{"id":18678,"date":"2024-11-18T14:25:44","date_gmt":"2024-11-18T12:25:44","guid":{"rendered":"https:\/\/forklog.com\/en\/former-us-presidential-candidate-invests-majority-of-wealth-in-bitcoin\/"},"modified":"2024-11-18T14:25:44","modified_gmt":"2024-11-18T12:25:44","slug":"former-us-presidential-candidate-invests-majority-of-wealth-in-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/former-us-presidential-candidate-invests-majority-of-wealth-in-bitcoin\/","title":{"rendered":"Former US Presidential Candidate Invests Majority of Wealth in Bitcoin"},"content":{"rendered":"<p>Robert Francis Kennedy Jr., nominated by Donald Trump for the position of US Secretary of Health, has announced a significant personal investment in Bitcoin, according to <a href=\"https:\/\/cointelegraph.com\/news\/i-put-most-my-wealth-bitcoin-i-am-fully-committed-rfk-jr\">Cointelegraph<\/a>.<\/p>\n<p>The former independent presidential candidate has declared himself a strong supporter of cryptocurrency. He revealed that a year ago, following his participation in a cryptocurrency conference, he invested &#8220;most of his wealth&#8221; in digital gold.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;So I am fully committed to it,&#8221; the politician emphasized.<\/p>\n<\/blockquote>\n<p>In a separate post on X, Kennedy reiterated his description of Bitcoin as the &#8220;currency of freedom.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin is the currency of freedom, a hedge against inflation for middle class Americans, a remedy against the dollar\u2019s downgrade from the world\u2019s reserve currency, and the offramp from a ruinous national debt. Bitcoin will have no stronger advocate than Howard Lutnik.<\/p>\n<p>\u2014 Robert F. Kennedy Jr (@RobertKennedyJr) <a href=\"https:\/\/twitter.com\/RobertKennedyJr\/status\/1857844634879152540?ref_src=twsrc%5Etfw\">November 16, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to him, the asset serves as:<\/p>\n<ul class=\"wp-block-list\">\n<li>a hedge against inflation for the middle class;<\/li>\n<li>a remedy against the dollar losing its status as the world\u2019s reserve currency;<\/li>\n<li>an exit from the &#8220;ruinous&#8221; national debt of the United States.<\/li>\n<\/ul>\n<p>During his campaign, Kennedy expressed plans to support Bitcoin if elected. He positioned cryptocurrency as an alternative to the traditional financial system and criticized the &#8220;war&#8221; of American regulators against the industry. <\/p>\n<p>In May 2023, he purchased 2 BTC for each of his seven children as an investment. At the time, the total amount at the average rate was approximately $420,000. By July, it was revealed that his personal investments in the leading cryptocurrency did not exceed $250,000.<\/p>\n<p>In November, the politician described Bitcoin as a response to the threat of CBDCs, calling it an &#8220;elegant solution&#8221; for transactional freedom.<\/p>\n<p>Back in April 2024, Kennedy <a href=\"https:\/\/forklog.com\/en\/news\/us-presidential-candidate-proposes-moving-federal-budget-to-blockchain\">proposed<\/a> moving the US federal budget to blockchain to enhance transparency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robert Francis Kennedy Jr., nominated by Donald Trump for the position of US Secretary of Health, has announced a significant personal investment in Bitcoin, according to Cointelegraph. The former independent presidential candidate has declared himself a strong supporter of cryptocurrency. He revealed that a year ago, following his participation in a cryptocurrency conference, he invested [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[52,842],"class_list":["post-18678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-investments","tag-politics"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=18678"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/18678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/18677"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=18678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=18678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=18678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}