A discussion on Bitcoin’s role as a store of value heated up after Donald Trump’s AI and crypto czar, David Sacks, called it an “excellent store of value” in a CNBC interview on Tuesday.
Sacks highlighted Bitcoin’s security and longevity, noting that it remained the strongest digital currency.
Binance founder CZ later responded, asking why the debate still existed, citing Bitcoin’s historical price growth.
Bitcoin’s Security and Market Reactions
During the interview, Sacks praised Bitcoin’s resilience, emphasizing that it has been around for over a decade without any security breaches. “It’s the original, it’s the strongest one. No one’s ever hacked it. No one’s ever cracked the security around it,” he said.
Beyond his endorsement of Bitcoin’s security, Sacks outlined the Trump administration’s wider crypto agenda in a separate press conference. One of the key proposals considered the creation of a national Bitcoin reserve—an initiative aligned with Trump’s pro-crypto campaign promises.
Related: Bitcoin Jumps Above $100K as Trump Pauses Tariffs, Announces Sovereign Wealth Fund
Crypto Market Reactions
Sacks’ comments sparked further discussion after crypto analyst Borovik shared the clip. Binance co-founder Changpeng “CZ” Zhao questioned why Bitcoin’s store-of-value status is still debated.
“Why do people even ask, ‘Is Bitcoin a good store of value?’” he wrote. In parallel, he shared a screenshot showing Bitcoin’s near-record price with a $2 trillion valuation.
CZ’s comment highlighted Bitcoin’s historical price appreciation and the increasing acceptance by institutional investors. The cryptocurrency rose over 201,298,793% since its early days, which reinforced its reputation as “digital gold.”
Regulatory Shifts and SEC Reorganization
Meanwhile, Sacks also addressed regulatory situations, revealing that he met with leaders in Congress to push for a definite set of rules for digital assets. “They were very committed to moving legislation through the House and Senate this year,” he told CNBC.
Related: SEC Tightens Reins on Enforcement: A Shift Towards Political Control?
Meanwhile, a major shift occurred within the U.S. Securities and Exchange Commission (SEC). The agency’s newly created crypto task force reassessed which digital assets qualified as securities, moving away from the “regulation by enforcement” approach under former Chair Gary Gensler.
Additionally, reports indicated the SEC scaled back its crypto enforcement unit, reassigning some of its lawyers to other departments.
Despite Bitcoin being central to major U.S. policy discussions, its price dipped 1.18% to $98,181. It struggled to rebound after China announced retaliatory measures against Trump’s tariff decision.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
