David Sacks says we may have lost us over $ 16 billion sells bitcoin

• David Sacks claims that we have now lost $ 16 billion by selling Bitcoin too early.
• Trump Executive Order has created a Bitcoin Strategic Reserve and a Digital Property.
• Bitcoin and other cryptocurrencies enrolled in the price of spikes after the Trump’s changes in crypt’s policy.

David Sackswhich President Donald Trump is appointed as the “CRIPTO CAAR” administrator, said that the Federal Government lost more than $ 16 billion by selling its Bitcoin too early.

“At one point, in time we had about 400,000 Bitcoin on the federal balance sheet. We sold about half of that for a total of $ 560 million,” Sack said on an episode All-in podcast On Friday. “If we kept all that, just to make the part we sold worth more than $ 17 billion.”

“So, we made this mistake too early to sell Bitcoin when we should keep it,” bags added. “We don’t want to make that mistake about the rest.”

Trump signed an executive order to establish on ThursdayStrategic Bitcoin Reserve“and” digital means of property supplies “to position us as a leader in the Crkritica industry. First, the white home was first accompanied”Cripto Summit “ On Friday, where the leaders of the industry like Sergei Nazarov, a chain chain, praised Trump to end the “negative regime” on digital property.

Sack said these new initiatives will include sales ban bitcoins Already at the federal balance sheet and storage in what he calls “Digital Fort Knok”. He also suggested that there was various cryptocurries in stocks that could be traded at the discretion of the Secretary of the Treasury to balance the portfolio. The bags added that any future crypto funds were seized by the federal law enforcement and preserved in the reserve.

In addition, the bags said that the secretaries for the treasury and trade will be designed to accumulate more bitcoin for reserves, but only if these strategies are the budget neutral and do not cost a taxpayer. Details of how it can happen to remain vague.

After the Trump Executive Order, Bitcoin prices briefly recovered after recent sale. Smaller currency like XRP, Solana and Cardano They saw the price of the Spike, then quickly the dunk after Trump called them as options to be included in the CRIPTO Stockpile.

David Bags and the Vault Department did not immediately answer the comment requests.