Pete Hegseth's open support for Bitcoin and crypto

Bitcoin makes for a small share of Hegseth's investments

Fox News host Pete Hegseth has been an open supporter of Bitcoin and other cryptocurrencies for several years now. In a recent interview with Fox Business, Hegseth discussed his crypto investments and explained why he believes in the future of digital assets.

According to Hegseth, Bitcoin makes up for a small share of his overall investments, which are largely concentrated in real estate and precious metals like gold. He further stated that he began investing in Bitcoin around 2017 when the cryptocurrency was trading at nearly $10,000. Hegseth also mentioned that he sold some of his Bitcoin holdings when it reached the $60,000 mark. However, he noted that he still “has a ways to go” before cashing out completely.

Pete Hegseth on crypto, taxes and why he's bullish on Bitcoin, not NFTs - Economic Times

Fox News host Pete Hegseth has been an open supporter of Bitcoin and other cryptocurrencies for several years now. In a recent interview with Fox Business, Hegseth discussed his crypto investments and explained why he believes in the future of digital assets.

According to Hegseth, Bitcoin makes up for a small share of his overall investments, which are largely concentrated in real estate and precious metals like gold. He further stated that he began investing in Bitcoin around 2017 when the cryptocurrency was trading at nearly $10,000. Hegseth also mentioned that he sold some of his Bitcoin holdings when it reached the $60,000 mark. However, he noted that he still “has a ways to go” before cashing out completely.

When asked about his thoughts on non-fungible tokens (NFTs), Hegseth expressed skepticism towards the digital collectibles. He stated that while NFTs may have their use cases, he personally does not find them interesting and prefers to focus on tangible assets like real estate and Bitcoin.

Hegseth also shared his views on the recent crypto tax proposal, which aims to impose a 28% capital gains tax on digital assets held for less than a year. According to the Fox News host, the proposal is “outrageous” and will likely lead to people moving their crypto offshore or into decentralized finance (DeFi) protocols to avoid paying taxes. He further emphasized the need for clear tax guidelines and definitions for digital assets.

Overall, Pete Hegseth remains bullish on Bitcoin and other cryptocurrencies, despite his skepticism towards NFTs. He also expressed concerns over the proposed crypto tax and highlighted the importance of well-defined tax regulations for digital assets.