Robert F. Kennedy Jr. invested as much as $250,000 in Bitcoin after Miami’s convention

Democratic presidential candidate Robert F. Kennedy Jr. owns as much as $250,000 in Bitcoin (BTC), in distinction to his earlier declare that he was not an investor within the main cryptocurrency.

A report obtained by CNBC reveals Kennedy Jr. owned between $100,001 and $250,000 value of Bitcoin on the finish of June. The funding was made after his speech on the Bitcoin 2023 convention in Might, when he introduced that his marketing campaign could be the primary to just accept Bitcoin donations in the USA.

In the course of the convention, the candidate additionally denied investing in Bitcoin. “I’m not an investor, and I’m not right here to provide funding recommendation,” he acknowledged.

The monetary disclosure filed on June 30 doesn’t specify when the cryptocurrency was bought, solely that it has returned lower than $201 because the funding was made. The submitting doesn’t point out who made the acquisition within the Kennedy household, though the candidate’s marketing campaign acknowledged it was Kennedy Jr.

Screenshot of Robert F. Kennedy Jr.’s monetary disclosure filed on June 30. Supply: CNBC

Difficult President Joe Biden, Kennedy Jr. has focused the crypto group in his marketing campaign. In a Twitter publish on Might 3, he stated that “cryptocurrencies, led by bitcoin, together with different crypto applied sciences are a significant innovation engine,” including that it was a mistake for the U.S. authorities “to hobble the business and drive innovation elsewhere.”

Amongst his rich backers is Twitter founder and the Block Inc. CEO Jack Dorsey, who has not too long ago thrown his weight behind the candidate. “He can and can,” wrote Dorsey on Twitter in regards to the candidate’s technique to defeat his opponents within the upcoming race.

Kennedy Jr. is the son of former Legal professional Basic and Senator Robert F. Kennedy, in addition to the nephew of the thirty fifth President of the U.S. John F. Kennedy. His assist comes at a vital time for the American crypto business, because the Securities and Alternate Fee (SEC) is cracking down on crypto companies within the absence of a correct regulatory framework for digital belongings within the U.S.

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