‘We’ve decided Bitcoin is scarce, it’s valuable’ for US strategic reserve — David Sacks

Quick Summary:

Regarding ETH, SOL, XRP and ADA, "The president just mentioned the top five cryptocurrencies by market cap, so I think people are just reading into this a little bit too much,” said Sacks.

However, he acknowledged that the exact number of BTC held by the government is unknown because there’s never been a comprehensive audit.“We’re going to do a full government-wide audit to find out what digital assets we actually have so they can be safeguarded and moved into a strategy that maximizes their long-term value,” he said.

Sacks said the digital asset portfolio strategy could include the sale or even staking of digital assets based on the treasury secretary’s discretion.

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Article Details

Author / Journalist: Cointelegraph by Sam Bourgi

Category: Crypto

Markets: United StatesJapan

Topics: Reserve President Long-term Bitcoin Stockpile Asset Digital Sacks Audit Strategic “the

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 20:54:43 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 712 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 26761574

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