US presidential candidate Robert F. Kennedy Jr. acquired 14 BTC for his children

US presidential candidate Robert F. Kennedy Jr.—the younger—acquired 14 BTC (~$420,000 at the average rate at the time) for his children as an investment.

On The Wolf Of All Streets podcast, the politician said he wanted to prove his commitment to the first cryptocurrency. Previously journalists criticised Kennedy for promoting the digital asset, since he did not himself own it.

“I bought two bitcoins for each of my seven children. Now I’m a crypto investor. I’m sure the media will find another way to attack me, but no one will be able to say that I did not put my money into what I talked about,” said the presidential candidate.

Kennedy also repeated his thesis that Bitcoin is “currency of freedom”. Previously he called digital gold as an alternative to the traditional financial system, and criticised American regulators for the “war on cryptocurrencies”, which led to a banking crisis in the country.

In case of victory in the election Kennedy pledged to make decisions that would “support Bitcoin and the freedom of transactions, allowing people to manage their wallets, nodes and passwords.”

In July he already admitted that he personally invested in the first cryptocurrency about $250,000.

As reported, the politician stated his intention to “stabilise” the US dollar with Bitcoin and exempt the income from operations with it from taxation.

One of Kennedy’s Republican rivals—the Florida governor Ron DeSantis—promised to defend the first cryptocurrency if elected as head of state.

CEO Coinbase Brian Armstrong called the upcoming US elections a pivotal moment for the regulation of digital assets.