David Sacks, the "crypto czar" and head of the White House's crypto affairs, stated that the federal government has sold about 195,000 bitcoins over the past decade, earning $366 million. If the government had held these bitcoins, they would be worth over $17 billion today. He emphasized that this reflects the cost of lacking a long-term strategy for American taxpayers.
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David Sacks, the "crypto czar" and head of the White House's crypto affairs, stated that the federal government has sold about 195,000 bitcoins over the past decade, earning $366 million. If the government had held these bitcoins, they would be worth over $17 billion today. He emphasized that this reflects the cost of lacking a long-term strategy for American taxpayers.