Politics, Bitcoin, and big money meet?
David McCormick, a prominent Republican candidate and well-known economic figure, made two significant purchases in the BITB fund, Bitwise's ETF that tracks Bitcoin prices.
According to the report, McCormick purchased the ETF twice. Each transaction ranged from an impressive $50,001 to $100,000.
This means the total investment amount could reach almost $200,000, which is no small matter.
And this time, we also get a glimpse into the short-term trading results of politicians.
Note when he bought on March 25-27; this represents a return of about 10% in less than a month!
When politicians start putting their personal money into the crypto market, it is certainly an interesting phenomenon.