Congressman Bought Bitcoin, Solana, XRP In December — And Didn’t HODL: A Look At Missed Profits By Selling Before BTC All-Time Highs
Leading cryptocurrency Bitcoin (CRYPTO: BTC) hit new all-time highs this week, a positive for investors who have been buying and holding crypto for years or newer investors who have bought crypto or Bitcoin ETFs in recent months.
One member of Congress likely isn’t smiling when looking at the Bitcoin chart, as he cashed out too early.
What Happened: Members of Congress are currently free to buy and sell stocks, options, ETFs and cryptocurrency as long as they properly disclose their transactions within 45 days.
A recent disclosure from Rep. Guy Reschenthaler (R-Pa.) shows the Congressman bought Bitcoin, Solana (CRYPTO: SOL) and XRP Token (CRYPTO: XRP) in December and sold the crypto months later in April and May.
As tracked by the Benzinga Government Trades page, Reschenthaler bought $1,000 to $15,000 worth of each of XRP and Solana on Dec. 11 and bought $1,000 to $15,000 worth of Bitcoin on Dec. 24.
The Congressman sold his Bitcoin and XRP on April 24 and sold his Solana on May 12.
Here’s a look at the …
About The Author
