David Sacks highlights a potential $17 billion loss due to the US lacking a Bitcoin reserves strategy, impacting taxpayer gains.
Treasury and Commerce secretaries will explore buying more Bitcoin in a “budget neutral way,” but such conversations have not happened yet.
On-chain data has revealed that the United States government’s public wallets currently hold 198,109 Bitcoins, approximately $16.92 billion.
The U.S. would be in a better position today if Washington had held onto its seized Bitcoin, per White House Crypto and AI Czar David Sacks.
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