Key Takeaways
- US Representative Brandon Gill, who serves on the House Budget Committee, invested between $100,001 and $250,000 in Bitcoin.
- The purchase took place before a recent market correction.
US Representative Brandon Gill, a member of the House Budget Committee, purchased up to $250,000 worth of BTC in an October trade, according to a transaction report published on Tuesday.
The Texas Republican also invested between $15,001–$50,000 in BlackRock’s iShares Bitcoin Trust ETF, his first exposure to Bitcoin through an ETF.
Gill has acquired Bitcoin since January of this year. The latest purchase demonstrates confidence in the leading digital asset during a period of price volatility.
Politicians are increasingly making Bitcoin investments during price corrections, as shown in recent congressional trade filings. Representatives on fiscal committees, such as the House Budget Committee, are becoming increasingly involved in crypto asset investments, potentially linking these investments to broader policy discussions surrounding digital assets.
Source: https://cryptobriefing.com/us-representative-brandon-gill-purchases-bitcoin/