{"id":12924,"date":"2022-08-23T14:40:48","date_gmt":"2022-08-23T14:40:48","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/"},"modified":"2022-08-23T14:40:49","modified_gmt":"2022-08-23T14:40:49","slug":"blake-masters-bitcoin-investments-tanked-in-2022","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/","title":{"rendered":"Blake Masters\u2019 Bitcoin investments tanked in 2022"},"content":{"rendered":"<p>Source: <a href=\"https:\/\/www.theverge.com\/2022\/8\/22\/23316860\/bitcoin-ethereum-cryptocurrency-blake-masters-arizona-mark-kelly-senate-election\">https:\/\/www.theverge.com\/2022\/8\/22\/23316860\/bitcoin-ethereum-cryptocurrency-blake-masters-arizona-mark-kelly-senate-election<\/a><br \/>\n<code><br \/><\/br><\/code><\/p>\n<div readability=\"104.38374717833\">\n<p id=\"BDjwfy\">Bitcoin evangelist and Republican Senate hopeful Blake Masters has invested millions into a wide variety of cryptocurrencies. But according to recent financial filings viewed by <em>The Verge<\/em>, Masters\u2019 own digital investments have seemingly tanked in value over this past year\u2019s cryptocurrency crash.<\/p>\n<p id=\"0P7kye\">Masters, <a href=\"https:\/\/www.theverge.com\/2022\/8\/2\/23289084\/blake-masters-senate-arizona-gop-primary-election-mark-kelly\">proteg\u00e9 to billionaire tech investor Peter Thiel<\/a>, disclosed a dozen different investments into different cryptocurrencies and platforms in a personal finance filing last week. <a href=\"https:\/\/cdn.vox-cdn.com\/uploads\/chorus_asset\/file\/23963076\/masters_2022_finances__1_.pdf\">As of August 15th<\/a>, Masters owned between $600,000 and $1.2 million in Bitcoin alone, a dramatic decrease <a href=\"https:\/\/cdn.vox-cdn.com\/uploads\/chorus_asset\/file\/23963080\/Masters_Ethics_Filing.pdf\">from the $1.1 to $5.2 million he touted in financial disclosures<\/a> last year. Masters did not disclose any significant profits from his Bitcoin investment, suggesting a decrease in overall value rather than a potential sell-off.<\/p>\n<div class=\"c-float-right\">\n<aside id=\"g6vUmK\"><q>Masters did not disclose any significant profits from his Bitcoin investment<\/q><\/aside>\n<\/div>\n<p id=\"ldP0D3\">Amongst Masters\u2019 current holdings are investments in Bitcoin, Bitcoin Cash, Ethereum, Filecoin, Litecoin, and Tezos. Filecoin and Tezos were the only cryptocurrencies that Masters reported earning \u201cinterest\u201d from this past year, claiming to have made between $1,001 to $2,500 each. <\/p>\n<p id=\"XwoqOl\">While some cryptocurrencies have started to stabilize and regain value since their June lows, Masters\u2019 own Bitcoin declines are consistent with the broader crash in cryptocurrency prices over the past year. Bitcoin is still <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\/\">down 60 percent<\/a> from August 2021, while Masters\u2019 second-largest holding Ethereum <a href=\"https:\/\/www.coindesk.com\/price\/ethereum\/\">has shed more than half<\/a> of its market value (Masters\u2019 Ethereum value range of $250,000-$500,000 did not change year over year).<\/p>\n<p id=\"FHiYws\">Masters\u2019 campaign did not confirm whether his assets had decreased in value but suggested to <em>The Verge <\/em>on Monday that he used his cryptocurrency investments to loan money to his campaign. Masters only reported between $100,001 and $250,000 in loans as part of his yearly filing last week. A spokesperson for his campaign did not immediately respond to clarifying questions from <em>The Verge<\/em>.<\/p>\n<p id=\"fDack1\">Masters also disclosed more than $300,000 in book royalties from <em>Zero to One<\/em>, the Silicon Valley startup guide the Trump-endorsed candidate co-wrote with Thiel in 2014.<\/p>\n<p id=\"veDrOT\">Once a candidate formally announces that they\u2019re seeking public office, they are required to file public financial disclosures for each year of their campaign. While the disclosures don\u2019t require specific investment totals, candidates must provide an estimated range for the value of significant asset investments, including digital assets like cryptocurrency.<\/p>\n<p id=\"LZZMiF\">For Masters, who is running to unseat Sen. Mark Kelly (D) for Arizona, cryptocurrency proliferation and federal adoption has become a major part of his campaign platform. Right before the markets began to crash last fall, <a href=\"https:\/\/twitter.com\/bgmasters\/status\/1442539765102833664?s=20&#038;t=vaOlbuIQW8Z8GYrFoHg2Lw\">Masters tweeted<\/a> that the US government should \u201cbuy a strategic reserve of Bitcoin,\u201d likening it to \u201cFort Nakamoto\u201d or \u201cthe new Fort Knox.\u201d Masters has <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-29\/thiel-associate-talks-up-crypto-in-long-shot-gop-senate-campaign\">also offered NFTs to people<\/a> who have contributed the maximum of $5,800 to his campaign and claims that his campaign accepts donations in Bitcoin.<\/p>\n<p id=\"EwPvRC\"><a href=\"https:\/\/www.foxbusiness.com\/markets\/blake-masters-tells-investors-to-buckle-up-to-face-cryptocurrency-volatility\">In a May <em>Fox Business <\/em>interview<\/a> with Maria Bartiromo, Masters suggested that Bitcoin\u2019s caving value would only be temporary.<\/p>\n<p id=\"Be7YJe\">\u201cIt\u2019s not like it\u2019s only crypto that\u2019s crashing, right? Unfortunately, everything is crashing,\u201d Masters said in the interview. \u201cBut it\u2019s true, crypto\u2019s exceptionally volatile. I always tell people to only get involved, only buy Bitcoin if you\u2019re ready to buckle up and weather the storm because this is the Wild West.\u201d<\/p>\n<\/div>\n<p><code><br \/><\/br><\/code><\/p>\n<p>Source: <a href=\"https:\/\/www.theverge.com\/2022\/8\/22\/23316860\/bitcoin-ethereum-cryptocurrency-blake-masters-arizona-mark-kelly-senate-election\">https:\/\/www.theverge.com\/2022\/8\/22\/23316860\/bitcoin-ethereum-cryptocurrency-blake-masters-arizona-mark-kelly-senate-election<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Bitcoin evangelist and Republican Senate hopeful Blake Masters has invested millions into a wide variety of cryptocurrencies. But according to recent financial filings viewed by The Verge, Masters\u2019 own digital investments have seemingly tanked in value over this past year\u2019s cryptocurrency crash. Masters, proteg\u00e9 to billionaire tech investor Peter Thiel, disclosed a dozen different [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12925,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[15,8],"tags":[16],"class_list":["post-12924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policy","category-technology","tag-policy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blake Masters\u2019 Bitcoin investments tanked in 2022 - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blake Masters\u2019 Bitcoin investments tanked in 2022 - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: Bitcoin evangelist and Republican Senate hopeful Blake Masters has invested millions into a wide variety of cryptocurrencies. But according to recent financial filings viewed by The Verge, Masters\u2019 own digital investments have seemingly tanked in value over this past year\u2019s cryptocurrency crash. Masters, proteg\u00e9 to billionaire tech investor Peter Thiel, disclosed a dozen different [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-23T14:40:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-23T14:40:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/\",\"url\":\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/\",\"name\":\"Blake Masters\u2019 Bitcoin investments tanked in 2022 - Science and Nerds\",\"isPartOf\":{\"@id\":\"https:\/\/scienceandnerds.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg?fit=1200%2C628&ssl=1\",\"datePublished\":\"2022-08-23T14:40:48+00:00\",\"dateModified\":\"2022-08-23T14:40:49+00:00\",\"author\":{\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\"},\"breadcrumb\":{\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg?fit=1200%2C628&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg?fit=1200%2C628&ssl=1\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/scienceandnerds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blake Masters\u2019 Bitcoin investments tanked in 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/scienceandnerds.com\/#website\",\"url\":\"https:\/\/scienceandnerds.com\/\",\"name\":\"Science and Nerds\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/scienceandnerds.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/scienceandnerds.com\"],\"url\":\"https:\/\/scienceandnerds.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Blake Masters\u2019 Bitcoin investments tanked in 2022 - Science and Nerds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/","og_locale":"en_US","og_type":"article","og_title":"Blake Masters\u2019 Bitcoin investments tanked in 2022 - Science and Nerds","og_description":"Source: Bitcoin evangelist and Republican Senate hopeful Blake Masters has invested millions into a wide variety of cryptocurrencies. But according to recent financial filings viewed by The Verge, Masters\u2019 own digital investments have seemingly tanked in value over this past year\u2019s cryptocurrency crash. Masters, proteg\u00e9 to billionaire tech investor Peter Thiel, disclosed a dozen different [&hellip;]","og_url":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/","og_site_name":"Science and Nerds","article_published_time":"2022-08-23T14:40:48+00:00","article_modified_time":"2022-08-23T14:40:49+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/","url":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/","name":"Blake Masters\u2019 Bitcoin investments tanked in 2022 - Science and Nerds","isPartOf":{"@id":"https:\/\/scienceandnerds.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#primaryimage"},"image":{"@id":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg?fit=1200%2C628&ssl=1","datePublished":"2022-08-23T14:40:48+00:00","dateModified":"2022-08-23T14:40:49+00:00","author":{"@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e"},"breadcrumb":{"@id":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#primaryimage","url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg?fit=1200%2C628&ssl=1","contentUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg?fit=1200%2C628&ssl=1","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/scienceandnerds.com\/2022\/08\/23\/blake-masters-bitcoin-investments-tanked-in-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/scienceandnerds.com\/"},{"@type":"ListItem","position":2,"name":"Blake Masters\u2019 Bitcoin investments tanked in 2022"}]},{"@type":"WebSite","@id":"https:\/\/scienceandnerds.com\/#website","url":"https:\/\/scienceandnerds.com\/","name":"Science and Nerds","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/scienceandnerds.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/scienceandnerds.com"],"url":"https:\/\/scienceandnerds.com\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/blake-masters-bitcoin-investments-tanked-in-2022_6304e6f0c3018.jpeg?fit=1200%2C628&ssl=1","_links":{"self":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/12924"}],"collection":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/comments?post=12924"}],"version-history":[{"count":1,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/12924\/revisions"}],"predecessor-version":[{"id":12926,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/12924\/revisions\/12926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media\/12925"}],"wp:attachment":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media?parent=12924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/categories?post=12924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/tags?post=12924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}