If You Invested $1,000 In Bitcoin When Robert F. Kennedy Jr. Said He Bought 2 BTC Each For His Kids, Here's How Much You'd Have Now

Robert F. Kennedy Jr. didn't win the 2024 presidential election, but could find his way into President Donald Trump's cabinet as the leader of the Department of Health and Human Services.

Kennedy's appointment would add to a growing list of leaders in the new administration who advocate for the cryptocurrency sector, particularly Bitcoin BTC/USD.

What Happened: Kennedy has spoken at multiple Bitcoin conferences and embraced cryptocurrency donations during his election campaign, advocating for U.S. Bitcoin purchases and capital gains tax exemptions for cryptocurrency.

Kennedy has spoken at multiple Bitcoin conferences and embraced cryptocurrency donations during his election campaign, advocating for U.S. Bitcoin purchases and capital gains tax exemptions for cryptocurrency.

One of the most pro-Bitcoin candidates to ever run for president, Kennedy eventually dropped out of the race as the third-party candidate and endorsed Trump.

Kennedy is worth an estimated $15 million according to Forbes and based on financial filings that show earnings from his law firm, speaking engagements and owning Bitcoin.

While he was known for being pro-Bitcoin, Kennedy likely surprised some by showing just how committed he was to the future of Bitcoin.

"Right after the Bitcoin Conference, I decided to put my money where my mouth is and bought two bitcoin for each of my seven children," Kennedy said during a Twitter Spaces conversation with Scott Melker in July 2023.

The Bitcoin Conference was held between May 18 and May 20, 2023.

While investors couldn't buy into Bitcoin at the price that Kennedy paid back in May, they could have bought when Kennedy unveiled this purchase for his kids in July.

Did You Know?

• Congress Is Making Huge Investments. Get Tips On What They Bought And Sold With Our Easy-to-Use Tool

Investing $1,000 in BTC: Bitcoin traded between $29,113.91 and $29,675.55 on July 26, when Kennedy's revelation was made.

An investor could have purchased 0.03370 BTC at the time based on the highest price of the day.

Today, that $1,000 investment would be worth $3,351.49, up 235.1% in less than one year and seven months.

For comparison, the same $1,000 invested in the SPDR S&P 500 ETF Trust, which tracks the S&P 500 stock market index, could have bought 2.19 SPY shares at the highest price on July 26, 2023.

Today, that $1,000 investment would be worth $1,316.12, up 31.6%.

With Trump as president and several pro-Bitcoin leaders making up a portion of the president’s cabinet, cryptocurrency could experience years of gains and increased attention.

Read Next:

• RFK Jr. Wants Donald Trump To Cut Out McDonald’s: ‘The Stuff That He Eats Is Really, Like, Bad’

Photo: Shutterstock