoin takes center stage as Robert F. Kennedy Jr., a presidential candidate in the upcoming US election, finds himself at odds with his previous investment claims.

Known for his vocal support of the digital currency and even accepting it as campaign donation, Kennedy’s own statements now appear contradictory in light of this revelation. 

A recently published report has brought to light that Kennedy possesses Bitcoin holdings ranging from $100,001 to $250,000, as indicated by the disclosed financial records.

Unfortunately, the filing lacks details regarding the timing of his Bitcoin purchases, leaving the public curious about the extent of his involvement in the cryptocurrency market.

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Robert F. Kennedy Jr.’s Bitcoin Holdings: A Clarification Emerges

Hours following the publication of the report uncovering Robert F. Kennedy Jr.’s substantial Bitcoin holdings, his campaign manager, former Democratic Rep. Dennis Kucinich, stepped forward to provide a clarification. Kucinich stated that the Bitcoin purchase in question belonged to Kennedy’s wife, absolving the candidate of direct ownership. 

However, the campaign’s stance swiftly changed, acknowledging that Kennedy indeed made the investment. The campaign clarified that the investment occurred after Kennedy’s speech in Miami but prior to the filing deadline of June 30.

JUST IN: 🇺🇸 Presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in #Bitcoin, financial records reveal.

— Watcher.Guru (@WatcherGuru) July 7, 2023

During a Bitcoin conference in May, Kennedy had explicitly stated: “I am not an investor, and I am not here to give investment advice.”

This declaration seemed to contradict the subsequent revelation of his crypto holdings. Throughout his campaign for office, Kennedy had consistently voiced his support for Bitcoin, expressing admiration for the digital currency on various occasions during events and on social media.

Bitcoin inches toward the halfway mark to $31K. Chart: TradingView.com

A Critic Of Proposed Policies

In May, Kennedy publicly criticized the proposed 30% crypto mining tax put forward by President Joe Biden’s administration. He voiced his opposition to the tax measure, aligning himself with the concerns of the cryptocurrency community. Additionally, Kennedy condemned central bank digital currencies (CBDCs), expressing skepticism about their potential impact on the financial system.

As the United States gears up for the pivotal presidential election of 2024, the digital asset industry has emerged as a prominent topic in the political landscape. The increasing relevance and impact of cryptocurrencies and blockchain technology have led politicians to incorporate discussions about the industry into their campaigns and policy agendas.

With the rapid growth and adoption of digital assets like Bitcoin and Ethereum, their position in the financial sector has become a significant point of discourse among potential candidates.

The potential benefits and risks associated with cryptocurrencies, decentralized finance (DeFi), and blockchain technology have garnered attention from policymakers, regulators, and the public alike.

Featured image from Bitcoin.com

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