US Presidential Adviser Reveals His Cryptocurrency Investments

Tim Wu, who is a consultant to the US President on technology issues and market competition,is a major investor in Bitcoin, according to his published income information.

At the same time, the specific amount of purchases of cryptocurrencies is notdisclosed: it is known that Wu has bitcoins in the amount of one to five million dollars, and that investments in cryptocurrency # 1 make up the main share (from 25% to 43%) of his personal investment portfolio, which is estimated at an amount between 4 and 11 , $ 5 million.

In addition to Bitcoin, Wu has investments in altcoinFilecoin, in the amount of $ 100,001 thousand to $ 250 thousand. Filecoin is a project that develops a custody services platform for cryptocurrencies. Wu keeps the rest of his investment savings in an account with the Vanguard mutual fund.

Before joining the administration of the current presidentUSA Wu served as Special Adviser to the President of the National Economic Council, in charge of technology and competition policy. Wu is a critic of big tech corporations, and along with his interest in cryptocurrencies, he could play a prominent role in shaping the revamped digital asset regulation in the United States.

It is worth noting that Wu was not always a followerbitcoin. In 2017, he called Bitcoin a “bubble” and wondered, “Does this Bitcoin really have any value?” At that moment, he wrote that “Bitcoin does not have any support from the reserves of any state, it does not have the security that stocks and bonds have.” Meanwhile, even then he suggested that Bitcoin “could perfectly serve as a store of value, given that it can be sold.”

Thus, Wu drew attention to the highliquidity of the bitcoin market. He also expressed the opinion that bitcoin has become a sign that human society is increasingly transforming its work with financial instruments towards systems that do not involve the risk of human error, but which are based on the use of program code.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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