At the Bitcoin 2025 conference, **David Sacks**, the White House’s AI and crypto czar, discussed Trump’s support for Bitcoin with Gemini co-founders Cameron and Tyler Winklevoss.
Sacks mentioned that he values innovation over price levels and was pleased to see Bitcoin reach a new all-time high.
Bitcoin recently hit a record-breaking $111K, remaining stable at $109K today. It is attracting institutional interest, ETF inflows, and traders are anticipating further highs.
Sacks believes that Bitcoin and crypto represent the future financial system. He emphasized the importance of fostering this innovation within the United States to prevent it from moving overseas.
According to Sacks, both AI and Bitcoin mining demand substantial energy resources. He highlighted the necessity for the U.S. to ramp up energy production to maintain its leadership in these technological domains.
Sacks hinted at the possibility of the government acquiring more Bitcoin if the Commerce or Treasury Department can secure funding without increasing the national debt.
BTC Inc.’s annual conference in Las Vegas drew thousands of Bitcoin enthusiasts this week, with a notable 5x increase in institutional investor participation compared to the previous year.
More countries, including Pakistan, are embracing Bitcoin, with nine nations now supporting Bitcoin mining. Marathon Digital Holdings CEO Fred Thiel suggested that the U.S. should follow suit, likening it to establishing a strategic oil or gold reserve.
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