Impartial presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has acquired solely $61,000 in Bitcoin donations since 2023, in keeping with an evaluation by blockchain analytical platform Breadcrumbs.
This determine is modest in comparison with Kennedy’s general fundraising success. In response to OpenSecrets information, his 2024 marketing campaign has raised over $100 million.
Monitoring challenges
The Federal Election Fee (FEC) information present that the $61,000 in Bitcoin donations was collected between June and September 2023. Since October 1, 2023, the marketing campaign has stopped reporting Bitcoin donations, which may point out both a lower in Bitcoin contributions or a change in reporting strategies.
The Breadcrumbs evaluation defined that Kennedy’s marketing campaign makes use of OpenNode to course of Bitcoin through the Lightning Community, which operates off-chain and complicates transparency.
Moreover, the marketing campaign employs a number of stealth Bitcoin addresses, which create a brand new tackle for every donation, additional obscuring the whole quantity of donations.
The agency concluded:
“BTC donation information has been tough to seek out because it has not been transparently reported by his marketing campaign.”
In the meantime, the whole quantity of Bitcoin donations could also be larger, particularly contemplating potential contributions acquired on the current Bitcoin Convention.
Professional-Bitcoin
Regardless of the restricted Bitcoin contributions, RFK Jr. stays a staunch supporter of the flagship digital asset. He was the primary US presidential candidate to just accept Bitcoin donations final 12 months and has strongly advocated for pro-crypto insurance policies throughout his marketing campaign.
On the current Bitcoin Convention, Kennedy revealed that a lot of his wealth is invested in Bitcoin and made many guarantees that might permit the business to thrive below his administration.
One such pledge was to signal an govt order on his first day in workplace to make Bitcoin a strategic reserve asset for the US. Moreover, he proposed exempting Bitcoin from taxes and treating it as foreign money moderately than subjecting it to capital positive aspects tax.
In response to him, these plans are a part of his broader financial technique, which goals to again the US greenback with Bitcoin to strengthen the nation’s monetary stability.
Notably, these positions have garnered assist from notable crypto figures, together with Cardano founder Charles Hoskinson.
