David Sacks: There is no discussion of selling reserves such as gold to buy Bitcoin, but is willing to buy more Bitcoin in a budget-neutral way

avatar
ODAILY
03-07
This article is machine translated
Show original
Odaily: White House crypto and AI chief David Sacks issued a statement before the cryptocurrency summit, saying: "The United States should have set up a Bitcoin reserve long ago. But our country has not developed a long-term strategy, and as a result, we have lost billions of dollars. All federal agencies will immediately audit crypto assets and initiate the process of creating a BTC reserve and crypto inventory. There has been no discussion yet of selling gold and other reserve assets to buy more Bitcoin, but we are willing to purchase more Bitcoin in a budget-neutral manner. This decision will be made by the Secretary of the Treasury and the Secretary of Commerce."

BTC
0.64%
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo