There is no plan yet to sell gold to buy more bitcoin, but the cabinet will decide: David Sachs

Crypto Crypto CZAR DAVID SACKS said on Friday that the Trump administration has not yet held any talks on the sale of government background assets such as gold to buy more bitcoin – but indicated that the main federal departments will weigh these considerations soon.

““There was no conversation about it,” said Sacks Decipher About potential plans to sell assets such as gold to acquire more bitcoin for the newly announced bitcoin reserve. “I see people who speculate on the Internet.”

“In the end, it will be up to the Secretary of the Treasury and also the Minister of Trade to determine whether there are neutral budget methods to add our bitcoin reserves,” he said. “But we have not had talks about what it might have yet.”

Last night, President Donald Trump signed an executive order that creates a Bitcoin strategic reserves That will carry near 200,000 BTC17 billion dollars at today’s prices The United States is in possession of criminal and civil confiscation.

However, it was clear that the cabinet and trade sections “Extra governmental BTC strategies must be developed, provided that these strategies are budget and do not impose gradual costs on taxpayers in the United States. “

The budget is a major adherent point for the White House, not only because of the general perception but also because the approval of Congress is generally required for initiatives that involve new uses of taxpayers’ money.

Earlier on Friday, a senior White House official He said Decipher This bitcoin “deserves a special treatment” on Altcoins like Ethereum, Solana, XRP and Cardano – because it is safer and more central, and has no source.

“You can think about [Bitcoin’s] The market value is worth $ 2 trillion like insect bonus – try to find holes in [network’s] Security, “Sachs said on Friday.” No one was able to do so. “

“So we think it is special,” he said.

While Bitcoin is in its own bond in the newly announced strategic reserve, other cryptocurrencies that the US government seized in civil and criminal sources will be assembled to create digital assets, according to the executive on Thursday.

The White House explained on Friday that while the United States government will establish indefinitely in a “digital fortress”, Altcoins can be sold in the stock of digital assets, according to the estimation of the Treasury Secretary.