[Blockchain Today Correspondent Han Ji-hye] Tim Wu, special adviser in charge of technology and competition policy at the National Economic Council (NEC) under the direct control of the US president, who has criticized cryptocurrency as a ‘bubble’, turns out to be a Bitcoin (BTC) millionaire. turned out
On the 7th (local time), U.S. political media outlet Politico reported that Special Adviser Wu had between $1 million and $5 million worth of Bitcoin. This is worth between 1.113 billion won and 5.565 billion won, and it occupies the largest portion of Special Assistant Woo’s investment portfolio.
This fact was reported and revealed during the process of disclosure of property details.
It was also confirmed that he possessed not only Bitcoin but also Filecoin (FIL). Filecoin is a cryptocurrency that aims to implement a decentralized decentralized cloud system using IPFS technology. The file coins he owns are between $100,000 and $250,000.
Wu resigned from his position as a law professor at Columbia University in March to join the Biden administration. Until now, he was known as a person with a critical view on cryptocurrencies such as Bitcoin.
In a 2017 New York Times column, Special Adviser Woo argued that Bitcoin was a bubble. “Bitcoin, which was about 39 cents, rose to $18,000 in just eight years. Do you need a bigger reason to know that Bitcoin is in a bubble?” He also criticized “Bitcoin” as a mere fantasy without substance.
In response, the White House said, “Special Adviser Wu is not involved in any matters related to Bitcoin or virtual assets because of his financial interest and is not doing anything related to it.”
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