David Sacks explains why the United States needs a strategic Bitcoin reserve: BTC is scarce and should maximize long-term value
White House AI and crypto chief David Sacks published his latest interview with Bloomberg on the X platform and captioned it "1 minute to explain why the United States needs a strategic Bitcoin reserve." David Sacks said, we (the United States) believe that Bitcoin is scarce, very valuable, and for the United States, holding Bitcoin has strategic significance. In the past, the U.S. government's strategies were temporary, just simple sales, but Bitcoin is a long-term reserve asset, so a long-term strategy is needed to maximize the value of Bitcoin.
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