Because the race for the White Home heats up, Democratic candidate for U.S. president Robert Kennedy Jr, has come out as a proponent of Bitcoin, and says he has confirmed that dedication by shopping for 14 Bitcoin final Might.
In a Wednesday Twitter Spaces interview with crypto investor and podcaster Scott Melker, Kennedy referred to as Bitcoin the forex of freedom, and stated he determined to change into a crypto investor after he was chided by media retailers for selling Bitcoin however didn’t personal any.
“I purchased two Bitcoin for every of my seven kids,” Kennedy stated, noting he made the transfer “proper after” his look on the Bitcoin Convention in Might. “Now I’m a Bitcoin proprietor, and I’m positive they’ll now discover a completely different strategy to come at me, however nobody can say I didn’t put my cash the place my mouth is.”
Kennedy and Melker additionally mentioned how banks can shut down buyer financial institution accounts with out warning, and urged political stress could also be behind the closure of the checking account of Joseph Mercola, described by the New York Occasions as “essentially the most influential spreader of coronavirus misinformation on-line.”
“Right here now we have a strong banking curiosity that that has obtained all types of federal authorities help and it is totally depending on its on its relationship with the Fed and the federal authorities and it’s shutting down one in every of its prospects for political speech,” Kennedy stated. “I feel that incident alone ought to be one that every one of us ought to be terrified about, and and it makes the the transfer towards Bitcoin, all of the extra essential.”
In the course of the annual convention held in Miami, Florida, Kennedy stated covid-19 restriction led him to Bitcoin, and he claimed to be the primary presidential candidate to simply accept Bitcoin donations by the Lightning Community. However he additionally stated that he did not personal any, and wasn’t there to provide funding recommendation.
At present, the value of a Bitcoin is $29,330 per coin, in accordance with CoinMarketCap. On the time of his speech at Bitcoin 2023, the value of a Bitcoin stood round $27,128. If Kennedy’s claims are true, the Kennedy Bitcoin treasury could be value round $400,000 right now.
Earlier this month, a monetary disclosure doc obtained by CNBC confirmed Kennedy’s Household held (on the time) between $100,000 and $250,000 value of Bitcoin.
His convention tackle established his robust alignment with so-called digital gold.
“Once I witnessed this cataclysm—this devastating use of presidency repression—I noticed for the primary time how free cash is as essential to freedom as free expression,” Kennedy stated.
Kennedy added that the various environmental claims about Bitcoin are unfounded.
“I imagine that the environmental arguments in opposition to Bitcoin are a smokescreen to obscure the true motives for suppressing Bitcoin,” he stated, citing the large price of infinite wars and environmentally damaging tasks.
Whereas Kennedy is just not anticipated to win the Democratic occasion’s nomination—on-line wagering websites put his odds at around 11 percent—he has drawn the help of fervent crypto followers.
“I’m very blissful for the help I’ve gotten from the Bitcoin neighborhood,” Kennedy stated.