Did Politicians buy bitcoin?

[lionheart78]

With the rate of stealing in the political spheres, modern technology has improved more secure wallets like BTC, pocket bank, and mobile money where people can hid their money. I learnt Politicians now invest in buying stocks exchange, shares and BTC for the fear of anti financial fraud agency. Did Politicians actually invest buying BTC to avoid be prone by security like EFCC, FBI said more?

Bitcoin is a speculative assets and politicians is just humans who wanted to profit from these kinds of assets.  I believe that there is a huge possibility that politicians are also buying Bitcoin not because they see its worth as a financial development but rather they see Bitcoin as a speculative asset that can gain them huge profit in the future.

These politician may shy away from revealing their personal involvement in Bitcoin investment, but we cannot deny the possibility that many of these politicians around the globe had already profited and losses from Bitcoin price swings.

[TokenTikas]

These days, many politicians are starting to gain more confidence in the crypto space because keeping large amounts of fiat money in banks can easily expose ownership and financial details. That’s one reason why more people are now becoming interested in storing wealth through modern options like cryptocurrency. The crypto world gives users more control over their assets and in many cases, other people cannot easily track or know what someone is holding.
Considering privacy and security matters, it seems many politicians are becoming more interested in buying bitcoin and using crypto as part of their financial strategy.

[Alonso_]

I believe that politicians buys bitcoin, and not only do they buy bitcoin, I believe that they go as far as buying properties and stacking money in the banks, and some of them keep money underground sewage systems where you will not know about any of this things, this are actually in the old days, perhaps there are still some of the old fashioned politicians who do this kind of things, so I might not really know what is happening for them, but this new fashioned politicians would definitely be stacking and keeping money in their bitcoin wallets.

[ContentWriter]

Politicians are not different from the people except that in countries with weak institutions, they find ways to manipulate the system anjd steal from the commonwealth. There is nothing special about politicians debar their quest for power, sometimes at all cost.

There is no doubt that the corrupt ones would buy bitcoins, perhaps with the hope that they could conceal their track or the money trail. These things happen when there are no effective checks and institutionalized corruption hold sway. Nevertheless, even third-world countries would eventually experience revolutions that sometimes bring crooked political players to book. We saw this happen in several Arab countries during the Arab Spring, so thievig politicians is no big deal and funnelling their funds via Bitcoin may hold a temporary promise since it still can be traced if the erring politician is caught.

[athanred]

Did Politicians buy bitcoin?

Of course. For example, Sławomir Mentzen publicly declared, that he owns 33,7 BTC: https://orka.sejm.gov.pl/osw10.nsf/0/526F37EA871B40EBC1258C750043285D/%24File/OSW102_241.pdf

[Davidvictorson]

With the rate of stealing in the political spheres, modern technology has improved more secure wallets like BTC, pocket bank, and mobile money where people can hid their money. I learnt Politicians now invest in buying stocks exchange, shares and BTC for the fear of anti financial fraud agency. Did Politicians actually invest buying BTC to avoid be prone by security like EFCC, FBI said more?

It depends on the region of the world you are referring to. there are so many way that corrupt politicians invest their stolen funds and in my estimation, bitcoin or any other cryptocurrency does not make the top 10 on the list. Bitcoin is relatively new for them and many either do not understand how it works and would prefer their old tested, trusted, and tried ways. And just like someone already commented, they may have it buried underground or other places that are yet to be discovered by people.

[Z-tight]

The BTC blockchain is transparent, so it may not be the best tool for money laundering, especially if the actor is unskilled in using BTC in combination with privacy tools, and i doubt many politicians are.

If they are not trying to use BTC as a tool to hide stolen funds, then i am sure there are many politicians that buy and hold BTC. However, if it as a tool to hide their stolen money trail, they would prefer cash and other tools they have used for a long time now over BTC.

[Bushdark]

I believe that politicians buys bitcoin, and not only do they buy bitcoin, I believe that they go as far as buying properties and stacking money in the banks, and some of them keep money underground sewage systems where you will not know about any of this things, this are actually in the old days, perhaps there are still some of the old fashioned politicians who do this kind of things, so I might not really know what is happening for them, but this new fashioned politicians would definitely be stacking and keeping money in their bitcoin wallets.

The politicians are the major competitors in the crypto market and because they have the fund, they can buy millions of dollars in Bitcoin at their own expenses to make money from the crypto space. Politicians like Donald Trump and others have billions of dollars worth of Bitcoin and this is possible because he has the power to control the market through the news.
Influencial people are the ones that are making money from the crypto market and majority are accumulating Bitcoin because they have the power to make decisions that will either lead to the price crashing or rising.

[Franctoshi]

With the rate of stealing in the political spheres, modern technology has improved more secure wallets like BTC, pocket bank, and mobile money where people can hid their money. I learnt Politicians now invest in buying stocks exchange, shares and BTC for the fear of anti financial fraud agency. Did Politicians actually invest buying BTC to avoid be prone by security like EFCC, FBI said more?

Yes, the majority of our politicians are quite aware of Bitcoin and also make use of it, but some don't want to make that known to the public because they feel that they will likely become a point of attention, so only a few do, because of their various political positions, especially in those corrupt countries where we have some of our politicians stealing funds. What they do is that they use someone who doesn't hold any political posts to buy or acquire their Bitcoin and then send it to their decentralized wallet that's not linked to their identity.

[uneng]

I live in a very corrupt country, but interestingly Bitcoin has never become a topic on that matter. Every schemes operated by politicians so far have been done through fiat currencies, consolidated banks and the participation of government's agents. It means they use the centralized system in favour of their schemes of corruption. Centralization is so good for them that they don't feel like a decentralized currency like Bitcoin is necessary.

Ironically, centralization is promoted as a way to restrain criminal activities, while decentralization is identified as fertile soil for scammers to operate.

[serjent05]

I live in a very corrupt country, but interestingly Bitcoin has never become a topic on that matter. Every schemes operated by politicians so far have been done through fiat currencies, consolidated banks and the participation of government's agents. It means they use the centralized system in favour of their schemes of corruption. Centralization is so good for them that they don't feel like a decentralized currency like Bitcoin is necessary.

Silence about politicians buying bitcoin does not mean these politicians completely do not invest in Bitcoin or cryptocurrency. And take note, bitcoin blockchain is transparent, imagin if a politician use Bitcoin to launder money, then all his actions will be recorded and can be proof of the person's corruption.  Fiat money is still the best way to launder money.   

Ironically, centralization is promoted as a way to restrain criminal activities, while decentralization is identified as fertile soil for scammers to operate.

This is what the government wanted to inculcate in the minds of its citizens.  They have to promote that their policy is solid and can avoid fraud and lies about the system that does not follow their protocol.

[Ishicryptic]

Anybody can buy and hold Bitcoin whether you're a politician or not and it doesn't matter your motive Bitcoin is for everybody both the genuine and corrupt people or institutions. As for politicians hiding their loots in Bitcoin it is very possible being that it is decentralized but what they should understand that it is possible for transactions to be traced if the authorities can get and track their transactions. Bitcoin has unfortunately been linked to a lot of fraudulent transactions that is used for money laundering but it's haters and authorities forget that money laundering have always been before Bitcoin creation and that fiat remains the major means of laundering and scamming in every society.