Tim Wu, a special assistant to the US President, has revealed that up to 25 percent of his investments are in the form of cryptocurrency. His financials have indicated that he owns between one to five million in bitcoin and $100,000 and $250,000 in Filecoin. With an impressive net worth valued to be between $4 million and $11 million, his investments are diverse including real estate, mutual funds, and gold bar ownership.
He is most commonly known for coining the term ‘net neutrality’. The term means that all internet communications must be treated equally without discrimination based on the content, user, application, destination, and source address among other factors.
This comes as no surprise as his career focuses heavily on tech-related matters. Tim Wu has been an avid supporter of Bitcoin and has written numerous articles on it and other cryptocurrencies. His support is founded on the fact that BTC faces fewer governance-related issues and requires no middlemen such as guarantors, bankers, and governments as compared to others. It is also not dependent upon social trust. Quoting the phrase “In Code We Trust”.
Wu joins a growing number of influential persons who have recently publicized their crypto holdings and investments. They include South Korean Governor Won Hee-ryong, MicroStrategy CEO Michael Saylor and Elon Musk Tesla CEO among others.