Senator JD Vance is an investor in crypto, specifically Bitcoin. This week, Vance was announced as former President Donald Trump’s running mate, so he could potentially become the Vice President of the US if Trump wins the election.
According to a report in Barrons, Vance holds assets valued at between $4.3 million and $10.7 million. The information was garnered from a form filed in 2022 but amended last October. At that time, his holdings in Bitcoin were valued at between $100,000 and $250,000. Last October, Bitcoin was trading at around $30,000. Today, it is more than double that amount, so if Vance has held his position, he may have experienced a significant increase in value.
Senator Vance’s investment in Bitcoin may indicate his support of the digital asset sector. Recently, Republicans published their policy agenda indicating support for crypto. The position paper explained that if Trump wins in November, Republicans will “end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency [CBDC].” The paper stated Republicans will “defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.”
Trump’s support of crypto has helped to garner financial support from digital asset entrepreneurs. Recently, Trump also captured the support of multiple high-profile VCs.