Well now, gather ’round, folks! It seems that at least half a dozen of President Trump’s cabinet members have taken a fancy to that shiny digital gold known as Bitcoin. Their combined treasure trove is worth a sum that would make even a miserly old crow raise an eyebrow! 💸
Out of the 22 members in this illustrious cabinet, six of them have been caught with their hands in the crypto cookie jar, holding Bitcoin (BTC) assets either in their own wallets or through those fancy investment contraptions called crypto-backed exchange-traded funds. This juicy tidbit comes straight from the public disclosures dated December 2024 and January 2025, which are as public as a rooster crowing at dawn. 🐓
Take, for instance, our Health and Human Services Secretary, Robert F. Kennedy Jr. He’s got himself a Bitcoin Fidelity account that’s worth anywhere from $1 million to $5 million. That’s a pretty penny, I’d say! Meanwhile, Russell Vought, the Office of Management and Budget Director, has a Coinbase wallet that’s worth a modest $1,001 to $15,000. He’s promised to divest, but I reckon he’ll need a good reason to part with that shiny coin! 😏
Then there’s Treasury Secretary Scott Bessent, who’s got a stake in the iShares Bitcoin Trust ETF worth between $250,001 and $500,000. He’s pledged to divest within 90 days of his confirmation, which sounds like a fancy way of saying he’s got a hot potato on his hands! 🔥
Now, let’s not forget that our dear President Trump has claimed that the federal government is sitting on a mountain of BTC. He’s even declared his ambition to make America the “Bitcoin superpower of the world.” Well, bless his heart! 🌍
As of the latest news, Bitcoin has seen a little uptick of over 1% in the last 24 hours, trading at a whopping $83,332. But don’t get too excited, as it’s taken a tumble of more than 9% in the past week. It’s a wild ride, folks! 🎢
Other notable cabinet members dabbling in this digital currency include Tulsi Gabbard, the Director of National Intelligence, who’s got a Bitwise Bitcoin ETF Trust worth between $15,001 and $50,000. She’s also holding onto some Bitcoin directly, and like a good citizen, she’s promised to divest. Good luck with that! 😅
Transportation Secretary Sean Duffy is no slouch either, with funds ranging from $250,001 to $500,000 in Bitcoin, plus a Gemini wallet and a Fidelity Wise Origin Bitcoin Fund. It’s a veritable treasure chest! 🏴☠️
And let’s not forget Defense Secretary Pete Hegseth, who’s got a little stash of $15,001 to $50,000 in Bitcoin. It seems like everyone’s getting in on the action! 💼
Earlier this month, the AI and crypto czar David Sacks claimed he sold all his crypto holdings before stepping into his new role. He didn’t spill the beans on how much he had, but it included Bitcoin, Ethereum (ETH), and Solana (SOL). Sounds like he’s playing it safe while the ethics review is underway! 🤔
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2025-03-13 13:49