Cryptocurrencies might be anathema for certain members of United States President Joseph Biden’s administration, but that has not stopped one staffer from owning a small fortune in Bitcoin (BTC).
According to a report by Politico on Monday, Tim Wu, special assistant for technology and competition policy to the president at the National Economic Council, owns over $1 million in Bitcoin.
Wu’s BTC ownership came to light after a recent personal financial disclosure that also revealed his ownership of Filecoin (FIL). Wu reportedly owns between $1 million and $5 million worth of Bitcoin as well as between $100,001 and $250,000 worth of FIL tokens.
The White House adviser’s Bitcoin pot allegedly constitutes a major portion of Wu’s financial portfolio estimated to be between $4 million and $11.5 million in value. Based on his estimated Bitcoin ownership, Wu may hold between 29 and 146 BTC.
Wu, a prominent legal scholar and Columbia University law professor has previously argued against Bitcoin’s value proposition. Back in December