Unbiased presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has solely obtained $61,000 in bitcoin donations since 2023, based on evaluation by blockchain analytics platform Breadcrumbs.
This quantity is modest in comparison with Kennedy's general fundraising success. In keeping with OpenSecrets, his 2024 marketing campaign raised over $100 million.
Problem monitoring
Federal Election Fee (FEC) information present that $61,000 in bitcoin donations had been collected between June and September 2023. As of October 1, 2023, the marketing campaign stopped reporting bitcoin donations, which may point out both a decline in bitcoin contributions or a change in reporting strategies.
Breadcrumbs' evaluation defined that the Kennedy marketing campaign is utilizing OpenNode to course of bitcoins via the Lightning Community, which operates off-chain and complicates transparency.
As well as, the marketing campaign makes use of a number of hidden Bitcoin addresses that create a brand new handle for every donation, additional obscuring the full quantity of donations.
The corporate concluded:
“BTC donation information was tough to seek out as a result of it was not transparently reported by his marketing campaign.”
In the meantime, the full quantity of bitcoin donations could also be greater, particularly contemplating the potential contributions obtained on the current bitcoin convention.
Professional-Bitcoin
Regardless of Restricted Bitcoin Contributions, RFK Jr. Stays a staunch supporter of the flagship digital asset. He was the primary US presidential candidate to simply accept bitcoin donations final yr and strongly advocated pro-crypto insurance policies throughout his marketing campaign.
At a current Bitcoin convention, Kennedy revealed that a lot of his wealth is invested in Bitcoin and made many guarantees to permit the business to thrive underneath his stewardship.
One such dedication was to signal an govt order on his first day in workplace to make bitcoin a strategic reserve asset for the US. As well as, he proposed exempting bitcoin from taxation and treating it as a forex slightly than topic to capital positive aspects tax.
In keeping with him, these plans are a part of his broader financial technique to help the US greenback with bitcoins with the intention to strengthen the monetary stability of the nation.
Notably, these positions have obtained help from distinguished crypto figures, together with Cardano founder Charles Hoskinson.
