U.S. Missed Billions by Selling Seized Bitcoin, Says David Sacks
- The U.S. government has earned $366 million from selling seized Bitcoin.
- 195,000 Bitcoin sold could have been worth $17 billion today.
- The first government Bitcoin sale in 2014 involved 29,657 Bitcoin for $18.7 million.
- This initial sale would be valued at $2.6 billion now.
- David Sacks criticizes the lack of a long-term strategy for holding Bitcoin.
According to David Sacks, the U.S. government’s decision to sell its seized Bitcoin has cost taxpayers significantly, with potential gains reaching up to $17 billion if held over time.
Source (2.6)https://decrypt.co/308910/crypto-czar-david-sacks-says-u-s-can-hodl-bitcoin-ahead-of-white-house-summit?rand=52368
