U.S. Democratic presidential candidate Robert F. Kennedy Jr. has repeatedly praised Bitcoin this year and said that he had not personally participated in investments. However, his property declaration later revealed that he holds Bitcoin, which caused controversy. Troubles. He confirmed today (27th) that he had indeed bought 14 Bitcoins, but that was just to "invest in the future for his children."

Robert F. Kennedy Jr said in a conversation with cryptocurrency investor and podcast host Scott Melker on Twitter Spaces today that "Bitcoin is a free currency" and pointed out that he has been criticized for actively promoting Bitcoin in the past but not participating in investments. He was criticized by the media, so he decided to become a cryptocurrency investor.

Robert F. Kennedy Jr praised Bitcoin at the "Bitcoin 2023 Conference" held in Miami in May this year, saying that Bitcoin should be cultivated and protected. He also said that his campaign will accept Bitcoin donations, but he has not personally invested in Bitcoin, and his endorsement of Bitcoin is not equivalent to investment advice. Now he explained:

After the Bitcoin conference, I decided to take action and purchased 2 Bitcoins for each of my 7 children.

Robert F. Kennedy Jr added, "Now that I am a Bitcoin owner, I am sure they (the media) will eventually find other ways to attack me, but at least no one can say that I am inconsistent with my words and deeds."

According to historical market data, a few days after the Bitcoin Conference, Bitcoin was trading at about $27,000. At the current price of about $29,500, these 14 Bitcoins are now worth nearly $414,000.

In early July this year, CNBC cited financial revelations that the family of Robert F. Kennedy Jr. held between $100,000 and $250,000 worth of Bitcoin in a brokerage account as of June 30. After the news came to light, he first claimed that the investment belonged to his wife, but later changed his story and admitted that he had bought Bitcoin. The inconsistent statements aroused doubts from all walks of life.

Despite the controversy, Robert F. Kennedy Jr’s support for Bitcoin remains undiminished. Last week, he promised that if he were elected president, he would exempt Bitcoin from capital gains tax and start using hard assets such as Bitcoin to Support USD.

This article recognized "I bought 14 Bitcoins"! Little Kennedy: That is to help children invest in the future. First appeared on Blockchain.