Trump's Crypto Czar Is Solana's Bull
Sacks, the former chief operating officer of PayPal and current co-host of the business and technology podcast All-In, was nominated by Trump on December 5.
In addition to his interest in crypto and artificial intelligence, Sacks is known as a major investor in Solana and other crypto-related ventures.
In October 2021, on the 50th episode of All-In, Sacks publicly revealed that he had large quantities of Solana purchased at a discount.
At the time, he called SOL "the biggest turnaround" in late 2023, highlighting that he did not sell SOL following the collapse of FTX, which was linked to Solana due to its high exposure to SOL.
The supposed US crypto czar has made some bold statements about Solana, highlighting SOL's potential as an Ethereum competitor and a powerful smart contracts platform.
On the 50th episode of the All-In podcast in 2021, Sacks mentioned Solana's potential to surpass Ethereum as the preferred blockchain platform:
“There are a lot of people, I would say, smart money in Silicon Valley, betting on a turnaround where Solana could ultimately overtake Ethereum as the platform of choice.”
Is this suit a booster for the Solana universe? Leave your comment
