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US Crypto Czar "Studying the Feasibility of Bitcoin (BTC) Reserves"

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JH Kim
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  • David Sachs stated that they are studying the feasibility of Bitcoin (BTC) reserves.
  • Virtual asset experts believe that the reserve study of BTC could significantly impact the market in the future.
  • BTC is trading at $98,187.41, down 3.48% from the previous day, based on the Binance USDT market.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

According to the virtual asset (cryptocurrency) market insight platform Unfolded, on the 4th (local time), David Sachs, the Trump Administration's virtual asset and AI chief (Crypto Czar), stated that they are "studying the feasibility of Bitcoin (BTC) reserves."

Meanwhile, BTC is trading at $98,187.41, down 3.48% from the previous day, based on the Binance Tether (USDT) market as of 5:02 on the 5th.

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