This Pro-Crypto U. Senate Candidate Holds Over $1M In Bitcoin.

09 Oct 2021, 08:00

This Pro-Crypto U.S. Senate Candidate Holds Over $1M In Bitcoin Blake Masters, a Republican who is hoping to unseat incumbent Arizona Senator Mark Kelly during the 2022 election, is a bitcoin millionaire, according to the latest filed financials. Blake Masters’ Crypto InvestmentsIn its early years, bitcoin was dismissed by institutional investors as a worthless digital asset that attracts criminals. This has, however, changed significantly in recent years. Owing to the top crypto’s outstanding performance compared to other asset classes, bitcoin now bears the hallmark of institutional acceptance. While the rush of smart money and mainstream financial institutions to bitcoin is a very bullish signal, Congressional adoption is a completely different ball game. Blake Masters, who is a top aide to billionaire entrepreneur Peter Thiel revealed his crypto portfolio in a recent filing with the U.S. Securities and Exchange Commission (SEC). Per the filing, Masters currently owns bitcoin worth more than $1 million. He has also allocated his portfolio to other cryptocurrencies including Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tezos (XTZ), among others. This means that Masters is one of the most deeply crypto-invested congressional candidates. Apart from crypto, Masters has also invested in precious metals like gold and silver.