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The newly-appointed director of the Federal Bureau of Investigation (FBI), Kash Patel, has significant exposure to crypto market leader Bitcoin (BTC), according to a financial disclosure.
The disclosure revealed that Patel holds between $50,001 and $100,000 in the Grayscale Bitcoin Trust ETF (exchange-traded fund). The new FBI director also reportedly holds up to $15,000 in the asset manager’s Bitcoin Mini Trust ETF.
JUST IN: 🇺🇸 President Trump's newly confirmed FBI Director Kash Patel holds $115,000 in Bitcoin. pic.twitter.com/deCF9lL3mM
— Watcher.Guru (@WatcherGuru) February 20, 2025
In addition to the holdings in Bitcoin ETFs, Patel also reported owning a stake worth between $50,001 and $100,000 in Core Scientific Inc., the leading Bitcoin mining firm.
Confirmed as the FBI director by the Senate yesterday, Patel previously worked for US President Donald Trump on the National Security Council in 2019.
He also served as a director on the board of Trump Media & Technology Group, which was co-founded by the current US President. Patel said he would relinquish his roles before taking charge as FBI director.
Is This New Meme Coin The Best Crypto To Buy Now In The Pro-Bitcoin Age?
With even FBI director Kash Patel disclosing that he is invested in Bitcoin, it’s little wonder that the new BTC meme coin BTC Bull Token (BTCBULL) is flying off the shelves.
BTC Bull Token, which aims to help the Bitcoin price soar to $1 million and beyond, has already amassed more than $2.5 million in less than two weeks since its presale launched.
The king of cryptos has already risen from sub $1 to more than $100K since its inception in 2009, and for most of that period governments across the world seemed to be against the flagship digital asset.
Now, as institutional adoption for BTC grows and governments mull their own strategic Bitcoin reserves, the largest crypto by market cap could very well soar to the $1 million mark.
Just earlier this week Standard Chartered analyst Geoff Kendrick said he still believes his forecast that BTC will hit $500k before Donald Trump leaves office is achievable.
If it does, investors in BTC Bull Token are going to make a lot of money. That’s because they’ll be receiving airdrops of real Bitcoin every time the king of cryptos hits a new all-time high for the first time.
The next price targets for holders to receive BTC airdrops are $150K, $200K and $250K. Thereafter, every $50K increase will be celebrated with a Bitcoin airdrop.
Adding to the crypto’s potential to soar is the scheduled token burns that will happen when BTC hits certain price milestones.
Along with the BTC airdrops, BTCBULL tokens will also be removed from the supply forever at certain price milestones, increasing BTCBULL’s scarcity. The next token burns will happen when Bitcoin hits $125K, $175K and $225K.
Analyst Says BTC Bull Token Can 10x
Among the experts who anticipate great things for Bitcoin Bull Token is prominent YouTube channel 99Bitcoins, which has over 725K subscribers. In a recent video, an analyst from the channel predicted that BTCBULL could soar 10X after its launch.
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