US Politicians Increase Bitcoin Exposure Amid Market Opportunities

Source: CryptoNewsNet Original Title: Rep. Marjorie Taylor Greene increases Bitcoin exposure during market dip Original Link: https://cryptonews.net/news/bitcoin/32088198/

Overview

Rep. Marjorie Taylor Greene of Georgia reported this week that she increased her Bitcoin exposure during the latest market dip.

A periodic transaction report filed on December 2 shows that Greene purchased up to $15,000 worth of a major Bitcoin ETF (IBIT) on November 21, when Bitcoin briefly dropped to $82,100, its lowest price since April.

Bitcoin has since bounced back. After recovering above $84,000, the asset now trades at around $92,373.

Congressional Bitcoin Activity

Greene’s filing adds to a series of Bitcoin-related disclosures she has made this year. She is not the only US lawmaker adding exposure.

A number of members of Congress have reported new Bitcoin positions in recent months:

• Rep. Brandon Gill disclosed buying up to $250,000 of BTC along with as much as $50,000 in Bitcoin ETF shares
• Senator Dave McCormick reported on Thanksgiving that he had purchased up to $150,000 in shares of a Bitcoin ETF

These disclosures reflect growing institutional and political interest in Bitcoin as an asset class.