• U.S presidential candidate reveals that he holds a significant amount of Bitcoin, and has purchased more than $200,000 worth of Bitcoins for his kids. 
  • Whales remain bullish on Bitcoin, while the apex crypto fails to sustain momentum above the $30,000 price mark. 

A prominent political figure has revealed that himself and his family have a significant amount of money in Bitcoin at this time. Robert F. Kennedy Jr., a democratic Presidential candidate made the big reveal in a recently held twitter space.

Robert F. Kennedy Jr. revealed that he dipped his foot into the Bitcoin market and secured a sizeable amount of Bitcoin for himself.

In addition to his Bitcoin purchase, the Presidential candidate also purchased a significant amount of Bitcoin for his seven children. All of his children now own 2 BTCs each, which is worth an estimated $412,734 at the time of this report.

The Presidential candidate revealed that he has received a lot of criticism for making Bitcoin-friendly statements.

Right after that Bitcoin conference I got a big check and I said, okay, you know, I’m going to put my money where my mouth is and so I bought two Bitcoin for every one of my seven children.

It is also worth noting that the Pro-Bitcoin Presidential candidate is also accepting campaign donations in Bitcoin.

However, the Presidential candidate has clarified that he is not a Bitcoin investor at this time. “I am not an investor, and I am not here to give investment advice,” he remarked.

Bitcoin (BTC) drops below $30,000, whales remain committed to playing the long game

Many other key figures have also revealed that Bitcoin is a significant part of their portfolio. Very recently, the founder of Telegram revealed that he held some Bitcoin.

The Telegram boss Pavel Durov, revealed that he chose to prioritize his work, instead of purchasing houses and private jets, which many have advised him to consider owning. Instead, Durov is throwing some of his fortune into the Bitcoin market. Notably, he previously secured $1.5 million worth of Bitcoins a decade ago. If untouched, his Bitcoin purchase would’ve been valued at an estimated $60 million at press time.

Meanwhile, the leading cryptocurrency is making rounds for this alarming performance this week, as prices have once again dropped below the $30,000 price level. Bitcoin is currently in the red zone, with the majority of the other altcoins, as hourly losses pile up.

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Notably, the market turbulence over the past weeks caused digital assets to lose momentum. This has resulted in a collective weekly loss. At press time, Bitcoin is trading at a price of $29,481. Although Bitcoin is up by 0.99% over the last 24-hours, weekly and hourly gains are down 0.16 percent and 1.71 percent respectively.

Meanwhile, new reports reveal that whales are increasing their Bitcoin holdings. Between the months of June and July, whale inflows have increased by a notable margin.

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According to data from Glassnode, Whale-to-exchange net flows have recorded an elevated inflow bias between +4.0k to +6.5k BTC/day. This marks a significant milestone, as Whale-to-exchange netflows have been oscillating between ±5k BTC/day over the last five years.

As Glassnode further explains, whale netflows to exchanges can be used to detect the proxy for the cohort’s influence on the supply and demand balance of an asset.

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