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Crypto Czar David Sacks Says US Government Lost $17B By Failing to Have Long-Term Bitcoin Strategy

  • White House Crypto Czar David Sacks claims that the United States lost $17 billion by not having a long-term Bitcoin strategy.
  • Over the last ten years, the US government sold over 195,000 BTC, which would be worth $17 billion today.
  • The government's earliest sale in 2014 involved 29,657 BTC priced at $632 per coin.
  • The US is now exploring the establishment of a national crypto reserve to avoid such losses in the future.

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