The “Crypto Czar” of the White House, David Sacks, says that the US government would have an extra $ 16.634 billion Bitcoin if the Ministry of Justice (DOJ) had held on its BTC.
Sacks notes that the federal government sold around 195,000 Bitcoin for $ 366 million, much less than it could have earned for the BTC today.
“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. “
The US government currently owns $ 17.05 billion in BTC, per data from the Blockchain analysis company Arkham.
Sacks previously served as Chief Operating Officer of PayPal (COO) and is a controversial venture capitalist who has invested in Airbnb, Palantir, Postmates, Reddit, Slack, SpaceX, Twitter, Uber, Uber and other Big-Note technology companies.
The US Marshals service usually sells the US Government-Sedise Bitcoin in auctions.
On Sunday, President Donald Trump confirmed that the US will set up a “crypto strategic reserve”, consisting of Bitcoin, Ethereum (ETH), XRP, Solana (SOL) and Cardano (Ada).
BTC acts at $ 87.104 at the time of writing. The top crypto assets per market hood has fallen by almost 8% in the last 24 hours, but has risen by more than 6.5% in the past week.
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