Robert F. Kennedy Jr., former presidential candidate and now Cabinet nominee, has revealed that he holds about 90% of his liquid assets in Bitcoin.
In a follow-up post on November 16 on X, he reaffirmed his support, calling it “the currency of freedom” and an inflation hedge. Read on to get the complete picture of his endorsement of the biggest cryptocurrency in the market. These are not mere words: Kennedy has been bullish on Bitcoin for years.
Kennedy’s Bitcoin Journey
This is not the first time that Kennedy will support digital currencies. In July last year, he said he would buy Bitcoin for his seven children. On Twitter Spaces, he said, “I had a huge check after attending a Bitcoin conference and thought, well, I’ll invest in the product.” He said that most people cash in their winnings by selling them, adding, “I bought two Bitcoins for every one of my seven kids.”
Kennedy views this digital currency as more than an investment; he sees it as a critical financial independence and stability tool. He’s also emphasized its role, alongside other hard assets like gold and silver, could protect the US dollar from losing value.
🇺🇸 Robert F. Kennedy Jr. says “I put most of my wealth into #Bitcoin, so I am fully committed.” pic.twitter.com/FZx7uGZoqT
— Watcher.Guru (@WatcherGuru) November 17, 2024
A Vision for Bitcoin in Government
Kennedy’s interest goes beyond personal investments to the broader potential of blockchain technology. In April 2024, he suggested that they conclude the US fiscal budget on the blockchain. His goal? To ensure greater openness and to check the government.
At the Bitcoin 2024 conference in Nashville, Tennessee, Kennedy made even bolder promises. During his presidential campaign, he suggested setting up a strategic Bitcoin reserve and moving the government’s physical holdings to the Federal Reserve. Kennedy also pushed the country to adopt Bitcoin, stressing its role in protecting the dollar’s position as a reserve currency.
NEW: 🇺🇸 RFK Jr. says “I’m gonna put the entire US budget on blockchain”
“Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.”
“We’re gonna have 300 million eyeballs on our budget!” pic.twitter.com/TBpkcXt5i1
— Radar🚨 (@RadarHits) April 22, 2024
Kennedy expresses his opinions on this digital asset and its unique features. Because of decentralization, he sees it as a specialized item, the amount of which is scarce and the rate at which it cannot be inflated. According to him, it provides the stability and freedom that often elude regular money.
Conclusion
Robert F. Kennedy Jr. likes Bitcoin and stresses its importance in political and economic talks. He backed up his words by buying it for his children and imagining a government that uses blockchain technology. His story demonstrates how Bitcoin shifts our ideas about money, putting freedom and control at the forefront.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
