US government advisor Tim Wu, famous for coining the term Net Neutrality, invests in cryptocurrencies. Tim Wu, a member of the National Economic Council in the USA, announced that he owns Bitcoin and Filecoin. Explaining that he invests a quarter of his financial assets in cryptocurrencies, Wu serves as President Biden’s special assistant on technology and competition policy.
Tim Wu, a senior official at Joe Biden’s National Economic Council, owns $1 million to $5 million worth of Bitcoin and $100,000 worth of Filecoin, according to his latest financial statement.
Tim Wu’s Bitcoin investments
Tim Wu, the US government’s adviser on antitrust and settlement policies, is a cryptocurrency millionaire, according to a Politico Monday report. Wu recently released a financial statement revealing that he is holding between $1 million and $5 million in Bitcoin and between $100,000 and $250,000 in Filecoin. The report states that Bitcoin assets represent at least 25% of its holdings, with a net worth of between $4 million and $11.5 million. Wu is a professor at Columbia University and a columnist for the New York Times.
During the cryptocurrencies bull run in 2017, Wu wrote an opinion piece for the New York Times commenting that Bitcoin was “in a bubble,” but that it had meaning. Apart from Bitcoin, Wu primarily invested in Vanguard mutual funds and “gold bars between $15,001 and $50,000.” He also lives in Washington, D.C. with his wife. and he has apartments in Buenos Aires.
Wu; He has vocally opposed the influence of companies like Amazon, Apple, Facebook, and Google, and has worked with Congress to strengthen antitrust laws. US President Joe Biden appointed Wu a member of the National Economic Council earlier this year. Wu advises President Biden on the US government’s antitrust and completion policies. He gained notoriety during his time in the Obama administration, particularly between 2011 and 2012, when he led antitrust policies in the tech industry.