RFK Jr Says He Purchased Bitcoin For His Kids - page 2.

sunsilk

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Quote from: Latviand on July 27, 2023, 06:46:54 AM

Quote from: sunsilk on July 27, 2023, 04:23:55 AM

I remember there was also the candidate for the POTUS last election that has mentioned Bitcoin. So basically it was really a free exposure for Bitcoin. IIRC, that was Yang but we knew what was the result of that last election.

Anyway, a politician will always be a politician. They'll say, they like this and bought that here and there so that they can attract and get the thoughts of those people that are in that sector like those BTC folks that are qualified to vote next year.

I'm with you here on being skeptic but if there's an image for proof, I think we can give RFK Jr. some slack, but that doesn't mean he is a different kind of politician even if proven. And if I'm being honest, I am tired that we're okay as a community to just have the paltry exposure from second-rate candidates promoting bitcoin, I want the winning ones or even the one nominated by their party to talk about bitcoin, that's more exposure than this I am pretty sure.

I am not going to look for any proof that he really does. If he values his candidacy then he's on it and really did it. But it doesn't matter to me, just like what I have said, at the end of the day he's still a politician.

These politicians have got a lot to discuss and it's not just all about Bitcoin. There are too many issues that they need to address and I am okay with that. Anyway, I am not a voter but anyone is welcome on this community whether he's a politician with good intention or just for the sake of votes.

LogitechMouse

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He is just riding the hype of cryptocurrency, that's all... and maybe some free advertisement as well. Cheesy

Overall, I don't think that the voters will vote him just because of the fact that he's a cryptocurrency supporter. Always take note that everything can change once he wins (if he wins). One day we might see him supporting cryptocurrency, the next day we might see him against it.

Some might say it already, but my first rule when it comes to these politicians is "Don't trust them." Whatever they will say to attract voters, don't listen to them. TBH, I might come to a point where I will not vote in the next elections because of this principle of mine. I'm not a US voter, but if I am, I will still not vote this one just because of the fact that he's a cryptocurrency "SUPPORTER".

One thing more is that, does he really bought Bitcoin for his kids? Cheesy

Iroh

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Quote from: bbc.reporter on July 27, 2023, 09:09:43 PM

I admit, I might be wrong in assuming that it was purchased as a collectible, however, it makes it appear this way from my eyes when he said he bought those bitcoins for his kids. I was not implying bitcoin is a collectible but it can be if you only want to hold it like a stamp collection without the intention of spending it or selling it.

But for his kids, if one of them is a good friend of Hunter Biden, the coins given to him would certainly be a medium of exchange that he can use to purchase drugs from the darknet hehehe.

You might be wrong in assuming bitcoin was purchased at all either for him or his kids. Politicians irrespective of party affiliation have been proven to and would lie through the teeth all in order to pander to voters. In this case, he may be trying to reach the younger voters by claiming to have bought bitcoins for his kids.

I guess we’ll be seeing a lot of Hunter drugs jokes as long as Biden is in the White House. Besides, why use bitcoin to purchase drugs when you can always use cash?

pooya87

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Quote from: bbc.reporter on July 27, 2023, 09:09:43 PM

I admit, I might be wrong in assuming that it was purchased as a collectible, however, it makes it appear this way from my eyes when he said he bought those bitcoins for his kids. I was not implying bitcoin is a collectible but it can be if you only want to hold it like a stamp collection without the intention of spending it or selling it.

But for his kids, if one of them is a good friend of Hunter Biden, the coins given to him would certainly be a medium of exchange that he can use to purchase drugs from the darknet hehehe.

You forgot the first rule, you shouldn't believe what politicians say. They say all kinds of lies. For all we know he may not even know how to spell Bitcoin let alone having bought anything. After all he is a multi millionaire who doesn't really care about "profit" to buy bitcoin, such people also are already living "above the system" so they don't need the privacy and sovereignty that decentralized money gives them. In other words bitcoin doesn't have any benefit for them which means there is a good chance that he is simply lying to try and get some votes.

FinneysTrueVision

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RFK Jr. is a divisive figure due to his controversial opinions on vaccines and his staunch support of Israel and Zionism, which many consider a racist ideology. It might be free publicity for Bitcoin, but it might not necessarily be good publicity. Having a president that is pro-Bitcoin could potentially have massive ramifications but I don't think the establishment is ready for the US dollar to lose it's financial hegemony and will try to impede the ascension of anybody that upsets the status quo.

bbc.reporter

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Quote from: mk4 on July 26, 2023, 10:07:58 PM

Quote from: bbc.reporter on July 26, 2023, 09:58:37 PM

Also, assuming that Robert Kennedy, a politician, really purchased bitcoins for his kids as part of their inheritance, I reckon that we might be witnessing bitcoin's mainstream acceptance as a collectible.

How did you come to the conclusion that the bitcoin was purchased as a collectible rather than as a liquid scarce asset like gold? Also, calling this "mainstream acceptance" might be pushing it a little bit.

More free publicity nonetheless.

I admit, I might be wrong in assuming that it was purchased as a collectible, however, it makes it appear this way from my eyes when he said he bought those bitcoins for his kids. I was not implying bitcoin is a collectible but it can be if you only want to hold it like a stamp collection without the intention of spending it or selling it.

But for his kids, if one of them is a good friend of Hunter Biden, the coins given to him would certainly be a medium of exchange that he can use to purchase drugs from the darknet hehehe.

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Quote from: davis196 on July 27, 2023, 01:18:24 AM

How many Bitcoiners are US citizens? Several million? Not a big enough number to win the elections, if you ask me.

Mmm I wouldn't be so sure about that. I don't think this guy will be the main candidate for the democratic party but, besides that, in the last election we saw many states with a minimum votes difference so having, let's say, 200k people in a state voting for you because of bitcoin could actually play a big difference. There are better candidates than him in my opinion but anyway is nice to see a politician supporting bitcoin.

Darker45

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Quote from: davis196 on July 27, 2023, 01:18:24 AM

Quote from: Darker45 on July 26, 2023, 11:05:46 PM

It's not free advertisement because the man is courting the people for support. As well as donations, of course. By clearly speaking out his stand in favor of Bitcoin, he's certainly hoping that the community that is also in support of Bitcoin will rally behind him. This is elections season.

Anyway, quite similar to mk4's question, why "as a collectible" when Kennedy Jr. has probably not even once called Bitcoin as a collectible? He called Bitcoin the "perfect base currency," an "exercise in democracy," and others but not as something to be merely collected.

How many Bitcoiners are US citizens? Several million? Not a big enough number to win the elections, if you ask me.
I remember that in the 2020 US presidential elections, another candidate from the Democratic party was pro-Bitcoin, but he got a ridiculously low amount of support. I even forgot his name. Stating that you are pro-Bitcoin doesn't mean anything. What if a republican candidate also declares, that he supports Bitcoin? I think that Ron DeSantis also made some public statements in favor of Bitcoin/crypto.
Most crypto supporters are right wing libertarians, so I doubt that they will support a left wing liberal/socialist candidate.

I don't know how many Bitcoin supporters in the US. But does it have to be several million for candidates to try to win their votes? Does Kennedy Jr. court the support of the Bitcoin community because it will make him win?

Anyway, accordingly, "about 46 million Americans (roughly 22% of the adult population) own a share of Bitcoin."^[1] I don't know whether this is true or not but my point is, in an election season, all communities, big and small, suddenly matter. Candidates utter sweet words in front of everybody: Asian Americans, Hispanics, black Americans, senior citizens, LGBT, gun owners, farmers, American Indians, Catholics, war veterans, baseball fans, Bitcoin supporters, and so on.

[1] https://explodingtopics.com/blog/blockchain-stats

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Am I bad if I hope he bought "Bitcoin" at some broker who doesn't actually give him any coin or wallet? Even better, one of those new Bitmap collectibles (OP did say collectible). And then when it folds, his kids would have learnt an even more valuable lesson about Bitcoin ownership.

I take that back. It is bad...

Vickysagar

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I think his kids won't have any problems with money, it looks more like a political move. If he just wanted to buy it for his kids he could remain silent.

kryptqnick

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Considering the amount of money this guy has, 14 BTC for his children is truly nothing, and an explanation about children is good to avoid accusations of lying to others. I think it doesn't have much to do with Bitcoin and is just politics: the Republican contestant DeSantis is a vocal supporter of Bitcoin, so it makes sense for a Democrat to try to get support of some of the same audience, showing some engagement with Bitcoin. So if you're an American citizen, it's important to consider that it might be simply an attempt to win some votes, and that's relevant both for DeSantis and for RFK.
But I do agree that a Democrat and a Republican trying to be pro-Bitcoin is advertising Bitcoin, as well as showing that it's truly becoming one of the major societal matters, the kind of stuff that major politicians can build their election campaigns around or at least feel important to voice their opinion on.

pooya87

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It is a very small scale free advertisement for bitcoin although I don't know why you think it is as "collectible" since this is just getting the name Bitcoin heard by a small number of people who may later decide to search a little about Bitcoin and find some articles and maybe this forum to learn more about this currency.
It is also definitely not big enough to be considered "mainstream" adoption, mainly because he is a candidate wannabe...

Doan9269

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Quote from: bbc.reporter on July 26, 2023, 09:58:37 PM

He might not get the nomination to become the Democrats' presidential candidate in their Democratic national convention, however, he is giving free advertisment for bitcoin hehehe.

I think he's being wise enough not to miss two major opportunities of life that if his ambition as a presidential candidate have no chances of becoming a reality, he can take advantage of being a bitcoin pro to left an inheritance for his children and also see that his financial career is well secured, maybe in doing so, this might bring more recognition on his over future attempts on career ambition in politics, but for now, he's giving more attention on bitcoin and helps the public see the need for a decentralized network with bitcoin.

20kevin20

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I love RFK Jr, man! Knowing the way he is and talks about freedom, it’s safe to assume this was on his mind for a long time.

But OP, I think we’re already in the early to mid stages of mainstream acceptance. It’s not an if question anymore but rather a when. Bitcoin’s got even a regulatory framework now in many countries around the world. This is a sign of mainstream adoption, we’re already doing it.

Latviand

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Quote from: sunsilk on July 27, 2023, 04:23:55 AM

I remember there was also the candidate for the POTUS last election that has mentioned Bitcoin. So basically it was really a free exposure for Bitcoin. IIRC, that was Yang but we knew what was the result of that last election.

Anyway, a politician will always be a politician. They'll say, they like this and bought that here and there so that they can attract and get the thoughts of those people that are in that sector like those BTC folks that are qualified to vote next year.

I'm with you here on being skeptic but if there's an image for proof, I think we can give RFK Jr. some slack, but that doesn't mean he is a different kind of politician even if proven. And if I'm being honest, I am tired that we're okay as a community to just have the paltry exposure from second-rate candidates promoting bitcoin, I want the winning ones or even the one nominated by their party to talk about bitcoin, that's more exposure than this I am pretty sure.

michellee

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It's okay for Robert Kennedy to buy 2 Bitcoins for his kids and I guess it's normal for a father to want to give something to his kids. And this is good luck for the kids because they don't have to buy Bitcoin. After all, they already have it and can buy more Bitcoin if they want.

We won't know his motives other than buying Bitcoin for his children, especially in these times. But it does support Bitcoin that politicians have also started buying even though some have been buying it long ago.

And by saying that he buys Bitcoin for his kids, it does free promotion for Bitcoin and shows that Bitcoin is not a tool for illegal transactions. And hopefully, more politicians do the same and say it publicly so it gives people confidence that Bitcoin is not for anything to do with crime.

yudi09

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He buys bitcoins for his kids but he discloses having no investment in crypto in the cointelegraph article listed.
He bought bitcoin for his son with the assumption that bitcoin is an investment for the future. That's good because he is aware of the advantages of bitcoin as an investment asset.

In one of my responses regarding the topic of a neighbor asking why Robert Kennedy Jr. bought 2 bitcoins for each of his seven children, because he probably likes even numbers. On the other hand, I don't really like the words of politicians. But, despite his status as a presidential candidate and political symbol, I am personally happy that he continues to campaign for bitcoin.

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Quote from: mk4 on July 26, 2023, 10:07:58 PM

Quote from: bbc.reporter on July 26, 2023, 09:58:37 PM

Also, assuming that Robert Kennedy, a politician, really purchased bitcoins for his kids as part of their inheritance, I reckon that we might be witnessing bitcoin's mainstream acceptance as a collectible.

How did you come to the conclusion that the bitcoin was purchased as a collectible rather than as a liquid scarce asset like gold? Also, calling this "mainstream acceptance" might be pushing it a little bit.

More free publicity nonetheless.

Undoubtedly, this is an advertising campaign by Robert Kennedy. In his favor, and not bitcoin, as @bbc.reporter suggests. Perhaps in this way to show loyalty on RFK Jr part to bitcoin and crypto currencies in general. He wants the votes of the voters and this is a way to get some of them by promoting this event.

There is not a drop of mass BTC-acceptance here, and even more so, as a mass collector's item.

This event is presented under the guise of something mega-grand, but in fact, it is completely insignificant.

sunsilk

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I remember there was also the candidate for the POTUS last election that has mentioned Bitcoin. So basically it was really a free exposure for Bitcoin. IIRC, that was Yang but we knew what was the result of that last election.

Anyway, a politician will always be a politician. They'll say, they like this and bought that here and there so that they can attract and get the thoughts of those people that are in that sector like those BTC folks that are qualified to vote next year.

OcTradism

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Quote from: Strongkored on July 27, 2023, 02:45:16 AM

He's just trying to get votes from citizens who like cryptocurrency but whether that's enough to influence the acquisition of votes later is still a question, but at least what he's doing is providing an opportunity for other citizens of the United States to also want to choose Bitcoin either as an inherited asset or something else, but because the amount he bought wasn't much so it didn't really affect the market because of course the amount he bought would depend on his financial capabilities, but it was a small amount.

He does it for acquiring more votes but it's his personal propaganda. For Bitcoin communities, he actually helped Bitcoin get more attention, appeared on more news and ignoring his personal motivation, these news actually help Bitcoin adoption one way or another. More news about Bitcoin, potentially we will have more new Bitcoin users, investors.

Quote from: davis196 on July 27, 2023, 01:18:24 AM

I remember that in the 2020 US presidential elections, another candidate from the Democratic party was pro-Bitcoin, but he got a ridiculously low amount of support. I even forgot his name.

Andrew Yang’s Vision Is Consistent with Crypto Community.

He tried to run in 2020 President Election, did you mean about this man, Andrew Yang?

Topic: RFK Jr Says He Purchased Bitcoin For His Kids - page 2. (Read 420 times)