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- 🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
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David Sacks: Taxpayers suffer huge losses because the government lacks a long-term BTC strategy
PANews March 6 news, David Sacks, the White House's Artificial Intelligence and encryption affairs manager, and the 'encryption tsar,' stated in a post that over the past ten years, the U.S. federal government has sold a total of 195,000 BTC, with a cumulative profit of about 366 million U.S. dollars. However, if the government had held onto this portion of BTC long term, its current value would exceed 17 billion U.S. dollars. Sacks pointed out that the U.S. government lacks a long-term BTC strategy, resulting in significant potential losses for taxpayers.