David Sacks
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US AI/crypto policy figure (White House)
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Claims by David Sacks (2)
Senator Cynthia Lummis' Bitcoin strategic reserve bill proposes to establish a decentralized network of secure Bitcoin vaults operated by the US Treasury, implement a 1 million unit Bitcoin purchase program paid for by diversifying existing funds within the Federal Reserve and Treasury, and affirm self-custody rights of private Bitcoin holders.
If you could take any asset that has outperformed the stock market like Tesla, which has greatly outperformed gold in the last five years, you could theoretically transport Tesla stock virtually over countries and borders, yet we don't use Tesla stock as money, so Bitcoin outperformance doesn't prove it's better money.
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