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Did RFK Jr. Double His Net Worth to About $30 Million by Buying Bitcoin Last Year?
Today, presidential candidate Robert F. Kennedy Jr. (RFK Jr) She said left last year’s Bitcoin Conference with “most of his wealth in Bitcoin.” Forbes last reported his net worth at 15 million dollarsConsidering that last year’s conference was held on May 18, when Bitcoin was trading at $26,400, RFK Jr. may have doubled his wealth by investing in Bitcoin.
Since last year’s event, Bitcoin is up 154%, meaning a $10 million Bitcoin purchase on the last day would now be worth about $25 million. RFK Jr. didn’t confirm exactly how much Bitcoin he purchased, but given that he said it was “most of his wealth,” we can theorize that he did very well in the trade.
At the time, he admitted to buying 14 BTC for his seven children for about $380,000. However, today’s disclosure suggests he bought much more. He now claims to be “fully committed.”
RFK Jr. Friday Keynote Address
Taking the stage at one of the most influential events in the Bitcoin calendar, Kennedy will further elaborate on his stance on digital assets, which he described as a commitment to freedom and transparency. His support for Bitcoin is evident in his policy proposals and personal investment choices.
Kennedy has proposed that the U.S. government acquire Bitcoin equivalent to the country’s gold reserves, framing the move as an on-ramp to the inflation 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 where Kennedy has been outspoken. He advocates for a regulatory framework that protects consumers from deceptive schemes, opposing the SEC’s ongoing “war” against cryptocurrencies. This balanced approach aims to foster innovation in the blockchain space while ensuring consumer protection.
On the tax front, Kennedy has vowed to exempt Bitcoin from taxes if elected, arguing that it should be treated as a currency rather than subject to capital gains taxes. This proposal is part of his broader economic vision, which includes backing the U.S. dollar with Bitcoin to improve the country’s financial health.
Kennedy’s push for government transparency extends to his proposal to put the federal budget on the blockchain, aiming to increase accountability and reduce corruption. He also emphasizes the importance of sovereignty over personal wallets and transactional freedom, which he believes are key components of a decentralized and innovative economy.
As an environmental lawyer, Kennedy’s support for Bitcoin is notable given the ongoing debates over its energy use. He acknowledges these concerns but appears to weigh them against the broader benefits he sees in cryptocurrency adoption.
As Kennedy takes the podium at the Bitcoin Conference, his remarks are expected to resonate deeply with supporters and skeptics alike, further cementing his role as a leading voice at the intersection of politics and digital assets. Hopefully, we’ll get more clarification on whether he’s been buying more Bitcoin, potentially doubling his net worth, or has simply misspoken in some way earlier today.