- Trump’s crypto czar confirmed that they’ll conduct a BTC ($90,536.00) reserve feasibility.
- BTC dropped below $100K again after Sacks’ presser amid mixed community reactions.
President Donald Trump’s crypto and AI czar, David Sacks, held his first press conference on digital assets on the 4th of February, eliciting mixed views from the crypto community.
In a presser flanked by key congressional leaders, including Banking Committee Chair Tim Scott, Sacks noted that they’re ‘evaluating’ the feasibility of Bitcoin reserve. He said,
‘One of the things that the president instructed us to do is to evaluate the idea of Bitcoin reserve. We’re still waiting for some Cabinet Secretaries of the working group to be confirmed.”
The crypto chief also reiterated that the recently announced Sovereign Wealth Fund will be separate from the Bitcoin[BTC]
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