White House Advisor David Sacks Shares Critical Bitcoin (BTC) Summit Ahead!

Eyes are on the cryptocurrency summit to be held at the White House on Friday in Bitcoin and altcoins.

As investors wonder what announcements will come from the big summit tomorrow, new sharing comes from White House crypto advisor David Sacks.

Sachs, who shared about the Bitcoins held by the US from Account X, stated that the US government sold 195,000 Bitcoins for $366 million in the last decade, but if held, it would now have a value of over $17 billion.

Sacks criticized the lack of a long-term strategy in the US, stating that US taxpayers pay the cost of government decisions.

In the last decade, the federal government sold approximately 195,000 Bitcoins for revenue of $366 million.

If the government had held Bitcoin, today its value would be over 17 billion dollars.

The cost to American taxpayers of not having a long-term strategy is this much.

Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.

— David Sacks (@davidsacks47) March 6, 2025