White House AI and crypto czar David Sacks recently sparked interest amongst cryptocurrency enthusiasts by suggesting that the United States could purchase more Bitcoin, but only if it could be funded in a “budget-neutral” way. The government’s Bitcoin involvement wouldn’t pressure taxpayers or contribute to the national debt.
During a May 27th fireside chat with Gemini co-founders, Cameron and Tyler Winklevoss at the Bitcoin 2025 conference, Sacks explored the possibility, stating that a pathway does exist to expand the government’s Bitcoin holdings without straining the budget. For this to transpire, either Commerce Secretary Howard Lutnick or Treasury Secretary Scott Besson would need to give their approval.
The US currently holds nearly 200,000 Bitcoin, equivalent to over $21 billion at current prices. The vast majority of these holdings were obtained from seizures connected to the online marketplace Silk Road. Despite the intriguing prospect of government expansion in Bitcoin investment, Sacks emphasized that he “can’t promise anything,” indicating that the US’s acquisition of more Bitcoin is, at present, still a hypothesis.
In conclusion, while the idea of the US government purchasing more Bitcoin without adding to the national debt is an exciting one, it is still, as yet, a speculation. As the power dynamics within the international cryptocurrency landscape continue to evolve, the US’s position and actions in this sphere will be closely watched and could potentially influence broader trends within the fintech space.
