What Donald Trump’s Cryptocurrency Chief David Sacks Said About Bitcoin Years Ago Revealed!

newly appointed to the White House crypto para Advisor David Sacks recently retweeted a series of Tweets shared on Twitter that included what he had said about Bitcoin in the past.

Here’s what the new cryptocurrency chief has said about BTC in the past.

• Sacks, who has been advocating Bitcoin for years, announced that he started buying Bitcoin in 2013, when its price was only $130. Today, Sacks has clearly benefited from his early insight, with the price of Bitcoin up over 76,000% since then. “I’m buying BTC,” Sacks said in 2013.
• The main theme in Sacks’ tweets is the importance of Bitcoin as a decentralized currency. It highlights the role of fiat currency in protecting against depreciation, providing a hedge for those wary of inflationary pressures on traditional monetary systems.
• Sacks also expressed his admiration for Bitcoin’s anonymous founder, Satoshi Nakamoto, and said, “Satoshi Nakamoto deserves to be a billionaire.”
• Sacks announced that he was preparing a feature-length fictional film about Satoshi Nakamoto, making a reference to Bitcoin’s deep connection with its history. He described the project as “like watching The Social Network without knowing who the Mark Zuckerberg character might actually be.”

• Sacks stated that Bitcoin is a highly portable and unseizable store of value.
• Sacks sees Bitcoin as a tool that could fundamentally change the relationship between governments and money, and foresees its potential to separate money and state.
• Sacks has made significant investments in Bitcoin-focused companies such as Lightning Labs, Fold, Bitwise and Bitgo through his venture capital firm Craft Ventures.
• Reflecting on his time at PayPal, Sacks stated that he never thought he would deal with payments again after leaving the company. However, Bitcoin changed this perspective. He sees Bitcoin as fulfilling PayPal’s original vision of creating a new world currency.
• Finally, Sacks said he believes Bitcoin represents the invention of digital rarity.

*This is not investment advice.