David Sacks: The government's lack of a long-term Bitcoin strategy has resulted in significant losses for taxpayers

PANews
PANews|Mar 06, 2025 13:33
David Sacks, the White House's head of artificial intelligence and encryption affairs and the "crypto czar," stated in a post that over the past decade, the US federal government has sold a total of 195000 bitcoins, with a cumulative revenue of approximately $366 million. However, if the government holds it for a long time, the current value of this portion of Bitcoin has exceeded $17 billion. Sacks pointed out that the lack of a long-term Bitcoin strategy by the US government has resulted in significant potential losses for taxpayers.
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