Did Politicians buy bitcoin?

[Cryptomultiplier]

Cash is still king when it comes to anonymity
So I guess many would still be going old school
And I wouldn't rule out the fact that they can add Bitcoin to their portfolio
Anybody can.
And buying shares and stocks leaves traces even Bitcoin except they are hiding under a smoke screen
Or alias or something.

I believe many of they are still going old school which will not be difficult for them. They can stark cash in a room, burry underground and many more methods.

But when it involves sending the money out of their country, that is where the issue of bitcoin comes in. Money laundry had been the easiest way to expose criminal politicians. But due to the advert of bitcoin and other digital monies, we have stopped hearing of money laundry. So, they now launder it in a smart way.

I'm countries where Bitcoin is acknowledged or even fully accepted as a legal tender, it is quite hard for politicians to launder stolen funds using crypto currencies because if they must use CEX, it can be tracked. They would really have to be smart to hide it properly and where they eventually get caught is when they rush to liquidate and buy luxury items and goods or go on expensive vacations and shopping.
It starts with the government probing the particular politician in question and when they dig, using smart tools we don't know they have, they can track down any stolen funds politicians have hidden using crypto currencies and confiscate it. Isn't this why the Bitcoin reserve was created in the U.S in the first place?

[Faisal2202]

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?

They can use cryptocurrency for any reason they want, but that would be their personal choice. If they do something illegal and get caught, they will be prosecuted as well. But saying something like politicians used to take funding for campaigns, like Trump taking Bitcoin as funds for his election campaigns, and many senators might be doing it too, and in some places they have restricted senators from taking any kind of donations or funds in the form of cryptocurrency because of the same reason you mentioned.

Because it might be easier to hide, but due to its transparency level I would not say it is a nice way of taking bribes, because everything is transparent and anyone could leak the address. Someone giving a bribe could even leak the address if they want, and the agencies have their ways to audit and test them too, so it is an easy catch for them, and with Bitcoin they could easily be caught.

[macson]

I think politicians are buying Bitcoin, but not to hide their money, because if they were, they would probably prefer more traditional ways of hiding it --- they're buying Bitcoin for regular investments, like any other investor. But perhaps only a handful are involved in Bitcoin, as most of them are more interested in investing in traditional assets like gold, property, or blue-chip stocks, which are more familiar to them.

[Smartvirus]

I think politicians are buying Bitcoin, but not to hide their money, because if they were, they would probably prefer more traditional ways of hiding it --- they're buying Bitcoin for regular investments, like any other investor. But perhaps only a handful are involved in Bitcoin, as most of them are more interested in investing in traditional assets like gold, property, or blue-chip stocks, which are more familiar to them.

Well, one truth about these is the fact that, it shouldn’t border you, it’s no business of yours what people do and do not do with their money. Either politicians are buying Bitcoin or not is entirely up to them to decide what they choose to invest their money with. By all means they should, which ever their motive is so long as, it’s not for illicit purpose or ill gotten money.
Bitcoin respects privacy in transparency and that’s why we don’t have to concern ourselves with what other Individual do with Bitcoin.

[Zoomic]

I'm countries where Bitcoin is acknowledged or even fully accepted as a legal tender, it is quite hard for politicians to launder stolen funds using crypto currencies because if they must use CEX, it can be tracked. They would really have to be smart to hide it properly and where they eventually get caught is when they rush to liquidate and buy luxury items and goods or go on expensive vacations and shopping.
It starts with the government probing the particular politician in question and when they dig, using smart tools we don't know they have, they can track down any stolen funds politicians have hidden using crypto currencies and confiscate it. Isn't this why the Bitcoin reserve was created in the U.S in the first place?

Will they even be caught? These politicians have agents and experts working for them. They don't have to use their own identity for any registration. Their agents run all the shits and give them results and if things go wrong the agents would be the ones in the public domain.

Concerning the reason for establishing bitcoin bitcoin reserve, US might not agree that the reason for establishing the reserve is to confiscate illicit funds, but not being able to buy more bitcoin to add to their reserve proves it all.

[freedomgo]

Anyone is free to buy bitcoin, not just to hid from anti-financial fraud agency, but because they have reasons to believe that bitcoin can offer them bigger horizons in the future. So there's always possibilities that politicians will create a good purchase with bitcoin.

However, to hide their ill-gotten wealth, most of them still trust investing in luxury real estate(local and offshore), anonymous shell companies, and even invest in luxury items like high-end vehicles, aircraft and jewelry that are mostly named not on their own identity but some other trusted allies.

They have all the money, so diversification would be easy for them, but given the fact that the ownership should not be made on their own names.

[Agbamoni]

Politicians no longer hide cash underground; it is old school. What they do is build a supermart, buy small businesses, and invest in startups. The realisation that they can go broke if they do not invest wisely has made politicians try to use their money to do things that will sustain them in the time to come. Some politicians buy Bitcoin while others buy other cryptocurrencies.

[Hamza2424]

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?

They invest in BTC because they are crypto friendly, and they also invest to show that publicly. Because a recent report showed that more than 50 people in the Trump administration owned around 2 million dollars worth of crypto. The amount might not be huge, but the gesture itself is important.

Bitcoin has mostly been used by groups involved in large scale operations. I am saying this because they deal with a lot of transactions and activities, so crypto becomes easier to use. For example, Brazil has allowed police and authorities to use seized crypto for their operations as well.

Many of them have cash buried underground. Many of them have fiat in banks abroad. Many of them buy properties aboard. This are very common in my country. I have heard about bitcoin this way before, but not what I have seen on the news, those that I have mentioned have been what I saw on the news. But, definitely, yes, it is possible because bitcoin is money.

Well explained, but due to its nature, it is easier for authorities to trace the coins back to the politician. They prefer cash mostly because even online bank transactions are proof that they are taking in money from means they were not supposed to.

[vs2014]

Politicians have already stolen a lot of the country's wealth which is why they have become rich. Besides, anyone can buy Bitcoin and hold it for a long time and profit. Although, we don't know any information about their wallets we can't doubt it until we are sure. Politicians can now directly use crypto to hide their identities as most of their money is stolen. Politicians will love this opportunity because they can hide their identities by investing in crypto. They may only be holding Bitcoin because they are mostly busy with government work.

[Silikiem]

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?

Of course politicians buy bitcoin, this is not a matter of if politicians buy bitcoin the question should be why will a politician who is occupying a public office choose to buy bitcoin instead of making open his income in a Bank. Eve though we know that for  sure bitcoin is for everyone and anyone can buy bitcoin no matter your class. Most people buy to invest which is the major reason, but in our society today there are people who see bitcoin as a safe haven for their money especially the politicians you mentioned, most of them are extremely rich and may not necessarily need to buy or invest in bitcoin for profit making but they will do it for privacy reasons and to protect their wealth, some out of fear because most of them acquired wealth through looting of public funds.

[X-ray]

Some are buying bitcoin just in case to keep wealth virtually off shore, even if many hid the fact, I'd still believe they are doing it to some extent, but it goes to show that bitcoin is great in time of need.

I'm sure some of them around the world are also buying other altcoins.

[CryptoYar]

Leaders who are corrupt will always seek covert means of depositing stolen funds that will not be monitored by anyone. Whereas the conventional cash transfer is becoming too risky with stringent border controls and physical raids, digital transfer is quick method that transfers high volumes of money across borders without delay. But believing that public network is absolutely safe in dirty money will be enormous indication of total ignorance in understanding how current financial tracking works. It seems to me that by bad actors covering stolen riches in open books they are chronically setting huge tracing trap upon themselves. Law enforcers of the world are in heaven when criminals deal in digital tokens since each time they transfer it a line of one to other is left forever and cannot be erased. Although this keeps them safe against immediate local raids, long term concealment becomes impossible and this will ultimately translate to criminals sealing their assets.

[BABY SHOES]

I don't know about other countries' politicians... in my country politicians still use cash to corrupt and they keep it in various places, I even saw a news that a corrupt person kept foreign money under his mattress but was eventually caught by the anti-corruption commission.

I don't know if those politicians don't understand BTC or if fiat transactions are safer, but this is what most of them do and they usually set up a cafe or restaurant to make it look clean that the money is from business.

[Ronsbit]

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.

You are on point here. No politician can launder money with a Bitcoin ledger, as it is public, open, and transparent, so it is a no-no for them. They would never make such a mistake, which is why they are not allowing public funds or anything of such nature to pass through an open and transparent ledger, because they cannot steal from it. Maybe their own personal money, they would use to invest in bitcoin if, at all, they would do so, because not all of them are knowledgeable about blockchain, as they might find it difficult to do whatever they want to do with it.

[Son Of Blockchain (SOB)]

 Ofcourse politicians can buy Bitcoin too, it's for everyone including them but some politicians can buy Bitcoin with stolen funds, i mean tax payers money and store in Bitcoin only when they use wallets that won't warrant them to provide informations but if stored in an exchange then such person would definitely get caught some day by the authorities.
 Politicians in my country are known for storing money in septic tanks, buying stocks or properties in another country so they won't be easily traced by the authorities, I've never heard any politician in my country talked about buying Bitcoin or even owning some Bitcoins, they're mostly related with buying properties abroad.

[TheUltraElite]

Politicians are humans only. They have influence and always are hungry for money. Hence it is not uncommon to find them hoarding fiat and crypto. They have financial managers who are managing their money and making sure money is being made from the streets.

The key takeaway is that we need to collect and store as much bitcoin as we can at low price, not sell it with weak hands but only in times of need. People around us with greater fiat capital will always have advantage of being able to collect more than we can do, but that is alright.

[Plutomanian]

Ofcourse politicians can buy Bitcoin too, it's for everyone including them but some politicians can buy Bitcoin with stolen funds, i mean tax payers money and store in Bitcoin only when they use wallets that won't warrant them to provide informations but if stored in an exchange then such person would definitely get caught some day by the authorities.
 Politicians in my country are known for storing money in septic tanks, buying stocks or properties in another country so they won't be easily traced by the authorities, I've never heard any politician in my country talked about buying Bitcoin or even owning some Bitcoins, they're mostly related with buying properties abroad.

Without mentioning the country alone, it's funny because I know specifically the country you're referring to. Politics is a dirty game and those category of politicians that buys bitcoins in bulk and hide it simply because they're saving their faces from the public media because questions will arise and be asked about how much worth are these bitcoins in their portfolios. Infact politicians in this country doesn't give a clue about Bitcoin or even cryptocurrency, they're all doing as if they do not know what cryptocurrency is and having not heard about it for decades. Common we know their strategies and principles, they've told themselves to stay hidden and discreet when it comes to monetary values and assets.