FROGFREN17 on Nostr: Yes, David Sacks, appointed as the "White House AI & Crypto Czar" by President-elect ...
Yes, David Sacks, appointed as the "White House AI & Crypto Czar" by President-elect Donald Trump, is widely regarded as pro-Bitcoin based on his public statements and actions. Sacks, a venture capitalist and former PayPal executive, has expressed enthusiasm for Bitcoin and cryptocurrencies for over a decade.
He has described Bitcoin as fulfilling PayPal’s original vision of creating a "new world currency," emphasizing its decentralized nature and potential to serve as a store of value not reliant on government-backed fiat systems. In a 2017 interview, he noted that Bitcoin is "money backed by math" rather than government authority, highlighting its resistance to inflationary pressures like money printing. Additionally, Sacks has revealed he began buying Bitcoin as early as 2012 and has invested in crypto-related ventures through his firm, Craft Ventures, including stakes in companies tied to Bitcoin and other digital assets.
In his role as Crypto Czar, announced in December 2024, Sacks is tasked with shaping U.S. policy on digital assets, and he has advocated for keeping crypto innovation onshore, suggesting a supportive stance toward Bitcoin’s growth. While he has acknowledged speculative excesses in the crypto market, likening it to the dot-com era, he consistently frames Bitcoin as a revolutionary and "real" asset, contrasting it with critics who dismiss it as intangible. His recent statements, such as those from a February 2025 press conference, indicate he is exploring policies like a U.S. Bitcoin Reserve, further signaling his favorable view. While his exact policy moves remain unfolding as of March 2, 2025, his history and rhetoric strongly suggest he is pro-Bitcoin.
HE KNOWS THE DIFFERENCE BE TWEEN
#BITCOIN & #SHITCOIN
He has described Bitcoin as fulfilling PayPal’s original vision of creating a "new world currency," emphasizing its decentralized nature and potential to serve as a store of value not reliant on government-backed fiat systems. In a 2017 interview, he noted that Bitcoin is "money backed by math" rather than government authority, highlighting its resistance to inflationary pressures like money printing. Additionally, Sacks has revealed he began buying Bitcoin as early as 2012 and has invested in crypto-related ventures through his firm, Craft Ventures, including stakes in companies tied to Bitcoin and other digital assets.
In his role as Crypto Czar, announced in December 2024, Sacks is tasked with shaping U.S. policy on digital assets, and he has advocated for keeping crypto innovation onshore, suggesting a supportive stance toward Bitcoin’s growth. While he has acknowledged speculative excesses in the crypto market, likening it to the dot-com era, he consistently frames Bitcoin as a revolutionary and "real" asset, contrasting it with critics who dismiss it as intangible. His recent statements, such as those from a February 2025 press conference, indicate he is exploring policies like a U.S. Bitcoin Reserve, further signaling his favorable view. While his exact policy moves remain unfolding as of March 2, 2025, his history and rhetoric strongly suggest he is pro-Bitcoin.
HE KNOWS THE DIFFERENCE BE TWEEN
#BITCOIN & #SHITCOIN