New questionable politician trade alert 🚨
Sen. dave mccormick (R) disclosed buying another ~$600K of the Bitcoin ETF $BITB
He's now bought ~$900K YTD
Why is this notable?
Ask Aime: What is the significance of Sen. Dave McCormick's recent Bitcoin ETF purchase?
1) He bought ~$100K on 3/2
2)Just one day later, Trump tweeted about a Strategic Bitcoin Reserve
3) He bought another ~$50K on 3/4
4) Just two days later, Trump signed an EO to establish the reserve
5) on 3/11, the bill called The Bitcoin Act of 2025 was introduced and referred to the Senate Banking Committee
6) Coincidentally Senator McCormick sits on that exact committee
7) That same day, McCormick doubled down and bought another $50K of $BITB
8) He then bought another ~$150K the following days
Conflict of interest here? Probably.