The Crypto Chief of Donald Trump, David Sacks, Revealed What He Said About Bitcoin Years Ago!

David Sacks, the newly appointed cryptocurrency advisor to the White House, recently retweeted a series of tweets shared on Twitter containing his past remarks about Bitcoin.

Here's what the new cryptocurrency chef said about BTC in the past.

• Sacks, who has been advocating for Bitcoin for years, revealed that he started buying Bitcoin in 2013 when the price was only $130. Today, while the price of Bitcoin has increased by over 76,000% since then, Sacks has clearly benefited from his early prediction. In 2013, Sacks had said, 'I am buying BTC'.

• The main theme in Sacks' tweets is the importance of Bitcoin as a decentralized currency. It emphasizes the role of safeguarding against inflationary pressures on traditional monetary systems, providing protection for those cautious about the depreciation of fiat currency.

• Sacks announced that he had prepared a feature-length fictional film about Satoshi Nakamoto, making a reference to Bitcoin's deep connection with history. He described the project as 'resembling watching The Social Network without knowing who the real Mark Zuckerberg character could be'.

• Sacks, stated that Bitcoin is an extremely portable and seizure-resistant store of value.

• Sacks sees Bitcoin as a tool that can fundamentally change the relationship between governments and money, and predicts the potential to separate money from the state.

• Sacks, venture capital firm Craft Ventures has made significant investments in Bitcoin-focused companies such as Lightning Labs, Fold, Bitwise, and Bitgo. Sacks, who evaluated his time at PayPal, stated that he never thought he would deal with payments again after leaving the company. However, Bitcoin changed this perspective. He sees Bitcoin as fulfilling PayPal's original vision of creating a new world currency.

• Finally, Sacks had stated that he believed Bitcoin represented the invention of digital scarcity.