David Sacks: Started buying Bitcoin in 2013
David Sacks, the newly appointed White House AI and cryptocurrency director by Trump, forwarded his top 10 views on Bitcoin, including:
He started buying Bitcoin in 2013 when the price was only $130, and it has since risen by 76,000%;
He deeply understands the importance of Bitcoin as a decentralized currency and its role in hedging against fiat currency depreciation;
He believes that Satoshi Nakamoto should become a billionaire and highly recognizes the importance of his invention;
He is making a fictional movie about Satoshi Nakamoto, "similar to watching The Social Network without knowing who Mark Zuckerberg actually is";
He emphasizes the practicality of Bitcoin as a highly portable and non-seizable value storage tool;
He believes that Bitcoin may separate currency from the state;
He is not a Bitcoin extremist, but believes that Bitcoin's advantages may be most obvious among all cryptocurrencies, and its price and relative stability reflect this;
He has invested in Bitcoin companies such as Lightning Labs, Fold, Bitwise, and Bitgo through Craft Ventures;
He had not been interested in payments since PayPal, but then Bitcoin appeared, "Bitcoin is realizing the original vision of PayPal creating a new world currency";
He deeply understands the significance of Bitcoin as a digital scarcity invention.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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