Crypto CZAR of the Trump administration says the United States can escalate from more bitcoin (BTC) to add it to its upcoming strategic reserves.
In a new interview on podcast, famous capitalist and Crypto Czar David Sacks He says The government will be allowed to purchase more of the best encryption assets by the maximum market to add it to its strategic reserves if some budget conditions are met.
“I am talking about the treasury and trade – they are allowed to discover strategies to collect more bitcoin for the reserve if these strategies are neutral in the budget and do not cost the taxpayer anything. Therefore, it is possible that we can be able to do so, I do not say that we will do so, but it allows them to obtain more bitcoin if they can know a way to do this does not affect the federal budget, deficit or motivation Taxes.
Last week, President Donald Trump signed an executive order (EO) creating the Bitcoin and Crypto Reserve. EO creates a national stock of BTC and Crypto by holding the digital assets seized from criminal activities instead of its auction as it was the previous practice.
Also last week, Sacks revealed that the US federal government lost tens of billions of dollars in Bitcoin’s growth by selling some of BTC in possession. As the bags mentioned at that time,
“If the government has detained bitcoin, its value will be more than $ 17 billion today. This is the amount of American taxpayers the cost of not having a long -term strategy.”
According to Market Intelligence Arkham data, the federal government is currently He carries About $ 16.4 billion of leading digital assets.
Bitcoin is trading $ 82,524 at the time of this report, by 3.2 % per day.
https://www.youtube.com/watch?
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Follow us xand Facebook and cable
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney