Kash Patel Takes Over as FBI Director And He’s a Bitcoiner

Kash Patel is present officially moving the FBI. The Senate confirmed him successful a choky 51-49 vote, handing Donald Trump a large triumph successful his long-running feud with the agency. Every Democrat voted against him, on with 2 Republicans: Susan Collins and Lisa Murkowski, who raised concerns astir his heavy Trump ties. But that didn’t halt Patel, 1 of Trump’s astir loyal defenders, from landing the job.

What makes Patel basal retired is that his fiscal disclosures amusement he’s profoundly into Bitcoin. He holds up to $115,000 successful a Bitcoin ETF and $250,000 successful Core Scientific, a large Bitcoin mining company. 

While his Bitcoin holdings didn’t marque waves during his confirmation hearing, immoderate experts judge his crypto cognition could assistance the FBI crackdown connected cybercrime, particularly cases involving North Korean hackers targeting crypto platforms.

 Who is Kash Patel?

If you’ve followed Trump-era politics, you’ve heard of Patel. He’s a lawyer and erstwhile nationalist information authoritative who became a cardinal subordinate successful Trump’s conflict with the quality community. 

He antecedently served arsenic main of unit to the acting Secretary of Defense and helped propulsion backmost against the Russia investigation. Now, he’s heading the precise bureau that clashed with Trump for years.

Patel’s Financial Portfolio: Bitcoin, Stocks, and Media Money

Patel’s fiscal records overgarment a representation of idiosyncratic who knows however to diversify. Here’s a look astatine wherever his wealth is:

• Up to $5 cardinal successful EliteDepot, a manner and skincare company.
• Up to $250,000 successful NVIDIA, a starring chipmaker.
• Up to $250,000 successful VK Integrated Systems, a tactical cogwheel institution tied to defence contracts.
• Up to $250,000 successful Core Scientific, a Bitcoin mining firm.
• Up to $115,000 successful a Bitcoin ETF.

Patel isn’t conscionable an investor, he’s been making superior wealth from media and publishing too. He pulled successful $165,000 from Performance One Media, $99,000 from Epoch Times, and $57,000 from assorted speaking gigs. His books, including Government Gangsters and The Plot Against the King series, raked successful betwixt $145,000 and $1.2 million.

Taking connected the FBI relation meant Patel had to measurement down from a fewer positions. He near Trump Media and Technology Group, the Kash Patel Foundation, and Epoch Times. However, he’s keeping immoderate of his consulting businesses, Trishul LLC and Dal Forno LLC, inactive alternatively than shutting them down entirely.

With Patel successful charge, expect immoderate large changes astatine the FBI. His critics interest he’ll politicize the agency, portion his supporters spot him arsenic a much-needed reformer. 

Also Read: Saylor’s Strategy Plans to Raise $2B to Buy More Bitcoin