RFK Jr. Allocates Most of His Wealth Into Bitcoin
18 Nov, 2024 ● Crypto people
Robert F. Kennedy Jr., the former presidential candidate and current Cabinet nominee, drew attention again by announcing that he had “invested most of his wealth” in Bitcoin.
In a Nov. 16 online post, the former independent candidate emphasized Bitcoin as the “currency of freedom” and reiterated its effectiveness as a hedge against currency inflation. In a recently resurfaced video, he remarked:
"I'm a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I'm fully committed."
Kennedy has long been a vocal advocate for Bitcoin, highlighting how the decentralized, supply-capped, neutral currency—alongside hard assets like gold and silver—could help stabilize the US dollar against devaluation.
In July 2023, RFK Jr. disclosed that he had purchased Bitcoin for each of his children. Speaking at a Twitter Spaces event, he explained:
“Right after that Bitcoin conference, I got a big check, and I said I'm going to put my money where my mouth is, so I bought two Bitcoin for every one of my seven children.”
In April 2024, he shared his vision of putting the entire US fiscal budget onchain to promote maximum transparency and government accountability.
At the Bitcoin 2024 event in Nashville, Tennessee, Kennedy vowed to establish a Bitcoin strategic reserve if he became president and pledged to sign an executive order transferring the US government’s extensive Bitcoin holdings to the Federal Reserve.
In a July 2024 interview with Cointelegraph editor Sam Bourgi, RFK emphasized that Bitcoin could help secure the US dollar’s status as a reserve currency.
He called Bitcoin “Inevitable” and added, “We need to move as a country that’s able to get some control over Bitcoin as part of a reserve.”
Sources:
https://cointelegraph.com/news/i-put-most-my-wealth-bitcoin-i-am-fully-committed-rfk-jr
