The first AI and encryption official in the United States》David Sacks bought BTC in 2013 and believed that Satoshi Nakamoto was great

US President-elect Trump announced on the 6th that he will appoint David Sacks, a partner at Craft Ventures who is a supporter of cryptocurrencies, as the White House's AI and Cryptocurrency Czar. He will be responsible for formulating AI and cryptocurrency policies for the new administration, focusing on making the US a global leader in these two fields.

David Sacks is a South African-American entrepreneur, writer, and internet technology investor, born in Cape Town, South Africa in 1972. As a general partner of the venture capital fund Craft Ventures, he focuses on investing in early-stage technology companies. He joined PayPal in 1999 as a product manager and later served as Chief Operating Officer, being a member of the "PayPal Mafia".

David Sacks' Ten Perspectives on Bitcoin

As David Sacks is set to become the AI and Cryptocurrency Czar, his stance on Bitcoin has drawn much attention. He has also retweeted a summary by Eli Nagar, the CEO of BraiinsMining, of his own ten perspectives on Bitcoin.

David Sacks' ten perspectives include:

1. He started buying Bitcoin in 2013 when the price was only $130, and the value has since increased by 76,000%
2. He has a deep understanding of the importance of Bitcoin as a decentralized currency and its role in hedging against fiat currency devaluation
3. He believes that Satoshi Nakamoto should be a billionaire, and highly recognizes the profundity of his invention
4. David O. Sacks Productions is producing a feature-length fictional film about Satoshi Nakamoto, which Sacks has described as being similar to watching the film "The Social Network," but without knowing who the real Mark Zuckerberg is
5. He emphasizes the practical utility of Bitcoin as a highly portable and non-confiscatable store of value
6. He believes Bitcoin has the potential to separate money and state
7. He is not a Bitcoin maximalist, but believes Bitcoin's advantages may be the most pronounced among all cryptocurrencies, as reflected in its price and relative stability
8. He has invested in Bitcoin-related companies such as Lightning Labs, Fold, Bitwise, and Bitgo through his venture capital firm Craft Ventures
9. After leaving PayPal, he never thought he would be interested in payments again, but then Bitcoin emerged, and he praises "Bitcoin as realizing the original vision of PayPal to create a new world currency"
10. He deeply understands the significance of Bitcoin as a digital scarcity invention.

Expected to Promote Deregulation of the Cryptocurrency Industry Upon Taking Office

Given David Sacks' friendly stance towards cryptocurrencies, Bloomberg previously analyzed that upon taking office as the AI and Cryptocurrency Czar, he will help to implement Trump's campaign promise of relaxing regulations on the cryptocurrency industry. This role is expected to provide cryptocurrency advocates with direct access to the White House and serve as a liaison between Trump, Congress, and federal agencies related to digital assets.