FBI's Patel Shifts to Bitcoin Support After 'Deep Research' at Conference

FBI Director Kash Patel disclosed at Bitcoin 2026 his evolution from Bitcoin skeptic to advocate after intensive research, stressing law enforcement fights crime—not innovation—and noting U.S. holdings of ~328,000 BTC. This follows his April 27 pro-Bitcoin remarks and April 28 declaration of Bitcoin as a 'legitimate asset' like the USD, slashing Polymarket odds of a BTC drop to $60,000 to 0.4% from 2% a week prior amid Trump's Strategic Bitcoin Reserve order. Low liquidity ($3,812 24h USDC volume, zero recent trades) signals big swings from policy catalysts, boosting bullish sentiment.