Sacks Press Conf 2.30pm ET (Patreon)

David Sacks, who works for the White House on AI and cryptocurrencies, is going to talk to reporters today, February 4, 2025.

Market is excited - I think we should not get too excited. While I believe David understands game theory, and if you're not first your last, I also understand that he understands that government works slowly. Here's what he might talk about:

1) Sacks will probably explain how the U.S. government, under President Trump, wants to be the best in the world at dealing with digital money like Bitcoin. This includes making rules, encouraging new ideas, and thinking about how to keep the country safe when it comes to digital currencies.

2) There's talk about maybe setting up a special reserve for Bitcoin, but it's not sure if he'll say anything final about it today. They're still looking into it after President Trump asked them to.

3) He might also discuss other big crypto ideas, like when new laws might happen, and if the government should add BTC to its new Sovereign Wealth Fund...

4) Sacks might talk about making these rules faster, with help from important lawmakers and groups like the SEC and CFTC.

So, while Sacks will likely talk about Bitcoin and how it fits into U.S. plans, we don't know for sure if he'll announce anything specific about a Bitcoin reserve. So dont get too excited...Some folks are already like this fellow... I hope i am wrong and he is right but normaly when expectations are high dissappointment and sell offs follow