RFK Jr Says He Purchased Bitcoin For His Kids

[bbc.reporter]

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.



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

[mk4]

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.

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.

[Don Pedro Dinero]

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.

[Jating]

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.

[Darker45]

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.

[adaseb]

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.

[OcTradism]

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.

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.

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.

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

[davis196]

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.

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.

[Strongkored]

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.

[NotATether]

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.

[OcTradism]

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.

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.

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.

Andrew Yang’s Vision Is Consistent with Crypto Community.

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

[sunsilk]

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.

[m2017]

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.

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.

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.

[yudi09]

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.

[michellee]

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.

[Latviand]

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.

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.

[20kevin20]

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.

[Doan9269]

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.

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.

[pooya87]

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...

[kryptqnick]

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.