Taking the debate around having freedom to hold Bitcoin forward, US presidential candidate Robert F Kennedy Jr has ramped up his support for the cryptocurrency, asserting its value as an instrument of civil liberties. This comes at a crucial time when the mainstream industrial players like Blackrock are forcing US regulators to provide further regulatory clarity in the crypto market.
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A Proponent of Civil Liberty and Bitcoin
Kennedy’s support for Bitcoin is rooted in his longstanding advocacy for civil liberties. The presidential candidate firmly believes that Bitcoin can serve as a guarantee of such freedoms. RFK said;
“I am a long life defender of civil liberty; Bitcoin is both an exercise and a guarantee of those freedoms.”
Further cementing his pro-crypto stance, Kennedy had previously promised to exempt the cryptocurrency from capital gains taxes should he be elected. During the Miami-based Bitcoin Conference held from May 18 to 20 this year, the Democratic candidate spoke favorably about Bitcoin and its potential. After the conference, he further demonstrated his commitment to cryptocurrency by purchasing two bitcoins for his seven children.
Contradictions Surrounding Kennedy’s BTC Holdings
However, Kennedy’s claims about his Bitcoin investments have been a subject of contradiction. He had previously said he was not an investor in the cryptocurrency. This statement contradicted a financial disclosure form dated June 30, which revealed that Kennedy owned between $100,001 and $250,000 of the cryptocurrency. The campaign initially explained the discrepancy by attributing the holdings to RFK’s wife but later clarified that the assets belonged to the candidate.
The presidential candidate’s support for the cryptocurrency has drawn attention in the context of the coin’s current market performance. Bitcoin price is $25,905.19, with a 24-hour trading volume of $10,657,011,127. Despite a minor dip of 0.23% in the last 24 hours, BTC maintains its top ranking with a market cap of $504,241,296,738.
The impact of political figures like Kennedy on the future of Bitcoin remains to be seen, but the cryptocurrency’s presence in mainstream political discourse is undeniable.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
