The US authorities might have missed out on a staggering $17 billion by liquidating its Bitcoin holdings as a substitute of holding them long-term, in accordance with White Home AI and Crypto Tzar David Sacks.
In a March 6 put up on X, Sacks referenced an AI chatbot Grok evaluation, which confirmed that the federal authorities offloaded Bitcoin on a number of events between June 2014 and March 2023, with complete gross sales reaching 195,091.75 BTC.
The proceeds from these transactions amounted to roughly $366.49 million, although costs assorted at totally different factors.
Nevertheless, if the federal government had retained the property till March 2025, their estimated worth would have climbed to $17.6 billion at Bitcoin’s present worth of $90,204 per BTC. This means a missed revenue of greater than $17.2 billion.
A good portion of those Bitcoin gross sales got here from confiscated property, together with these tied to the notorious Silk Highway case. The various timing of those liquidations performed a key position in limiting potential returns.
Sacks argued that this short-term strategy had considerably value American taxpayers. He identified the shortage of a long-term Bitcoin technique, highlighting how poor timing in asset liquidation had decreased potential returns.
Regardless of these gross sales, knowledge from BitcoinTreasuries reveals that the US authorities nonetheless holds 198,109, valued at roughly $17.80 billion primarily based on present market costs.
In the meantime, Sacks’ feedback emerge because the Donald Trump-led US authorities explores the creation of a crypto reserve, which would come with Bitcoin, Ethereum, XRP, and Solana. This transfer hints at a shift in technique, probably recognizing the long-term worth of digital property.