Democratic presidential candidate Robert F. Kennedy Jr. confirmed his recent purchase of a significant amount of Bitcoin earlier this year.
Putting His Money Where His Mouth Is
Kennedy had been previously criticized for publicly endorsing BTC at the Bitcoin Miami Conference in May. During a Twitter Space session on July 26, he revealed that he is not promoting an idea he does not believe in, as he has purchased 2 BTCs for each of his seven children. This disclosure marks the first time Kennedy has acknowledged owning cryptocurrency and aligns with his stance on promoting Bitcoin’s potential benefits.
In the interview, Kennedy reiterated his support for backing the U.S. dollar with Bitcoin and exempting the asset from capital gains taxes if he becomes President. He believes that Bitcoin can drive innovation in America.
However, he emphasized that capital gains exemptions on Bitcoin conversions should be limited to smaller investors and businesses, avoiding windfalls for large corpor
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