Bitcoin Should Never Be Sold Says White House Crypto Czar

- The U.S. Government to Consider Bitcoin as a Strategic Reserve Asset. - Bitcoin Recognized as a Core Element of the New Economic and Financial System. [Unblock Media] According to statements by White House Crypto Czar David Sacks shared in a recent tweet by Michael Saylor, the U.S. government is considering Bitcoin as a strategic reserve asset and plans to establish a digital asset reserve warehouse. "Sacks emphasized, ‘The U.S. government believes Bitcoin is special—a unique store of value that we should never sell.’" This suggests that Bitcoin is recognized as a core component of the economic and financial system, beyond merely being an investment vehicle. In the traditional financial system, gold has long been considered a safe asset, but with the advent of the digital era, the notion that Bitcoin could replace gold is gaining traction. Some experts predict that Bitcoin could play a role similar to central banks' gold reserves. However, it is pointed out that Bitcoin inherently possesses high volatility and lacks regulatory clarity, which means it cannot provide the same stability as gold. For example, the recent sharp price fluctuations in the cryptocurrency market and the regulatory crackdowns in some countries support a skeptical view of Bitcoin as a safe asset. The concept of strategically storing digital assets, including Bitcoin, differs from traditional asset storage methods. Digital assets based on blockchain technology are easier to store and trade and can be operated stably without the control of governments or specific institutions thanks to decentralized networks. This potentially contributes to building a more transparent and efficient financial system. Nevertheless, despite the security offered by blockchain technology, risks associated with storing digital assets still exist. For instance, there have been reported cases of 51% attacks or hacks exploiting smart contract vulnerabilities, and if individual wallets are not secure, there are threats of privacy breaches or asset theft. Therefore, discussions on how the U.S. government will address these security issues in the process of storing Bitcoin are necessary. The U.S. government's stance of not only storing Bitcoin but also not selling it implies that Bitcoin is recognized as a long-term value storage means rather than a mere investment product. This could further strengthen Bitcoin’s position in the global financial market. Currently, Bitcoin is gaining trust from global investors based on its strong network effect, which shows the potential for Bitcoin’s value to become more robust in the long term. In conclusion, the U.S. government's plan to store Bitcoin could be a signal of a new financial paradigm, rather than a mere policy change. Whether Bitcoin will establish itself as a strategic asset like gold or still face challenges due to volatility and regulatory issues will depend on future policy directions and market reactions. However, one thing is clear: Bitcoin has the potential to become a significant pillar in the global financial order, beyond simply being a digital currency.