Sacks on Trump’s Crypto Summit: ‘Bitcoin Has Proven Over Time To Be a Good Investment’ and Very Secure

RUSH TRANSCRIPT Hannity Tonight ░░░░░░░░ big news from the ░░░░░░░░ House It was announced ░░░░░░░░ 285 billion investment in ░░░░░░░░ inside the U S ░░░░░░░░ the president s brand ░░░░░░░░ Bitcoin reserve is up ░░░░░░░░ running ahead of Trump ░░░░░░░░ crypto summit from earlier ░░░░░░░░ Here to break it ░░░░░░░░ the presidents AI and ░░░░░░░░ leader is with us ░░░░░░░░ ve got a lot ░░░░░░░░ ask you because I ░░░░░░░░ invest in Bitcoin and ░░░░░░░░ theory him I watched ░░░░░░░░ fluctuations If you tried ░░░░░░░░ the entire hour to ░░░░░░░░ to me Bitcoin algorithm ░░░░░░░░ I have had friends ░░░░░░░░ hours trying to get ░░░░░░░░ through my thick skull ░░░░░░░░ will never be able ░░░░░░░░ penetrate the way my ░░░░░░░░ thinks and I will ░░░░░░░░ get an understanding of ░░░░░░░░ However it has proven ░░░░░░░░ be a pretty good ░░░░░░░░ for me What you ░░░░░░░░ of the presidents crypto ░░░░░░░░ what you make of ░░░░░░░░ fluctuations in the crypto ░░░░░░░░ SACKS Good to be ░░░░░░░░ You are right Bitcoin ░░░░░░░░ proven over time to ░░░░░░░░ a very good investment ░░░░░░░░ has proven to be ░░░░░░░░ secure The thing you ░░░░░░░░ to know about the ░░░░░░░░ and the protocol is ░░░░░░░░ it has worked Bitcoin ░░░░░░░░ been around for over ░░░░░░░░ years the price has ░░░░░░░░ up from basically zero ░░░░░░░░ roughly 90 000 per ░░░░░░░░ And we think this ░░░░░░░░ is scarce it s ░░░░░░░░ digital gold and we ░░░░░░░░ to keep it in ░░░░░░░░ digital fort knox But ░░░░░░░░ are talking about is ░░░░░░░░ that is already on ░░░░░░░░ federal balance sheet The ░░░░░░░░ government as a result ░░░░░░░░ civil and criminal seizures ░░░░░░░░ forfeitures had accumulated roughly ░░░░░░░░ 000 Bitcoin over the ░░░░░░░░ decade And unfortunately the ░░░░░░░░ government sold off roughly ░░░░░░░░ of that at very ░░░░░░░░ prices I think we ░░░░░░░░ something like 400 million ░░░░░░░░ less than 400 million ░░░░░░░░ if we had held ░░░░░░░░ Bitcoin it would be ░░░░░░░░ over 17 billion today ░░░░░░░░ has cost taxpayers dearly ░░░░░░░░ we do not have ░░░░░░░░ long term strategy So ░░░░░░░░ from has signed an ░░░░░░░░ order which we talked ░░░░░░░░ at the crypto summit ░░░░░░░░ create a strategic Bitcoin ░░░░░░░░ We think we have ░░░░░░░░ 200 000 Bitcoin left ░░░░░░░░ we want to maximize ░░░░░░░░ value of those in ░░░░░░░░ way you do is ░░░░░░░░ hold them for the ░░░░░░░░ term That s what ░░░░░░░░ re doing we are ░░░░░░░░ a digital fort knox ░░░░░░░░ I should say one ░░░░░░░░ thing we don t ░░░░░░░░ that there is 200 ░░░░░░░░ Bitcoin left because no ░░░░░░░░ has done a full ░░░░░░░░ complete accounting or audit ░░░░░░░░ that is one of ░░░░░░░░ things that President Trump ░░░░░░░░ directed is that we ░░░░░░░░ full accounting right away ░░░░░░░░ needs to be audited ░░░░░░░░ we need to maximize ░░░░░░░░ value of these assets ░░░░░░░░ the American people.”