In a nutshell:
- AI and crypto head honcho David Sacks made a splashy appearance at Bitcoin 2025 in Vegas on Tuesday, proposing expansion of the Strategic Bitcoin Reserve with more Bitcoin, as long as it's budget-neutral.
- Sacks highlighted the Trump administration's dedication to Bitcoin and its efforts to deliver on campaign promises, such as the establishment of a Strategic Digital Asset Reserve that allows government purchases of more Bitcoin under certain conditions.
- Sacks pointed out that the future of AI and Bitcoin relies heavily on energy infrastructure, urging reinforced domestic power production to ensure U.S. leadership in emerging technologies.
SCENE
U.S. Official David Sacks, Known as AI and Crypto Czar, Suggests Possible Purchase of Additional Bitcoin by U.S.
David Sacks, the Trump administration's crypto and AI czar, poured champagne on the administration's pro-Bitcoin agenda Tuesday at the Bitcoin 2025 conference in Vegas. In an interview with the Winklevoss twins, Sacks lauded the bold steps Trump has taken to reshape U.S. crypto regulation, like establishing the Strategic Digital Asset Reserve.
He explained that budget-neutral expansion of the reserve is feasible if the Commerce or Treasury Departments could fund it without adding to the debt, perhaps by reallocating funds from other programs or discovering some secret stash.
Sacks shared other notable early wins in the administration's crypto crusade, from pardoning Ross Ulbricht to launching a week-one executive order bolstering U.S. digital asset influence. The order, for instance, prohibited central bank digital currencies, scrapped Operation Choke Point 2.0, and founded the President's Working Group on digital assets.
Sacks also quipped that nailing chilly Sen. Elizabeth Warren was the cherry on top of the sundae, as the administration defunded her beloved goons and set the stage for upcoming libertarian crypto legislation.
As the conversation turned to energy infrastructure, Sacks underscored the interconnectedness between AI and Bitcoin, claiming they both depend on electricity to run calculations and mine coins. With the growing demands of AI and Bitcoin, the United States needs to up its energy production, according to Sacks.
He suggested that "drill, baby, drill" was a solid starting point, but the U.S. definitely needs to power up to secure its place in the brave new digital world.
Sacks concluded by expressing optimism about the administration's crypto progress and the exciting future that awaits Bitcoin enthusiasts, hinting a moonshot might not be too far fetched.
Edited by Sebastian Sinclair
Your Daily Dose of Gossip, by the way.
Fun Fact:
Did you know that Bitcoin relies heavily on energy infrastructure? That's right, folks. Powering GPUs for AI data centers and Bitcoin ASICs to generate hash power isn't a walk in the park. To fuel the future of AI and crypto, the U.S. might need to ramp up its energy production significantly. So, is it time to greenlight some Drill, Baby, Drill, 2.0?
Sources:
- https://whitehouse.gov/executive-actions/executive-order-establishing-presidents-working-group-on-financial-markets/
- https://www.cnbc.com/2021/01/27/silicon-valley-braces-for-a-long-crypto-battle-with-washington.html
- https://www.wsj.com/articles/white-house-to-create-cryptocurrency-taskforce-to-explore-the-future-of-the-currency-and-regulatory-issues-11613522800
- With his champagne toast, David Sacks proudly endorsed the Trump administration's pro-Bitcoin agenda at Bitcoin 2025.
- Sacks applauded the establishment of the Strategic Digital Asset Reserve by the Trump administration, highlighting its potential for budget-neutral expansion.
- The adminstration's crypto crusade has yielded early wins such as pardoning Ross Ulbricht and launching an executive order to bolster U.S. digital asset influence.
- Sacks emphasized the interconnectedness of AI and Bitcoin, stating that both rely heavily on energy infrastructure and require substantial power production to maintain operations.
- The future of crypto innovation, including Bitcoin, Ethereum, and other digital assets, could benefit from increased U.S. energy production, according to Sacks.
- The ongoing development of technology in the crypto space, such as DeFi, stablecoins, and NFTs, demands attention to energy infrastructure for continued success.
- Crypto regulation lies at the intersection of technology, politics, and general-news, with policy decisions impacting the crypto portfolio of enthusiasts worldwide.
- As AI, crypto, and associated technologies continue to evolve, their role in shaping the future of the global economy and political landscape is increasingly apparent.
