Did RFK Jr double his net worth to around $30 million buying Bitcoin last year?
The post Did RFK Jr double his net worth to around $30 million buying Bitcoin last year? appeared on BitcoinEthereumNews.com.
Today, presidential candidate Robert F. Kennedy Jr. (RFK Jr) said he left last year’s Bitcoin Conference with “most of his wealth in Bitcoin.” Forbes last reported his net worth at $15 million. Given that last year’s conference was on May 18, when Bitcoin traded at $26,400, RFK Jr. may have doubled his wealth by investing in Bitcoin. Since last year’s event, Bitcoin has increased 154%, meaning that a $10 million purchase of Bitcoin on the last day would now be worth around $25 million. RFK Jr. did not confirm precisely the amount of Bitcoin he purchased, but given that he stated it was ‘most of his wealth,’ we can theorize that he’s done very well in the trade. At the time, he admitted buying 14 BTC for his seven children for around $380,000. However, today’s revelation suggests that he purchased considerably more. He now states he’s “fully committed.” RFK Jr’s Friday Keynote address Taking the stage at one of the most influential events in the Bitcoin calendar, Kennedy will further elaborate on his stance towards digital assets, which he has described as a commitment to freedom and transparency. His support for Bitcoin is evident in his policy proposals and personal investment choices. Kennedy proposed that the US government acquire Bitcoin equivalent to the country’s gold reserves, framing this initiative as an offramp to the inflationary highway. He suggests a radical shift in traditional economic policy, positioning Bitcoin as a hedge against inflation and a tool for financial stability. Regulation is another critical area in which Kennedy has voiced explicit opinions. He advocates for a regulatory framework that protects consumers from deceptive schemes while opposing the SEC’s current ‘war’ on crypto. This balanced approach aims to foster innovation in the blockchain space while ensuring consumer protection. On the tax front, Kennedy has…
Filed under: News - @ July 26, 2024 1:28 pm