Trump's crypto czar decries government's lack of bitcoin 'long-term strategy'

Published On Mar 6, 2025, 12:57 PM

David Sacks, tasked by Trump as the White House's crypto czar, criticized the government for not having a long-term strategy for Bitcoin, stating that the sale of nearly 195,000 BTC for $366 million has cost taxpayers significantly. He pointed out that if the government had held onto the Bitcoin, it would be worth over $17 billion today. Sacks highlighted the need for a strategic reserve involving Bitcoin and expressed that the upcoming crypto summit will discuss further developments related to digital assets under Trump's administration.