A key White House advisor holds no less than $1 million in Bitcoin.
Tim Wu, who advises the Biden administration on know-how and competitors coverage, retains a big portion of his wealth in the world’s main cryptocurrency.
Known for being a troublesome critic of Big Tech and their centralized energy, Wu owns between $1 million and $5 million in Bitcoin, and between $100,001 and $250,000 in Filecoin, a decentralized storage community, according to a private monetary disclosure he not too long ago filed.
Although his funding in Bitcoin contains 25 to 43 % of his portfolio, the Columbia law professor additionally lists gold bars as belongings.
Wu, who coined the time period ‘web neutrality,’ has spent years advocating for a free and open web that operates seamlessly with none throttling by company or authorities suppliers.
Wu believed Bitcoin might be a possible retailer of worth in 2017, as he wrote in an opinion piece for the New York Times.
“If sufficient others worth one thing, that may be sufficient to make it function a retailer of worth. Sure, Bitcoin will crash once more, however over its lifetime, it has already withstood a number of crashes, runs and splits. It truly feels examined.”
Wu joined the Biden White House in March.
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