David Sacks (official crypto bro) acknowledges U.S. taxpayers took a $17B loss because their government sold seized Bitcoin.
Trump’s new Bitcoin Strategic Reserve aims to change that, treating Bitcoin like gold…maybe better: strategic, not for sale.
But is this a stroke of genius or a conflict of interest, given his own crypto ventures?
Hard to believe we’re living in a world where the U.S. has a strategic Bitcoin reserve; fine print and all.
It’s a turning point.
The government finally acknowledges the opportunity cost of selling Bitcoin too soon.
About time.