White House Crypto/AI Czar David Sacks spoke at Bitcoin 2025 in Las Vegas. He put the onus for a Bitcoin Reserve on the Treasury and/or Commerce Departments. This is typical under a leader like Trump II, the digital Caligula. Underlings jostle to place themselves in the best light while throwing peers under the bus.
Queue up Commerce Chief Howard Lutnick to rapidly gush Trump love while pitching Treasury Secretary Scott Bessent under that Bitcoin reserve bus. Coming up from behind is Trump's Labor Secretary with her removal of government warnings on crypto in 401k's. Retirees can now join the Bitcoin lunar landing!
We get the idea that a Bitcoin reserve is coming and the Trump sons, Don Jr. and Eric, are poised to cash in on it via American Bitcoin. Trump doesn't really do anything other than bark orders, absorb adulation and insult anyone he perceives an obstacle or is slightly irritating.
In the last week Sacks offered two other saviors (besides Bitcoin) for the U.S. financial house, stablecoins and AI powered robots.
One should consider the fast talking Venture Capitalist is now in a government role, likely egged on by his digital Caligula boss. Sacks did break the party line about how great it will be to toss 7 million people off Medicaid.
Yes, the government is setting all those poor, many elderly, free from coverage. I'm sure the TechGods have it figured out how much propulsion is needed to get that wheelchair airborne. Fly, fly free from the burdens of healthcare insurance. We have lift, keep your feet on the pedals...oh, that was a bad landing.
As TechGods are all knowing, Sacks tracked the source of Biden's autopen to the U.S. Senate, with the possible help of Intelligence Chief Tulsi Gabbard and Elon Musk's Grok.
For these guys to be so smart, they say the stupidest things. It's all part of the job under Trump II, master of the savage whim.
Update 5-29-25: Bill Gross wrote:
Trump is making money for himself and family (via crypto) but risking financial stability in the future.
Update 6-12-25: Blue Teamer David Plouffe joined Coinbase's Global Advisory Council as two crypto/stablecoin bills advance in the House and Senate. A 401k specialist called opening up retirement accounts for crypto investments an "absolutely awful decision."
Politicians Red and Blue love PEU and their TechGod/CryptoBro brethren and increasingly, more are one.
