All eyes on Bitcoin and altcoins are on the crypto summit to be held at the White House on Friday.

While investors are wondering what announcements will come from tomorrow's big summit, a new post came from White House crypto advisor David Sacks.

Sharing about Bitcoins in the US from his X account, Sachs said that the US government sold 195,000 Bitcoins (BTC) for $366 million in the last decade, but if held, it would now be worth over $17 billion.

Sacks criticized the U.S.' lack of a long-term strategy, noting that U.S. taxpayers were paying the price for the government's decisions.

“Over the last decade, the federal government has sold approximately 195,000 Bitcoins for $366 million in proceeds.

If the government held Bitcoin, it would be worth over $17 billion today.

This is what it costs the American taxpayer not to have a long-term strategy.”

Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.

— David Sacks (@davidsacks47) March 6, 2025

*This is not investment advice.

Continue Reading: Bitcoin (BTC) Share from White House Advisor David Sacks Before the Critical Summit!