White House Crypto Czar David Sacks Evaluating Bitcoin Reserve

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White House crypto czar, David Sacks, reiterated the United States of America is beginning a golden age in digital assets. The current administration also established a U.S. Sovereign Wealth Fund via executive order. The general consensus prior to Sack’s statements was the sovereign wealth fund will likely include Bitcoin.

Sacks stated, “We’re evaluating the idea of [a] Bitcoin reserve — this is one of the first things we’re going to look at in the admin. We’re still in very early stages of this, and I think the concept of the sovereign wealth fund is separate.” It would therefore appear a U.S. Strategic Bitcoin Reserve would be a separate reserve from the sovereign wealth fund.

(source)

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