Trump's VP pick JD Vance owns up to $500,000 in Bitcoin
Key Takeaways
- Vance's Bitcoin holdings are valued between $250,000 and $500,000.
- His fortune is significantly higher than the median US household net worth.
J.D. Vance, Donald Trump’s vice presidential pick, holds between $250,000 and $500,000 in Bitcoin, according to federal disclosure forms filed in August, first reported by CBS News.
His BTC holdings have doubled since his previous disclosures. In a 2022 report filed with the US Senate, he declared owning between $100,001 and $250,000 through Coinbase.
While Vance’s wealth—estimated between $4.8 million and $11.3 million—is modest compared to Trump’s billion-dollar fortune, it surpasses the median US household net worth of $193,000, according to the report.
Vance’s largest asset is a Charles Schwab account, estimated to be worth between $2.3 million and $7.7 million, which includes a stake in the Invesco QQQ Trust valued between $1 million and $5 million. In addition, he owns real estate in Washington, D.C. and has a stake in his venture capital fund, Narya Capital Fund I.
His financial disclosures reveal other holdings, including checking and savings accounts at Marcus Goldman Sachs and the Navy Federal Credit Union, as well as a SEP-IRA account valued between $100,000 and $250,000.
He also has a mortgage and a line of credit as liabilities, along with earning royalties from his memoir “Hillbilly Elegy.”
Senator J.D. Vance was chosen by Trump as his vice-presidential candidate in July. Analysts suggest that his selection could lead to crypto-friendly policies in the US under a Trump administration.
The Ohio senator’s substantial Bitcoin holdings reflect his support for digital currencies and their growing role in the financial landscape.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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