Some American politicians invest in bitcoin, shares of the first public crypto exchange Coinbase and investment funds Grayscale Investments
Four congressmen and one senator in the United States have invested in the digital asset market by buying bitcoin or stocks of companies associated with the cryptocurrency sector, writes Business Insider. The publication analyzed data on the personal finances of American lawmakers for 2020.
The largest amount was invested in the crypto market by a member of the House of Representatives Jeff Van Drew, who indicated that he invested $ 250 thousand in one of the investment funds managed by Grayscale Investments. The company currently manages 16 cryptocurrency funds.
Wyoming Republican Senator Cynthia Lummis in August this year reported on the purchase of bitcoin in the amount of $ 50 thousand to $ 100 thousand.
In June, Lummis announced the purchase of bitcoin “at the bottom” when its price dropped to $ 28 thousand for the first time since January. She added that she will continue to invest in the cryptocurrency as its price declines.
The senator also called the advantages of bitcoin. The digital coin could contain the devaluation of the US dollar and other fiat currencies, she said.
From the reports of the member of the United States Congress Mary Newman, it follows that her husband made at least 16 transactions with shares of the first public crypto exchange Coinbase.
The last time Newman’s husband sold securities of a trading platform in the amount of $ 50,000 to $ 100,000. Jim Newman also invested no more than $ 50,000 in the Grayscale Bitcoin Trust in November.
Congressman Jake Ockinkloss announced that he owns a $ 15,000 stake in Flipside Crypto Investor Holdings.
Republican Barry Moore invested the same amount in a brokerage company in Alabama. Moore indicated in the description of the organization “cryptocurrency“. According to reports, its dividends for 2020 ranged from $ 2.5 thousand to $ 5 thousand.
In early December, it became known that 26% of American investors already own bitcoin. These results were presented by Grayscale Investments based on their own survey.
