J.D. Vance Is The First Ever Bitcoin Holder Ever To Run As VP, Here’s How Much Bitcoin J.D. Vance Holds
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July 19, 2024 7:01 pm
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Republican Vice President nominee Sen. J.D. Vance has become the first ever Bitcoin holder to run for Vice President.
According to congressional finance disclosures from 2022, Vance owns between $100,000 and $250,000 of Bitcoin in a Coinbase account.
Vance has yet to release his 2023 holdings, that is required to be released under Congress rules, but has opted to file an extension delaying the release of teh financial records.
Since the end of 2022, Bitcoin is up 270%.
There are plenty of reasons to be skeptical of J.D. Vance…
But there is also a lot to like ⬇️
✅ Pro Life
✅ Owns $100k-$250k of #Bitcoin
✅ Opposes vaccine mandates
✅ Opposes further aid to Ukraine
✅ Supports abolishing the ATF
✅ Supports Alex Jones & Steve Bannon pic.twitter.com/7kTLbD2scW— Grant Taylor (@grantltaylor) July 15, 2024
Here’s what Investor Place reported:
Interest surrounding J.D. Vance’s ownership of Bitcoin (BTC-USD) has surged after presidential candidate Donald Trump announced that he had selected the Ohio Senator and Hillbilly Elegy author as his Vice President pick. Vance is the first-ever Bitcoin holder to run for VP.
For starters, Vance is an experienced investor and launched his venture capital firm, Narya Capital, in 2020. The firm received $93 million in initial capital and included investments from prominent venture capitalists Peter Thiel and Marc Andreessen. Both Thiel and Andreessen have conveyed their support for Bitcoin in the past. Vance has previously worked with Thiel and joined a venture capital firm he co-founded in 2015.
According to Vance’s latest congressional financial disclosure, which is accurate as of Dec. 31, 2022, he owned between $100,000 and $250,000 of Bitcoin in a Coinbase (NASDAQ:COIN) account. BTC is up by over 270% since the end of 2022.
Vance has not yet disclosed his holdings since the end of 2023 and has requested an extension. Still, his most recent trades exclude Bitcoin, hinting that he still holds his stake.
New York Post put out a video on “3 things to know about J.D. Vance”
The first is that he owns #Bitcoin 👀
— Bitcoin News (@BitcoinNewsCom) July 19, 2024
Per The New York Post:
The Trump campaign is betting JD Vance can win over millions of voters who own digital currency to vote for them, sources told The Post.
Serious investors in crypto see Ohio senator 39-year old Vance, who has become a prominent figure in Silicon Valley, as someone who will look after their interests and promote digital currency, whereas the Biden administration has taken a more cautious approach, with more proposed regulation of the industry.
“Vance sealed the deal with voters who own crypto,” one source, who asked to remain anonymous, told The Post. “It shows how important the campaign thinks that constituency is.
A study by the Pew Research Center published in April concluded 17% of US adults have bought cryptocurrency and the majority of that figure, equivalent to around 40 million people, still own it.
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