[David Sacks Reveals Bitcoin Maximalist Tendencies, Emphasizing Value Storage Over Crypto Utility] March 9Th, Cryptocurrency Analyst @Goodalexander Commented On The Cryptocurrency Views Of White House Cryptocurrency And Ai Chief David Sacks In An Article, Stating, "Having Watched All Of Sacks' Interviews, Sacks Has Shown A Bitcoin Maximalist Tendency, Without Elaborating On The Path For The U.S. To Become A Unique 'Crypto Capital,' But At Least Avoiding Legal Repression And Bank Defunding. By Likening Bitcoin To A 'Digital Fort Knox,' He Reinforced Bitcoin'S Dominant Position. From Sacks' Remarks, It Is Apparent That The U.S. Has Not Prioritized Cryptocurrency Projects For Development, But Rather Focused On Stopping Bank Defunding And Providing Regulatory Guidance. The Tax Discussion Focused On The Best-Case Scenario Of Budget Neutrality—Meaning The Possibility Of Tax-Free Crypto Is Extremely Low. In The Digital Asset Custody Proposal, Bessent (Treasury Secretary) Effectively Serves As The Investment Manager For Confiscated Crypto Assets. When Asked Whether Budget-Neutral Acquisition Of Bitcoin Implies Selling Off Existing Reserve Assets To Invest In Bitcoin, Sacks Admitted That This Could Be The Case. This Is Bearish For Altcoins And Bullish For Bitcoin.""David Sacks Strongly Emphasizes Conflict Of Interest Prevention, Detailing That He Had Liquidated All Of His Crypto Assets (Including Venture Capital Shares) Before Engaging In Crypto Transactions. Sacks Advocates For Meme Coins To Undergo Disclosure Of Lack Of Utility, Similar To The Operating Model Of The Trump Family Nft Project, Almost Like A 'Reverse Securities Registration,' Emphasizing The Uniqueness Of Bitcoin: Satoshi Nakamoto'S 'Flawless Birth,' Fixed Supply, Decentralization, And A $20 Trillion Bug Bounty Mechanism After Ten Years—All Contributing To The Store Of Value Narrative, Without Involving Digital Cash, The Internet Of Value, Real-Time Payments, Digital Art, Or Defi.""Note That David Sacks Extensively Discusses The Uniqueness Of Bitcoin But Does Not Mention The Essential Reasons For The U.S. Needing A Crypto Policy (Such As Payment Infrastructure And Optimizing Wall Street Functions). Sometimes Silence Speaks More Than Words. When Turning To Digital Assets Outside Of Bitcoin, Sacks Emphasizes That Founders Must Disclose Their Holdings And Unlock Terms And, If Claiming To Be A Bitcoin Alternative (Such As Fixed Supply And Decentralization), Must Provide Some Form Of Guarantee. This Once Again Reinforces The Narrative Framework That 'Other Crypto Assets Fundamentally Serve As Store Of Value Tools.' In Other Words, In David Sacks' View, The Clear Goal Of Crypto Projects Is To Become Alternatives To Bitcoin—Operate Centralized In The Short Term But Have A Transition Period, Ultimately Becoming Decentralized Commodities.""Several Of Trump'S Sons Are Deeply Involved In Non-Bitcoin Crypto Activities, With Them Loudly Proclaiming That Trump'S Policies Will Benefit Altcoins, Including Retweeting 'Ada Xrp Sol' Tweets And Publicly Expressing Support For Tax-Free Crypto. Sacks, However, Claims That Trump'S Tweets Mentioning Ada, Xrp, And Sol 'Do Not Hold Deep Meaning,' Only Being The 'Top Five Market Cap Coins.' This Contradicts Eric Trump'S Active Campaigning. A Conflict Seems To Be Budding Between David Sacks And The Trump Family Members Deeply Involved In The Crypto Industry. The Previous View That 'U.S. Crypto Projects Have A Structural Advantage' May Be Wrong, But The Current Market Situation Is Still Better Than The Biden Administration. In The Long Term, The Rise In Crypto Market Prices Does Not Require Endorsement From The U.S. Government; Ceasing Full-Scale Prosecutions Is Already Bullish, But The Outcome Of This White House Summit Did Not Meet Expectations."