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The first AI and encryption official in the United States, David Sacks, bought BTC in 2013 and recognized Satoshi Nakamoto as great.
Craft Ventures partner David Sacks will become Trump's 'White House AI and Cryptocurrency czar' and develop AI and Cryptocurrency policies for the Trump administration. He reposted his top ten BTC positions today, including buying BTC since 2013 and believing BTC is realizing PayPal's original vision of creating a new world currency. On December 6, US President-elect Trump announced that he would appoint Craft Ventures partner David Sacks, who supports Cryptocurrency, as the White House AI and Cryptocurrency czar. He will be responsible for developing AI and Cryptocurrency policies for the current government and focusing on making the US a global leader in these two fields. David Sacks is a South African-American entrepreneur, writer, and internet technology investor born in Cape Town, South Africa in 1972. As a general partner of venture capital fund Craft Ventures, he focuses on early-stage technology company investments. He also joined PayPal in 1999 as a product manager and served as COO. He is a member of the 'PayPal mafia'. David Sacks' top ten positions on BTC: 1. He began buying BTC in 2013 when the price was only $130. It has since risen by 76,000%. 2. He deeply understands the importance of BTC as a decentralized currency and the role of hedging fiat currency depreciation. 3. He believes that Satoshi Nakamoto should become a billionaire and highly recognizes the profoundness of his invention. 4. David O. Sacks Productions is making a feature-length fictional film about Satoshi Nakamoto. David Sacks has described the film as similar to watching 'The Social Network' without knowing who Mark Zuckerberg really is. 5. He emphasizes the practicality of BTC as a highly portable and non-seizable store of value tool. 6. He believes that BTC has the potential to separate money from the state. 7. He is not a BTC maximalist but believes that BTC's advantages may be the most obvious among all Cryptocurrencies, and its price and relative stability reflect this. 8. He has invested in BTC-related companies such as Lightning Labs, Fold, Bitwise, and Bitgo through his venture capital company Craft Ventures. 9. After leaving PayPal, he never thought he would be interested in payments again, but then BTC appeared and praised 'BTC is realizing PayPal's original vision of creating a new world currency.' 10. He deeply understands the importance of BTC as a digital scarcity invention. It is expected that he will promote the Cryptocurrency industry to deregulate after taking office. Given David Sacks' friendly position on Cryptocurrency, Bloomberg previously analyzed that after he became the White House AI and Cryptocurrency czar, he would help lead the realization of Trump's promise to relax Cryptocurrency industry regulation during the campaign. This role is expected to provide direct contact with the White House for Cryptocurrency advocates and serve as a liaison between Trump, Congress, and federal agencies related to digital assets.