David Sacks: Currently, there has been no discussion about selling gold reserves to buy Bitcoin, but we are willing to purchase more Bitcoin in a budget-neutral manner

White House Encryption and AI Director David Sacks made a statement before the cryptocurrency summit, saying: "The United States should have established Bitcoin reserves long ago. But our country did not formulate a long-term strategy, so we lost billions of dollars. All federal departments will immediately audit crypto assets and initiate the process of creating BTC reserves and crypto inventories. There has been no discussion about selling reserve assets such as gold to buy more Bitcoins yet, but we are willing to purchase more Bitcoins in a budget-neutral manner. This decision will be made by the Secretary of Treasury and Commerce."