As reported by Cointelegraph, Robert F. Kennedy Jr., the former presidential candidate and current Cabinet nominee, has once again attracted attention with his bold declaration that he has “invested most of his wealth” in Bitcoin.
In a post shared on November 16th, Kennedy, who previously ran as an independent candidate, characterized Bitcoin as the “currency of freedom,” emphasizing its potential as a safeguard against currency inflation. Notably, in a recently re-emerged video, he stated:
"I'm a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I'm fully committed."
Kennedy has consistently championed Bitcoin, describing it as a decentralized and supply-capped currency that, alongside traditional assets like gold and silver, could help stabilize the US dollar against devaluation. In July 2023, he disclosed that he purchased Bitcoin for each of his seven children. Following this significant investment, he shared with an audience during a Twitter Spaces event:
“Right after that Bitcoin conference, I got a big check, and I said I'm going to put my money where my mouth is, so I bought two Bitcoin for every one of my seven children.”
Looking ahead, Kennedy envisions a transformative role for Bitcoin in government finance. In April 2024, he proposed the bold idea of placing the entire US fiscal budget on-chain, aimed at enhancing transparency and ensuring government accountability.
During the Bitcoin 2024 event held in Nashville, Tennessee, Kennedy made a promise to create a strategic Bitcoin reserve if he were to be elected president, vowing to sign an executive order that would shift the US government’s extensive Bitcoin holdings to the Federal Reserve.
In a July 2024 interview with Cointelegraph editor Sam Bourgi, Kennedy underscored the significance of Bitcoin in maintaining the US dollar’s status as the world’s reserve currency. Calling Bitcoin “Inevitable,” he added, “We need to move as a country that’s able to get some control over Bitcoin as part of a reserve.”
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