White House AI and Crypto Czar David Sacks said the US could buy more Bitcoin if the government could fund the purchase in a “budget-neutral” method without taxation or increasing the growing national debt.
Sako said Gemini co-founders Cameron and Tyler Winklevoss during the May 27th Fireide Chat on Bitcoin Conference 2025 that while he is “can’t promise anything,” a path exists for the government to buy more bitcoin (Btc).
However, it will need convincing commercial Secretary Howard Lutnick or Treasury Secretary Scott Besson to buy it and fund it “without a new tax or additional debt,” Sacks said, added “probably by finding money from some other program that doesn’t use it – so we can get more bitcoins.”
“The question is, can we get either the Treasury Department or the Commercial Department to rejoice about it because if they do and they can figure out how to fund it, they have the true permission of the President,” Sacks said.
We can buy bitcoin if it’s not budget
The March 6 Executive Order Authorized the creation of a State of Crypto reserve it will hold whatever Bitcoin failed as part of the criminal or civil owner.
Sacks noted that part of the executive’s command “allowed the government to buy more” if it was “done in a neutral method”.
“Specifically, if either the Commerce department or the Treasury Department may know how to fund it without adding to the debt, they are allowed to create those programs,” he said.
The US is holding up to about 198,012 Bitcoin, According to In an April report from coingecko, worth it More than $ 21 billion in current prices.
Related: Trump supports the bill to buy 1 million BTC – Senator Lummis
Most of its holds come from two seizures connected to the online marketplace Silk Road, one in November 2020 to netted 69,370 Bitcoinand another in March 2022 who saw authorities scored 51,351 Bitcoin.
The US also took 94,636 Bitcoin From Bitfinex Hacker Ilya Lichtenstein On January 31, 2022, after the authorities hacked his cloud storage account, containing a file holding 2,000 Crypto wallet addresses and the corresponding private keys.
In January, the US justice department received green light to sell 198,109 bitcoin. In the past, the government sold a small portion of its holdings in March 2023, when it was offloaded 9,861 bitcoin for $ 215.7 million.
Magazine: Bitcoin payments are weakened by centralized stablecoins
