Bitcoin Forum

He might not get the nomination to become the Democrats' presidential candidate in their Democratic national convention, however, he is giving free advertisment for bitcoin hehehe.

Also, assuming that Robert Kennedy, a politician, really purchased bitcoins for his kids as part of their inheritance, I reckon that we might be witnessing bitcoin's mainstream acceptance as a collectible.

https://i.ibb.co/cgfzmS2/9-CD64-C28-EB66-412-A-BAE9-FB5-D0-A5-A2423.jpg

Presidential candidate Robert F. Kennedy Jr has always been outspoken about his support for cryptocurrencies. The 2024 presidential candidate has time and again made promises outlining the policies that he will enact if he is elected to power, including some targeting Bitcoin. However, RFK revealed Wednesday that he has actually purchased Bitcoin, 2 BTC for each of his seven children.

RFK previously disputed owning any Bitcoin of his own but confirmed owning 14 BTC in a Twitter space when asked about the subject. “Right after the Bitcoin Conference, I decided to put my money where my mouth is and bought two bitcoin for each of my seven children,” said Kennedy.

Read in full https://watcher.guru/news/rfk-jr-says-he-purchased-bitcoin-for-his-kids

How did you come to the conclusion that the bitcoin was purchased as a collectible rather than as a liquid scarce asset like gold? Also, calling this "mainstream acceptance" might be pushing it a little bit.

More free publicity nonetheless.

I would like to see many politicians do the same as this, but I doubt we will have many examples of politicians of such importance in the near future, so I welcome it. If only for the sake of publicity. He is also giving free advertising to Bitcoin.

Of course, they can used it during their campaign, specially for the young generations of voters. Maybe it can make an appeal to them that a Presidential candidate is also in BTC.

And if this true then being rich and have a lot of money, the family might think of it as a sort of investment or something. For his kids and grand kids, bitcoin could be look upon as a potential generational wealth for this wealthy individual. However, average joe like the majority of us here can also think of BTC that way.

But as what others have said, this id free publicity for RFK Jr, so still a win-win for him.

It's not free advertisement because the man is courting the people for support. As well as donations, of course. By clearly speaking out his stand in favor of Bitcoin, he's certainly hoping that the community that is also in support of Bitcoin will rally behind him. This is elections season.

Anyway, quite similar to mk4's question, why "as a collectible" when Kennedy Jr. has probably not even once called Bitcoin as a collectible? He called Bitcoin the "perfect base currency," an "exercise in democracy," and others but not as something to be merely collected.

I like this guy and I think he would be a good president however I just don’t think that he will get enough support. Most likely Trump will be on the lead unless there is some hard evidence about his crimes and he ends up stuck in court for the next decade.

Maybe he should of started campaigning earlier. Because trump started pretty much since he lost the election and hence why he has all this support. Most people never heard of RFK Jr until perhaps 2 months ago.

RF. Kenedy Jr. has spy agents in Bitcointalk and he knew such stories are interesting and attractive, then applied it on Twitter,  now X platform.

Why should he share his stories that he purchased bitcoin for himself and for his children? To get more attention from the USA. citizens and to make this promise to protect Bitcoin and cryptocurrency industry if he is elected as a President or at least elected as a preresentative of the Republic party for the President election.

2 BTC for each of his seven children and he bought 14 BTC for his children. How many BTC he has for himself, his wife ?

His story is nothing if no evidence of his purchases is shown but I know he has enough money to buy 14 BTC.

Yes, he knew it too and it forced him to build up such stories then sharing them.

How many Bitcoiners are US citizens? Several million? Not a big enough number to win the elections, if you ask me.
I remember that in the 2020 US presidential elections, another candidate from the Democratic party was pro-Bitcoin, but he got a ridiculously low amount of support. I even forgot his name. Stating that you are pro-Bitcoin doesn't mean anything. What if a republican candidate also declares, that he supports Bitcoin? I think that Ron DeSantis also made some public statements in favor of Bitcoin/crypto.
Most crypto supporters are right wing libertarians, so I doubt that they will support a left wing liberal/socialist candidate.

He's just trying to get votes from citizens who like cryptocurrency but whether that's enough to influence the acquisition of votes later is still a question, but at least what he's doing is providing an opportunity for other citizens of the United States to also want to choose Bitcoin either as an inherited asset or something else, but because the amount he bought wasn't much so it didn't really affect the market because of course the amount he bought would depend on his financial capabilities, but it was a small amount.

I wonder whether he uses a custodial service for distributing the BTC for inheritance planning or whether he is just holding all those BTC himself in separate wallets.

Because if its the latter, then he could actually take out the money slated for inheritance and spend it on himself if he wanted to. So just hearing the claims that he's bought BTC for his kids is not enough, they need to be verified via the blockchain for absolute certainty.

He does it for acquiring more votes but it's his personal propaganda. For Bitcoin communities, he actually helped Bitcoin get more attention, appeared on more news and ignoring his personal motivation, these news actually help Bitcoin adoption one way or another. More news about Bitcoin, potentially we will have more new Bitcoin users, investors.

Andrew Yang’s Vision Is Consistent with Crypto Community (https://bitcoinist.com/how-key-2020-u-s-presidential-candidates-are-showing-support-for-bitcoin/).

He tried to run in 2020 President Election, did you mean about this man, Andrew Yang?

I remember there was also the candidate for the POTUS last election that has mentioned Bitcoin. So basically it was really a free exposure for Bitcoin. IIRC, that was Yang but we knew what was the result of that last election.

Anyway, a politician will always be a politician. They'll say, they like this and bought that here and there so that they can attract and get the thoughts of those people that are in that sector like those BTC folks that are qualified to vote next year.

Undoubtedly, this is an advertising campaign by Robert Kennedy. In his favor, and not bitcoin, as @bbc.reporter suggests. Perhaps in this way to show loyalty on RFK Jr part to bitcoin and crypto currencies in general. He wants the votes of the voters and this is a way to get some of them by promoting this event.

There is not a drop of mass BTC-acceptance here, and even more so, as a mass collector's item.

This event is presented under the guise of something mega-grand, but in fact, it is completely insignificant.

He buys bitcoins for his kids but he discloses having no investment in crypto in the cointelegraph article listed.
He bought bitcoin for his son with the assumption that bitcoin is an investment for the future. That's good because he is aware of the advantages of bitcoin as an investment asset.

In one of my responses regarding the topic of a neighbor asking why Robert Kennedy Jr. bought 2 bitcoins for each of his seven children, because he probably likes even numbers. On the other hand, I don't really like the words of politicians. But, despite his status as a presidential candidate and political symbol, I am personally happy that he continues to campaign for bitcoin.

It's okay for Robert Kennedy to buy 2 Bitcoins for his kids and I guess it's normal for a father to want to give something to his kids. And this is good luck for the kids because they don't have to buy Bitcoin. After all, they already have it and can buy more Bitcoin if they want.

We won't know his motives other than buying Bitcoin for his children, especially in these times. But it does support Bitcoin that politicians have also started buying even though some have been buying it long ago.

And by saying that he buys Bitcoin for his kids, it does free promotion for Bitcoin and shows that Bitcoin is not a tool for illegal transactions. And hopefully, more politicians do the same and say it publicly so it gives people confidence that Bitcoin is not for anything to do with crime.

I'm with you here on being skeptic but if there's an image for proof, I think we can give RFK Jr. some slack, but that doesn't mean he is a different kind of politician even if proven. And if I'm being honest, I am tired that we're okay as a community to just have the paltry exposure from second-rate candidates promoting bitcoin, I want the winning ones or even the one nominated by their party to talk about bitcoin, that's more exposure than this I am pretty sure.

I love RFK Jr, man! Knowing the way he is and talks about freedom, it’s safe to assume this was on his mind for a long time.

But OP, I think we’re already in the early to mid stages of mainstream acceptance. It’s not an if question anymore but rather a when. Bitcoin’s got even a regulatory framework now in many countries around the world. This is a sign of mainstream adoption, we’re already doing it.

I think he's being wise enough not to miss two major opportunities of life that if his ambition as a presidential candidate have no chances of becoming a reality, he can take advantage of being a bitcoin pro to left an inheritance for his children and also see that his financial career is well secured, maybe in doing so, this might bring more recognition on his over future attempts on career ambition in politics, but for now, he's giving more attention on bitcoin and helps the public see the need for a decentralized network with bitcoin.

It is a very small scale free advertisement for bitcoin although I don't know why you think it is as "collectible" since this is just getting the name Bitcoin heard by a small number of people who may later decide to search a little about Bitcoin and find some articles and maybe this forum to learn more about this currency.
It is also definitely not big enough to be considered "mainstream" adoption, mainly because he is a candidate wannabe...

Considering the amount of money this guy has, 14 BTC for his children is truly nothing, and an explanation about children is good to avoid accusations of lying to others. I think it doesn't have much to do with Bitcoin and is just politics: the Republican contestant DeSantis is a vocal supporter of Bitcoin, so it makes sense for a Democrat to try to get support of some of the same audience, showing some engagement with Bitcoin. So if you're an American citizen, it's important to consider that it might be simply an attempt to win some votes, and that's relevant both for DeSantis and for RFK.
But I do agree that a Democrat and a Republican trying to be pro-Bitcoin is advertising Bitcoin, as well as showing that it's truly becoming one of the major societal matters, the kind of stuff that major politicians can build their election campaigns around or at least feel important to voice their opinion on.

I think his kids won't have any problems with money, it looks more like a political move. If he just wanted to buy it for his kids he could remain silent.

Am I bad if I hope he bought "Bitcoin" at some broker who doesn't actually give him any coin or wallet? Even better, one of those new Bitmap collectibles (OP did say collectible). And then when it folds, his kids would have learnt an even more valuable lesson about Bitcoin ownership.

I take that back. It is bad...

I don't know how many Bitcoin supporters in the US. But does it have to be several million for candidates to try to win their votes? Does Kennedy Jr. court the support of the Bitcoin community because it will make him win?

Anyway, accordingly, "about 46 million Americans (roughly 22% of the adult population) own a share of Bitcoin."^[1] I don't know whether this is true or not but my point is, in an election season, all communities, big and small, suddenly matter. Candidates utter sweet words in front of everybody: Asian Americans, Hispanics, black Americans, senior citizens, LGBT, gun owners, farmers, American Indians, Catholics, war veterans, baseball fans, Bitcoin supporters, and so on.

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[1] https://explodingtopics.com/blog/blockchain-stats

Mmm I wouldn't be so sure about that. I don't think this guy will be the main candidate for the democratic party but, besides that, in the last election we saw many states with a minimum votes difference so having, let's say, 200k people in a state voting for you because of bitcoin could actually play a big difference. There are better candidates than him in my opinion but anyway is nice to see a politician supporting bitcoin.

I admit, I might be wrong in assuming that it was purchased as a collectible, however, it makes it appear this way from my eyes when he said he bought those bitcoins for his kids. I was not implying bitcoin is a collectible but it can be if you only want to hold it like a stamp collection without the intention of spending it or selling it.

But for his kids, if one of them is a good friend of Hunter Biden, the coins given to him would certainly be a medium of exchange that he can use to purchase drugs from the darknet hehehe.

RFK Jr. is a divisive figure due to his controversial opinions on vaccines and his staunch support of Israel and Zionism, which many consider a racist ideology. It might be free publicity for Bitcoin, but it might not necessarily be good publicity. Having a president that is pro-Bitcoin could potentially have massive ramifications but I don't think the establishment is ready for the US dollar to lose it's financial hegemony and will try to impede the ascension of anybody that upsets the status quo.

You forgot the first rule, you shouldn't believe what politicians say. They say all kinds of lies. For all we know he may not even know how to spell Bitcoin let alone having bought anything. After all he is a multi millionaire who doesn't really care about "profit" to buy bitcoin, such people also are already living "above the system" so they don't need the privacy and sovereignty that decentralized money gives them. In other words bitcoin doesn't have any benefit for them which means there is a good chance that he is simply lying to try and get some votes.

You might be wrong in assuming bitcoin was purchased at all either for him or his kids. Politicians irrespective of party affiliation have been proven to and would lie through the teeth all in order to pander to voters. In this case, he may be trying to reach the younger voters by claiming to have bought bitcoins for his kids.

I guess we’ll be seeing a lot of Hunter drugs jokes as long as Biden is in the White House. Besides, why use bitcoin to purchase drugs when you can always use cash?

He is just riding the hype of cryptocurrency, that's all... and maybe some free advertisement as well. :D
Overall, I don't think that the voters will vote him just because of the fact that he's a cryptocurrency supporter. Always take note that everything can change once he wins (if he wins). One day we might see him supporting cryptocurrency, the next day we might see him against it.

Some might say it already, but my first rule when it comes to these politicians is "Don't trust them." Whatever they will say to attract voters, don't listen to them. TBH, I might come to a point where I will not vote in the next elections because of this principle of mine. I'm not a US voter, but if I am, I will still not vote this one just because of the fact that he's a cryptocurrency "SUPPORTER".

One thing more is that, does he really bought Bitcoin for his kids? :D

I am not going to look for any proof that he really does. If he values his candidacy then he's on it and really did it. But it doesn't matter to me, just like what I have said, at the end of the day he's still a politician.

These politicians have got a lot to discuss and it's not just all about Bitcoin. There are too many issues that they need to address and I am okay with that. Anyway, I am not a voter but anyone is welcome on this community whether he's a politician with good intention or just for the sake of votes.

I mean not that this is news worthy, but sure ok. This dude having 7 children is a bigger news if you ask me, who has 7 children? I mean not a lot of Americans do, that part is known and he has 7 children? Wow. That makes it 14 bitcoins, at around 30k each that makes it 420k, not a ton of money if you ask me, I know people who have more bitcoin than that right now, and if I know them as a normal human who is not rich and do not have rich people network, then I am sure that there are a lot of people who are much richer.

Billions go into this, so having less than half a million dollars invested makes no sense at all. Not that this dude would become the president neither, nobody would vote for him, so it makes no sense at all.

Politicians promise a lot and they sell a lot of hopes. At the end, they break lot of their promises and fail to complete their plans. Hope rarely becomes true from pololician promises.

They only need votes and love to gain attention from others. They want to have feeling to be important people and they know that no one will be able to send them into prisons because they don't complete promises in their propaganda.

Laws support politicians and they exploit it to trap their supporters for personal pride, votes ... Bitcoin need more friendly regulations to have better adoption but one politican can not do anything big to change a game. Especially RF Kenedy Jr. is not a competitive candidate.

It's a nice move to think good of BTC and even participate in owning some as a part of future investment for his children. More than just announcing to the public, do the kids even know what BTC mean? How crypto can be used and the opportunity it holds for future investors?

I know his reason for this revelation is because he is vying for a political position and with the more acceptance of the coin and usage by the masses, it is a criteria among which voters would acknowledge before voting anyone into power.

UK regulators has done well to bring cryptocurrencies acceptance and usage into limelight, although the essence of crypto is for anonymity on its decentralized network, the move to accept it will make more countries wake up to review their stand and also include in their campaigns, BTC and crypto agendas. A time where it would be fully accepted is around the corner.

I do not exaggerate when I say politicians are amongst three to five things or people I dislike.
I completely agree with you, it's a political move and also anyone out there headed for the seat can also say this. What they say and how they say don't matter, all that matters is how they make plans to make all of these happening.
All of these are strategies and plainly self centered comments to get support from the Crypto Community. His comment also ain't relevant, it jas not positive impact on the price of Bitcoin.

Sure, they do have a lot to discuss and that bitcoin legitimacy is just a small portion of what they need to address but the point of this thread is to talk about his support in bitcoin and I think it's a valid thing that it's the only thing that we discuss here.

He shouldn't lie with such information because there is no need to do that just for cheap publicity after he denied owning any. But a document shown by CNBC proves that the presidential hopeful's family owns about $100k to $250k worth of Bitcoin. How the coin is held is unclear but I think his children should demand to take custody of the wallet if he still controls them. They should be old enough to handle their Bitcoin inheritance. But if it is untrue, let his conscience judge him.


Politicians can't be trusted but I am happy he is promoting something I like. Some politicians promote gun ownership, immigration control, and racial discrimination to gain some support from the electorate. So I am glad Kennedy is promoting Bitcoin to gain the support of the community. He has also been attacking conventional banks and speaking against centralization through CBDCs. He even criticized UK banks for trying to silence some customers due to their political ideology. Although his chances to win are slim, if he finally does, Bitcoin will receive better treatment. But for now, let's enjoy the publicity.

Not only you, who want this to always happen. But I also have the same opinion as you.

Because with a politician who openly says he supports and invests in bitcoin. Indeed it would be great to help bitcoin grow in terms of popularity. Moreover, politicians who say this are prominent politicians who are highlighted by the whole world, such as Robert Kennedy Jr, of course, the popularity of bitcoin will be increasingly recognized by many people in the world.

But apart from the support of politicians like the RKJ for this bitcoin asset, no one knows, whether the support is really sincere from the bottom of his heart or this support is just a technique used to win the hearts of bitcoin supporters for his personal goals. But I don't think this is a big problem, because the important point in this case is, about the impact that it will have on the progress of bitcoin.

Correct and thank you for reminding me hehehe. It might be why my first impression of uncle Robert's bitcoin purchase was he did it just as a collectible. I wish he is sincere in his support, however like you, the skeptical me is also asking why would he tell everyone that he supports bitcoin if it is not only for his self interest.

He may never be president, but he sure knows how to create waves. I notice that RFK is attempting to diversify his political career by purchasing bitcoin. We are all familiar with politicians and their empty promises. But his foray into Bitcoin certainly bolsters confidence in the cryptocurrency market.

But we cant discount the fact that he's trying to gain attention with this. When you can buy Bitcoin and have the internet do your campaigning for you, why bother giving money to a candidate? Those youngsters have it made, though; 2 Bitcoin each? Hot dang. Not gonna lie, I wish my parents were that forward-thinking...

It's election season and it's a time to sell all kinds of lies to electorates and politician would say all sorts of things when they are canvassing for votes. I have never believed Robert F. Kennedy promises that his administration would promote the acceptance of Bitcoin in America if he becomes president. I do not believe that he's holding a sizable amount of Bitcoin, I do not believe that he bought 2 BTC for each of his children. I think RFK is only saying all these to rally support from crypto enthusiasts in America.

Well, that's on point.

He's got a story to tell that he has bought it for his kids for their inheritance and that's a boss move. Now for those that did liked what he has told and are eligible to vote next year.

They gotta decide if he's the candidate that they'll support but it's too early to tell that. I've seen candidates like Yang before that has expressed his support to Bitcoin but with lack of support from the people, he had to surrender.

RFK has been on the news lately and he has been so vocal about Bitcoin. It is not unconnected to his presidential ambition and the dire need to have the Bitcoin community vote him as he would have noticed that we are growing rapidly. Whether the Bitcoin community in eventually decides to vote him in as a result of his being so vocal about his support for Bitcoinor not, what I can deduce from the news  is that it is going mutually beneficial outcome. Both sides win. He has give Bitcoin more publicity. If he doesn't win at least he would still have the bitcoins he bought which would increase in value.

It's all about making it public or keeping it a secret, I'm pretty sure that a lot of famous people from all around the world and secretly stacking up Bitcoins and cryptocurrencies but they just don't make it public, even those who are fighting against it, like people in SEC or other organizations, even they might be buying and storing Bitcoins and cryptocurrencies because they all know that the time is right and it will surely go significantly up in the future.

Whatever they say or believe or show to the public, all we want is for Bitcoin and cryptocurrencies to prosper, and if they are slowly starting to adopt it, that is definitely going to help the cause, and that's what we want as Bitcoiners, as the time goes by, more and more people will come in front with their Bitcoin investments.

Yeah, why not, its the same thing, as long it is securely keep, i mean the safely backup its all good. Then redeem it later on after 5-10 years, just like any other investments.

The skeptics of RFK should challenge him hehehe. It might be good for some people from the bitcoin community to ask Robert Kennedy for the transaction hash of each of those 2 BTC that were sent to each of his children. He should not be lying because it can easily be proven by using a blockchain explorer. However, if he is lying, he should pray that not one person would starting demanding for the transaction hash hehehe.

I don’t know if I’d say he bought it as a collectible for his kids. I’d consider it more like starting a retirement account for your kids. While buying a collectible may be considered an investment, I think purchasing Bitcoin is more of a pure investment. I wonder if he’s holding onto them or what the custody situation is.

Doing that would make thins worse because RFK would easily deflect by saying it is a violation of privacy of his children and that is against bitcoin ethos and wouldn't provide anything. Then you wouldn't know if he is lying about this or having bought bitcoin in first place. ;D

However, doing that would also be his enemies' chance to call him a liar and the bitcoin community to call him a larper hehehehe. Also, someone should tell him that he bought the wrong cryptocoin if he wanted more anonymity and privacy. However with a warning, the Monero community is very small it will not help him collect much supporters for his campaign hehehe.

I wonder what happened next - RFK bought BTC for his dogs or a turtle or RFK ordered a pizza and paid for it with BTC? I think that too much dust is being raised about this man who has a chance to become president only if the current president does not live to see the next election or the one who attempted a coup ends up in prison.

https://www.talkimg.com/images/2023/08/02/G2h0J.jpeg

Correct. This might be why he is trying to make big promises and gather as much people to support him for his campaign because he might already know that he has no chance hehehe. Also, promises of a currency being backed by bitcoin is very stupid because it will not work in the American economy which need times of inflationary periods to grow. Maybe he forgot about the failure and abandonment of the gold standard hehehe.

The skeptical me thinks these corrupt people make some money in these campaigns that they know they will lose. However, his free press for bitcoin was good, I reckon.