- Robert F. Kennedy Jr. revealed he had invested most of his personal wealth in Bitcoin, viewing it as a hedge against inflation and financial freedom.
- Kennedy proposed establishing a Bitcoin Strategic Reserve and integrating cryptocurrency into national financial policies to escape the $36 trillion debt crisis.
On November 16, 2024, Robert F. Kennedy Jr., a former presidential candidate and current nominee to the Cabinet, made a bold statement that he has “invested most of his wealth” in Bitcoin. He reaffirmed his optimism in digital currencies as a hedge against inflation and financial freedom.
“I’m a huge supporter of Bitcoin. I was here a year ago at the other Bitcoin conference. I went home and put most of my wealth into Bitcoin, so I’m fully committed,” said Kennedy.
Kennedy’s comment in a recent video resonated deeply with Bitcoin enthusiasts, highlighting his ongoing support for decentralized financial systems. He has touted Bitcoin as the “currency of freedom.” Kennedy’s view on Bitcoin goes beyond a personal investment. He has been an open proponent of cryptocurrencies roles to stabilize the economy.
In his mind, Bitcoin, as well as other hard assets like gold and silver, offset the potential devaluation of the US dollar, which is under pressure as the national debt surges above $36 trillion — a historic milestone that makes America the most indebted nation in the world.
Kennedy’s Commitment to Bitcoin and Its Potential in US Economy
In a notable declaration from July 2023, Kennedy revealed that he had bought Bitcoin for each of his seven children, demonstrating his long-term commitment to the cryptocurrency.
“Right after that Bitcoin conference, I got a big check, and I said I’m going to put my money where my mouth is, so I bought two Bitcoin for every one of my seven children,” Kennedy said in a Twitter Spaces event.
Kennedy’s support for cryptocurrency goes beyond just personal investment. He has long advocated for using Bitcoin in national financial policies. In April 2024, he suggested moving the entire US budget onto a blockchain. His goal was to improve transparency and hold the government accountable.
Kennedy said, during the Bitcoin 2024 event held in Nashville, Tennessee, that as president, he would establish a Bitcoin Strategic Reserve and sign an executive order that would make the supply of the cryptocurrency held by the US government available to the Federal Reserve to nail down Bitcoin’s role in the financial system and entrench its use as a global reserve currency.
Kennedy’s Vision or Global Trend?
Kennedy believes Bitcoin can drive economic change and sees it as essential for the future of the US dollar as the world’s main currency. In April 2024, he called Bitcoin “inevitable” and stressed that the US must act quickly to bring Bitcoin under control as part of a reserve system. He pointed out that the country needs to manage Bitcoin in a way that strengthens the global financial system.
His support for Bitcoin is shared by political figures internationally, such as Poland’s presidential candidate, Mentzen. Like Kennedy, Mentzen views Bitcoin as a key tool for national independence and resilience, free from the control of traditional financial systems. Both leaders advocate for building strategic Bitcoin reserves, showing a growing global trend toward using digital currencies to strengthen economies.
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