At the Bitcoin 2025 conference, David Sacks, the White House’s AI and crypto czar, had a discussion with Gemini co-founders Cameron and Tyler Winklevoss about Trump’s strong pro-Bitcoin moves.
“I don’t want to measure what we accomplished exactly through price levels, I want to measure it through innovation levels. I noticed that BTC just set a new all time high and that was great to see,” he said.
Bitcoin recently broke through the $111K level and set a new record. It has held steady at $109K today, with rising institutional interest and ETF inflows. Traders are also betting on new highs in the coming months.
“Bitcoin, crypto, this is the financial system of the future. And we want this innovation to happen in the United States. We don’t want it driven offshore,” he said. “The president definitely got us off on the right foot and he wants to unleash oil and gas production in the US.”
Sacks also said that both artificial intelligence (AI) and Bitcoin mining require a lot of electricity to work. He stressed that the U.S. needs to boost energy production big time to keep leading in both tech fields.
In an interesting revelation, Sacks said that the government could purchase more Bitcoin if the Commerce or Treasury Department can find a way to fund it without increasing the debt.
Thousands of Bitcoin fans flooded Las Vegas this week for BTC Inc.’s annual conference. The event featured big names and there was a “5x” increase in participation on behalf of institutional investors from a year prior.
More countries are adopting Bitcoin, including Pakistan yesterday. Now, nine nations mine Bitcoin with government support. Fred Thiel, CEO of Marathon Digital Holdings said it’s time for the U.S. to join in. “It’s just like having a strategic oil or gold reserve,” he said.
David Sacks suggested it’s possible, but only if the Treasury or Commerce Dept. can do so without adding to the national debt.
Bitcoin mining uses energy-intensive computing; Sacks urged increased U.S. energy output to stay competitive in AI and crypto.
Institutional participation is up 5x from last year, signaling rising interest in Bitcoin as a long-term strategic investment.
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