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Image Credit: Coin Telegraph

Crypto czar Sacks says US could possibly ‘acquire more Bitcoin’

  • White House AI and crypto czar David Sacks suggests the US could buy more Bitcoin if the purchase is funded in a 'budget-neutral' manner.
  • Sacks mentions the need for approval from specific government officials to proceed without a new tax or increasing the national debt.
  • The US government holds around 198,012 Bitcoin worth over $21 billion, with most of it acquired from various seizures and hacking incidents.
  • The executive order from March 6 allows the government to purchase more Bitcoin if it's done in a budget-neutral way, giving potential for acquiring additional holdings.

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