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The cryptographic of the White House, Tsar David Sacks, has further explained the decision of the United States government to treat bitcoin as a special reserve asset, describing him from a “scarce” digital resource that could benefit the country in the long term.
In a March 7 interview with Bloomberg technologySacks said: “We have decided that bitcoin is scarce, it is valuable and that it is strategic for the United States to cling to this as a long -term reserve asset.”
Sacks specifically referred to the approximately 200,000 bitcoin (btc) currently in possession of the United States government. However, he acknowledged that the exact number of btc held by the Government is unknown because there has never been a comprehensive audit.
“We are going to make a complete audit throughout the government to discover which digital assets we really have so that they can be safeguarded and transferred to a strategy that maximizes their long -term value,” he said.
David Sacks said the United States government will build a reserve of strategic digital assets. Fountain: Bloomberg technology
The executive order of March 6 of President Donald Trump who asks for a strategic bitcoin reserve and the storage of digital assets ordered federal agencies to carry out a complete audit of their cryptocurrency holdings.
With regard to the Digital Assets Reserve, “the difference there is that the Treasury Secretary (Scott Besent) will exercise responsible administration on those assets, and has the discretion of recovering the portfolio or selling items in that portfolio, but that is not true for bitcoin,” the Sacks said.
With the bitcoin reserve, the “objective is long -term preservation,” he said. “With the reservation, the objective is (…) portfolio management, in essence.”
Sacks said that the digital asset portfolio strategy could include the sale or even the participation of digital assets based on the discretion of the Treasury Secretary.
Sacks did not highlight any particular alternative and was warned against reading too much in the announcement of March 2 of President Trump declaring Ethher (eth), Solana (Sol), XRP (XRP) and Cardano (ADA) as part of the reserve.
“The president has just mentioned the five main cryptocurrencies for market capitalization, so I think people are only reading this too much,” said Sacks. Ultimately, a decision on which assets will include depending on the audit of the entire government.
Fountain: <a target="_blank" data-ct-non-breakable="null" href="https://x.com/davidsacks47/status/1897843050367406380″ rel=”null” target=”null” text=”null” title=”https://x.com/davidsacks47/status/1897843050367406380″>SACKS OF DAVID
Related: David Sacks laments the sale of the United States government of bitcoin
The industry responds
Trump's executive order and Sacks's comment could not provide a short -term impulse to bitcoin and crypto prices, but that could be about to change as markets fully dissect the importance of the latest US policies developments.
https://www.youtube.com/watch?v=av7xioy4ZVC
Joe Kelly, CEO of bitcoin Financial Services Company Unchained, told Cointelegraph: “Markets can still be cautious until we see the scale and strategy behind this accumulation, but the biggest image is not about short -term price movements.” Added:
“What will really shape bitcoin's role in the global financial system is a clear and structured regulation that allows innovation to bloom. With the correct framework, bitcoin's long -term impact will extend far beyond the price action: remodeling capital markets, financial sovereignty and the very concept of reserves. “
Aurelie Barthere, Nansen's main research analyst, said a sentence of the executive order <a target="_blank" data-ct-non-breakable="null" href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-establishes-the-strategic-bitcoin-reserve-and-u-s-digital-asset-stockpile/” rel=”null” target=”null” text=”null” title=”null”>Information sheet As “slightly optimistic for btc” in the short term: “Treasury and Commerce secretaries are authorized to develop neutral budget strategies to acquire additional bitcoin.”
“Does this mean a possible exchange of assets, for example, from euro to Japanese to bitcoin?” Barthere asked.
Beyond the exaggeration of the executive order, Barthere said that bitcoin's price action is being influenced by macroeconomic conditions, including the economy and possible changes in the Federal Reserve policy.
“The recent recoil of bitcoin's prices was inevitable, since I predicted at the beginning of the year, since the broader financial market needed to digest the impacts of Trump's tariff policy,” said CK Zheng, former chief of world risk of Credit Suisse and founder of ZX Squared Capital.
“I think bitcoin is currently in the background process in the short term and will recover up to 2025 as more rules and pro-crypt regulations are deployed,” Zheng said.
Zheng believes that bitcoin's strategic reserve can serve as a catalyst for the future adoption of the nation-state.
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