David Sacks, the White House A.I. & Crypto Czar

in #trump2 months ago

I am trying to be smart, and that means thinking about who in the Trump administration will do what, and who will buy what, and what they are bullish on. So, that is why it is interesting to know that David Sachs who is appointed to be the White House A.I. & Crypto Czar has a podcast and in it he has spoken multiple times about Solana. Not only has he spoken about Solana, but also about him owning a lot of Solana, and how he didn't sell anything as Solana dumped after the FTX problems. He has also said that Solana might take the place of Ethereum with time, and it is quite easy to see that he likes Solana.

https://cryptobriefing.com/trump-backed-crypto-investments/

And then we had the World Liberty, Trump's company, that bought crypto for more than $70,000,000 yesterday. The biggest portion was Ethereum, but they also bought AAVE, TRX, LINK, and wBTC. Isn't that interesting?

tump back.png

These guys are big business men, so it is interesting to see what they will do about it. And it can easily be seen that Trump is lead by money and it doesn't seem to annoy him that he buys something and then pushes the price afterward (just like launching his own TRUMP meme-coin). It is crazy tactic and should be punished, but he still does it, and I must admit that I think he is ruining a lot for the industry with this. If the tokens would have been shared out nicely, that would have been different, but he owns 80% of the tokens himself and can dump them on the market and get a gigantic profit. So yes, that is tasteless. But, that also means that he is easier to predict, because if they buy something or appoint someone, we can be quite sure he will take advantage of it.

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Tangentially related did you catch Trump mentioning "Stargate" today?
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https://www.cbsnews.com/news/trump-announces-private-sector-ai-infrastructure-investment/

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