RFK Jr. Admits Buying Bitcoin for His Children After Attending Miami Conference
Democratic presidential candidate Robert F. Kennedy Jr. has revealed that he has purchased two Bitcoins (BTC) for each of his seven children.
During a Twitter Spaces conversation on Wednesday with Scott Melker, the host of The Wolf of All Street podcast, Kennedy revealed that he purchased the tokens in response to criticism he faced for promoting a "volatile commodity" without having any personal stake in it.
"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 Bitcoin for every one of my seven children," he said.
Kennedy has six biological children, consisting of four sons and two daughters, ranging in age from 22 to 38. It is presumed that the seventh child is from Kennedy's current marriage to actress Cheryl Hines.
Kennedy popularly endorsed Bitcoin during the Miami Bitcoin Conference held from May 18 to May 20 this year.
He referred to the cryptocurrency as an "exercise in democracy" during his well-received keynote speech at the event, calling Bitcoin a “bulwark” against “government and corporate expansion and intrusion" at the time.
“As president, I will make sure that your right to hold and use Bitcoin is inviolable."
Bitcoin's price was approximately $27,000 in the days following the conference.
However, with the current value hovering around $29,500, the 14 bitcoin Kennedy purchased for his children are now worth almost $414,000.
While this is the first time Kennedy has openly admitted to owning cryptocurrency, a financial disclosure released earlier this month showed that the presidential candidate was a Bitcoin holder.
As reported, the filing showed Kennedy had between $100,001 and $250,000 worth of Bitcoin held in a
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