David Sachs, appointed as a White House advisor on cryptocurrency and artificial intelligence, called Bitcoin the financial system of the future. At the Bitcoin 2025 conference in Las Vegas, he stated that Bitcoin can separate money from government control, similar to the separation of church and state, ensuring the resilience and independence of the financial system.
Sachs, former director of PayPal and founder of the venture firm Craft Ventures, emphasized the uniqueness of Bitcoin as a store of value, as its security has yet to be compromised.
He also announced the possibility of expanding the U.S. strategic Bitcoin reserve through new purchases, if it does not burden the budget. According to him, the U.S. lost $17 billion from selling 195,000 BTC for $366 million in previous years, highlighting the importance of a long-term strategy. Sachs called for the establishment of a clear regulatory framework for the crypto market to preserve innovation in the U.S. and strengthen the country's leadership in this area.
These statements elicited a positive market response, although Bitcoin temporarily fell below $100,000 due to trading restrictions. Sachs supports the development of stablecoins and opposes the debanking of crypto projects, which can contribute to the mass adoption of cryptocurrencies.
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