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Bitcoin News

Robert F. Kennedy Jr. Buys 14 Bitcoins For His 7 Children

“I bought two Bitcoins for each of my seven children,” said Kennedy, who bought 14 bitcoins in May.

Written By:
Dhara Chavda

Last updated: July 27, 2023 11:18 AM
Published 2023-07-27
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Robert F. Kennedy Jr. Buys 14 Bitcoins For His 7 Children

The 2024 Democratic candidate for U.S. presidency, Robert Kennedy Jr., stated that he purchased 14 bitcoins since May for his seven children.

Live now discussing #Bitcoin with ⁦@RobertKennedyJr⁩ ⁦@Breedlove22⁩ ⁦@1MarkMoss⁩ ⁦@natbrunell⁩ and ⁦@MartyBent⁩ https://t.co/gx5a63SDOj

— The Wolf Of All Streets (@scottmelker) July 26, 2023

Early this year, Kennedy attended the Bitcoin Conference in Miami and stated that “I am not an investor, and I am not here to give investment advice.“ 

It was during this conference that he announced that he’ll accept campaign donations in Bitcoin for his 2024 Presidential candidacy.

Kennedy was previously not a holder of any cryptocurrency, due to which the crypto community showered criticism on his claims.

After being criticized at the Miami conference, Kennedy Jr. invested in Bitcoin. This was the first time he became a player in the crypto world. 

On 26th July in Twitter Space Interview he quoted;

“Right after that Bitcoin conference I got a big check and I said, okay, you know, I’m going to put my money where my mouth is and so I bought two Bitcoin for every one of my seven children.”

Kennedy has six biological children from previous marriages and one stepdaughter from his recent marriage with actress Cheryl Hines. 

As per previous reports, Kennedy Jr. made investments in bitcoin worth $100,001- $250,000, the actual investment is unknown as only the range was disclosed. 

The 14 Bitcoins that Kenndey Purchased for his children are currently worth $413,000 when the price of 1 BTC is accounted at $29,500. Each of his kids received 2 BTC, which amounts $59,000 per child.

Also, in the interview he gave big thanks to all the crypto fans who supported him. “I’m very happy for the support I’ve gotten from the Bitcoin community,” Kennedy said.

Also Read: Presidential Candidate Kennedy Jr. Vows Bitcoin Support for US Dollar

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
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Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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