Bitcoin Surges to $98K; New FBI Director Kash Patel Invests Heavily in Crypto
February 21, 2025
As of February 21, 2025, Bitcoin is valued at $98,300.91, marking a 1.16% increase over the past 24 hours.
This situation underscores the growing involvement of Trump administration officials in cryptocurrency investments, with others like Treasury Secretary Scott Bessent also participating.
The BTCBULL token will undergo scheduled burns at specific Bitcoin price milestones, enhancing its scarcity and potential value.
An analyst from the YouTube channel 99Bitcoins has predicted that BTCBULL could see a tenfold increase following its launch.
Analysts predict that with increasing institutional adoption and potential government reserves, Bitcoin could reach $500,000 before the end of Trump's term.
Investors in the BTCBULL token will benefit from airdrops of Bitcoin whenever it hits new all-time highs, with targets set at $150K, $200K, and $250K.
Prior to his FBI appointment, Patel worked on the National Security Council and assisted with the transition from Trump to Biden.
Kash Patel, recently confirmed as the new FBI Director, has disclosed significant investments in Bitcoin, totaling $115,000 across various ETFs.
Patel was confirmed by the Senate as FBI Director on February 20, 2025, after resigning from his role on the board of Trump Media & Technology Group.
The BTC Bull Token (BTCBULL), a new meme coin, has quickly raised over $2.5 million in presale, with aspirations to elevate Bitcoin's price to $1 million or more.
Since its inception in 2009, Bitcoin has seen remarkable growth, skyrocketing from under $1 to its current valuation.
Patel's financial disclosure also reveals he holds between $50,001 and $100,000 in the Grayscale Bitcoin Trust ETF and has a stake in Core Scientific Inc., a Bitcoin mining firm.
Summary based on 3 sources
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InsideBitcoins.com • Feb 21, 2025
In An Era When Even New FBI Director Kash Patel Owns Bitcoin, Is This ICO Giving Away Free BTC The Best Crypto to Buy Now?