Key Takeaways
- David Sacks called Bitcoin a potential way to separate money from state.
- Sacks was appointed Trump's AI and Cryptocurrency Advisor on Dec. 5.
- Sacks advocates for clear regulatory frameworks for digital assets.
David Sacks, newly appointed AI and Cryptocurrency Advisor to President-elect Donald Trump, hailed Bitcoin as a tool to separate money from state control.
Speaking to Anthony Pompliano, Sacks, a former PayPal executive, likened Bitcoin’s impact to the historical separation of church and state.
Sacks said:
We can’t really think of money without the state, but Bitcoin…it’s sort of this sci-fi future where you could maybe have these two things decoupled.
Bitcoin’s utility
He emphasized Bitcoin’s utility as a hedge against fiat inflation and its censorship-resistant properties, particularly in times of social unrest.
New administration
Trump’s announcement of Sacks’ appointment on December 5 was celebrated in the cryptocurrency community.
Sacks’ pro-crypto stance aligns with the nomination of Scott Bessent as Treasury Secretary, who recently affirmed:
The crypto economy is here to stay.
As a vocal advocate for digital assets, Sacks brings substantial experience to the role.
In his new role, Sacks is expected to play a key part in shaping regulatory frameworks for cryptocurrencies and AI.
