Democratic presidential candidate Robert F. Kennedy Jr, confirmed that he owns a considerable amount of Bitcoin—after saying he didn’t, and after the crypto was initially atrributed to his wife. Even so, it’s not a conflict of interest, according to his campaign.

Kennedy praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, and said the network should be nurtured and protected. He also said that his campaign would accept donations in Bitcoin. But he also told conference-goers he was not an investor in Bitcoin, and that his endorsement of the asset did not amount to investment advice.

However, a financial disclosure obtained by CNBC shows Kennedy’s family holds between $100,001 and $250,000 worth of Bitcoin in a brokerage account as of June 30. The filing, which does not state when the investment took place, says Kennedy’s family’s income from the purchase is less than $201.

Kennedy’s campaign manager, Democratic Rep. Dennis Kucinich, told CNBC that a conflict of interest does not exist, and the purchase took place after Kennedy’s positive remarks regarding Bitcoin in Miami.

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Author: André Beganski

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