Mar 9, 2025

Gemini Cofounder Estimates David Sacks’ Missed Crypto Gains Over Four Years

The announcement of a U.S. Crypto Strategic Reserve has sparked controversy, with critics accusing crypto czar David Sacks of potential conflicts of interest. However, Gemini cofounder Cameron Winklevoss has stepped in to defend Sacks, revealing that he could miss out on nearly $1 billion in potential gains by divesting from crypto.

Sacks confirmed that he sold all his cryptocurrency holdings before taking his role as AI and Crypto Czar, ensuring he had no personal stake in the government’s crypto policies.

https://twitter.com/cameron/status/1898461323429830792?s=46

Sacks clarified that he liquidated his entire crypto portfolio, which included a total sell-off of $200 million with $85 million from personal assets. This sale included divesting from crypto funds like Bitwise and Blockchain Capital.

By avoiding any financial gains tied to policy shifts, Sacks reinforces his credibility, but at an immense personal financial cost.

Sacks Pushes New Crypto Policies Without Personal Gain

Since taking office, Sacks has been instrumental in reshaping U.S. crypto policy. He played a key role in organizing the White House Crypto Summit, which led to the creation of:

  • A Strategic Bitcoin Reserve to prevent the U.S. from liquidating its Bitcoin holdings.
  • A U.S. Digital Asset Stockpile aimed at increasing government exposure to digital assets.

Sacks has been vocal about the previous administration’s missteps, revealing that the U.S. lost over $17 billion from selling confiscated Bitcoin too soon. His efforts are expected to pave the way for greater institutional involvement, potentially driving Bitcoin and crypto prices to new all-time highs by the end of Trump’s first term.

Sacks’ Leadership and the Future of Bitcoin

The crypto industry is closely watching Sacks’ leadership as he helps guide a major shift in U.S. digital asset regulation.

While his personal decision to sell his holdings prevents financial conflicts, it also highlights Bitcoin’s long-term potential. If even one of crypto’s biggest policymakers is leaving $1 billion on the table, what does that say about Bitcoin’s trajectory?

Sacks’ case presents a key question for traditional investors: Is avoiding crypto exposure today a billion-dollar mistake in the making?

Explore more articles like this

Subscribe to the newsletter

CoinRock Media covers the latest crypto news, delving into the future of money.

Read More