The Crypto -T. Trump administration says that the US can swallow more Bitcoin (BTC) to add to the upcoming strategic reserve.
In a new interview on the all-in podcast, the renowned venture capitalist and crypto Tsar David Sacks says that the government could buy more of the best crypto assets per market capitalization to add to its strategic reserve if certain budget conditions are met.
“I am talking about treasury and commerce – they can find out strategies to collect more Bitcoin for the reserve if those strategies are budget -neutral and the taxpayer does not cost anything. It is therefore possible that we could do that, I am not saying that we will do that, but it authorizes them to acquire more Bitcoin if they can think of a way to do this that has no influence on the federal budget or the shortage or taxpayers. “
Last week President Donald Trump signed an Executive Order (EO) and created a strategic bitcoin and crypto reserve. The EO establishes a national BTC and Crypto -asset supply by seizing digital assets in criminal activities instead of auctioning them as previous practice was.
Last week, Sacks revealed that the American federal government lost dozens of billions of dollars to Bitcoin growth by selling a part of the BTC that it had in his possession. As mentioned by bags at the time,
“If the government had held the Bitcoin, it would be worth more than $ 17 billion today. That is how much the American taxpayers cost not to have a long -term strategy. “
According to data from Market Intelligence company Arkham, the federal government currently has around $ 16.4 billion in the Digital Activum flagship.
Bitcoin acts for $ 82,524 at the time of writing, a decrease of 3.2% in the day.
https://www.youtube.com/watch?v=rBOGJLPSDPY
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