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Home»TRADING NEWS»Trump’s Crypto Czar says Bitcoin’s lack of “long -term strategy” has reached billions of dollars to taxpayers.
TRADING NEWS

Trump’s Crypto Czar says Bitcoin’s lack of “long -term strategy” has reached billions of dollars to taxpayers.

By Crypto FlexsMarch 7, 20253 Mins Read
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Trump’s Crypto Czar says Bitcoin’s lack of “long -term strategy” has reached billions of dollars to taxpayers.
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  • In the last decade, the federal government has sold about 195,000 Bitcoin for $ 336 million.
  • Today, this figure will be worth more than $ 17 billion.
  • Sacks said the lack of “long -term strategy” cost US taxpayers.

White House AI (AI) and Crypto Czar David Sacks criticized the US federal government’s “long -term strategy” with the sale of the seized Bitcoin.

In X’s post, Sacks wrote:

“For the past 10 years, the federal government has sold about 195,000 Bitcoin for $ 336 million. If the government has a bitcoin, it will be worth more than $ 17 billion today. It costs a lot of US taxpayers in order not to have a long -term strategy. ”

In the last decade, the federal government has sold about 195,000 Bitcoin for $ 336 million. If the government has a bitcoin, it will be worth more than $ 17 billion today. It is how much it costs to avoid long -term strategies for US taxpayers.

-David Sacks (@davidsacks47) March 6, 2025

Strategic Chairman Michael Saylor replied: “We do not sell Bitcoin.” Since 2020, the strategy (formerly fine straight) has been actively purchasing Bitcoin. It currently has 499,096 bitcoin and is $ 4472 billion.

Encryption summit

When the White House is ready to hold the first encryption summit, the opinion of the sack comes.

So far, 20 encryption leaders have been invited to the event on March 7. According to Sacks, they decided to maintain numbers to have a “meaningful conversation” on encryption policies.

According to the initial report, US President Donald Trump will release a plan for the bitcoin preliminary strategy during the roundtable. In an interview, Howard Lutnick, Minister of Commerce, Commerce, Affairs and Commerce, said:

“Bitcoin Strategic Reserve is what the president is interested. He talked about everything in the campaign trail. He will see what he has run on Friday.”

Some of the people who attended VLAD TENEV, co -founder and CEO of Robinhod; Arjun Sethi, CEO of Kraken; Brian Armstrong, CEO of Coinbase; Cameron and Tyler Winklevoss, the founder of Gemini; Michael Saylor, chairman of the strategy.

We will also attend members of the presidential group on digital assets.

“Crypto Czar”

In December, Trump announced that sacks will be a major policy advisor to artificial intelligence and encryption.

Trump added that sacks will play the role of “two areas that are important in the future of American competitiveness.” Above all, he will study the legal framework, so he can thrive in the United States with a clear clarity required by the encryption industry. ”

Trump added that as part of his role, sack would focus on making the United States a “global leader” in the region, which Trump promised in the August campaign.


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