Crypto Czar Talks Bitcoin’s All-Time High, Reveals Trump’s Next Crypto Move

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Bitcoin: The New Gold Rush or Just Fool’s Gold? 💰🤔

At the illustrious Bitcoin 2025 conference, where the air was thick with ambition and the scent of freshly minted coins, David Sacks, the White House’s self-proclaimed AI and crypto czar, engaged in a tête-à-tête with the Winklevoss twins—Cameron and Tyler, those dashing digital duellists—about Trump’s unabashedly bullish Bitcoin antics. Ah, the drama! 🎭

“I don’t want to measure what we accomplished exactly through price levels, I want to measure it through innovation levels. I noticed that BTC just set a new all-time high and that was great to see,” he declared, as if he were unveiling a new Picasso rather than a mere cryptocurrency milestone.

Bitcoin, that capricious creature of the digital realm, recently shattered the $111K barrier, setting a new record that had traders dancing in the streets (or at least in their living rooms). Today, it has settled at a cozy $109K, buoyed by a swell of institutional interest and ETF inflows. Traders, those eternal optimists, are placing their bets on even loftier heights in the months to come. 🎉

Bitcoin – The Financial System of the Future (or So They Say)

“Bitcoin, crypto, this is the financial system of the future. And we want this innovation to happen in the United States. We don’t want it driven offshore,” he proclaimed, as if he were the captain of a ship steering clear of the Bermuda Triangle of financial ruin. “The president definitely got us off on the right foot and he wants to unleash oil and gas production in the US.”

Sacks, with a twinkle in his eye, also noted that both artificial intelligence (AI) and Bitcoin mining are ravenous beasts, devouring electricity like a toddler at a candy store. He emphasized that the U.S. must ramp up energy production to maintain its throne in these tech realms. ⚡️

Can The Government Purchase More BTC? The Plot Thickens!

In a revelation that could rival a soap opera twist, Sacks hinted that the government might just dip its toes into the Bitcoin pool—if the Commerce or Treasury Department can conjure up a way to fund it without adding to the national debt. Now, wouldn’t that be a magic trick? 🎩✨

Meanwhile, thousands of Bitcoin enthusiasts descended upon Las Vegas this week for BTC Inc.’s annual conference, a veritable carnival of crypto where participation from institutional investors surged by a staggering “5x” compared to last year. Talk about a party! 🎊

As if that weren’t enough, more countries are jumping on the Bitcoin bandwagon, with Pakistan joining the fray just yesterday. Now, nine nations are mining Bitcoin with government backing. Fred Thiel, the CEO of Marathon Digital Holdings, chimed in, suggesting it’s high time for the U.S. to join this digital gold rush. “It’s just like having a strategic oil or gold reserve,” he quipped, as if comparing Bitcoin to a fine wine rather than a volatile asset.

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2025-05-28 10:10