Benzinga - Democratic presidential candidate Robert F. Kennedy Jr is reportedly a Bitcoin (CRYPTO: BTC) holder.
What Happened: According to a financial disclosure form he filed June 30, there was a brokerage account holding between $100,001 and $250,000 worth of Bitcoin.
This has sparked concerns about a potential conflict of interest as Kennedy continues to tout the apex cryptocurrency during his campaign.
Since the Miami conference, Kennedy has continued to publicly express his support for Bitcoin. In a late June tweet, he described bitcoin as a safeguard against totalitarianism and a means to achieve greater transparency and democracy in government institutions. This tweet included a video clip from his Miami speech, in which he expressed his pro-bitcoin stance if elected president.
As president, I will make sure that your right to use and hold Bitcoin is inviolable. Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way toward a future in which government institutions are more transparent and more… pic.twitter.com/rPkMARieYu— Robert F. Kennedy Jr (@RobertKennedyJr) June 27, 2023
Kennedy Jr. made headlines at the world’s largest Bitcoin conference. He said, “I am not an investor…I am not here to give investment advice,” while also announcing acceptance of bitcoin donations for the campaign.
The financial disclosure form does not provide specific details about when the Bitcoin was purchased, who made the purchase, or the original investment amount. It also does not mention whether the holding has been sold.
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Why It Matters: After the publication of this news, the Kennedy campaign told CNBC that the bitcoin investment belonged to Kennedy’s wife, Cheryl Hines, and emphasized that he was not involved in her investment decisions. However, they later issued a correction, confirming that Kennedy indeed holds a Bitcoin investment, albeit acquired after the Miami speech.
Kennedy, 69, is the son of former Attorney General and U.S. Sen. Robert F. Kennedy and the nephew of former President John F. Kennedy, both of whom tragically were assassinated in the 1960s.
Price Action: At the time of writing, BTC was trading at $30,213, down 0.29%, in the last 24 hours, trident at $1.10, as per data from Benzinga Pro.
Photo courtesy: Shutterstock.com
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