Key dealers
- David Sacks sold his entire portfolio of Bitcoin, Ether and Solana before joining the Trump administration.
- The White House aims to position the United States as a global crypto leader through its introductory crypto top, which is chairman of sacks.
David Sacks, the White House AI and Crypto Czar, today confirmed that he had sold his entire portfolio of digital assets, including Bitcoin, Ether and Solana, before joining the Trump administration.
“I sold all my Cryptocurrency (including BTC, ETH and SOL) before the beginning of the administration,” Sacks abandoned In response to FT correspondent George Hammond’s tweet, who reported that Trump’s Crypto Czar had sold his personal crypto holdings.
While Sack’s venture capital company, Craft Ventures, maintains investments in Krypto startups, both he and the company have divested their direct crypto holdings after Trump’s inauguration.
Bags are set to chair Initial white house’s crypto summit Next Friday, which will combine crypto industry leaders with the president’s working group for digital assets. The summit is part of the administration’s initiative to position the United States as a global crypto leader and develop clear regulatory guidelines for the industry.
A prolonged cryptoinvestor
Sacks is a long-lasting bitcoin investor and looks at crypto assets as a development of PayPal’s original vision of creating a “database of money.” His venture capital companies have invested in institutional custody through Bitgo and Crypto-focused hedge fund Multicoin Capital.
“What Bitcoin offers is another type of currency where it is not supported by a government; It is supported by mathematics; its congenital through encryption. You don’t have to trust the government. There will only be 21 million BTC. You just have to trust it Bitcoin won’t do it Get cracked, “bags mentioned In an interview with Anthony Pompliano.
Sacks are known to be Bullish at Solana, after investing in it through multicoin. He retained his solar position despite market turbulence and reported significant returns from this investment. In a podcast, he mentioned that this investment generated returns of approximately $ 1 billion.
