Unbiased presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has acquired solely $61,000 in Bitcoin donations since 2023, in accordance with an evaluation by blockchain analytical platform Breadcrumbs.
This determine is modest in comparison with Kennedy’s total fundraising success. In line with 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 might 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 by way of 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 deal with 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 yr 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 may permit the trade to thrive underneath 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 slightly than subjecting it to capital positive aspects tax.
In line with 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.
