Crypto Czar’s Hilarious Claims: Did He Really Sell It All? 🤔💰

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So, David Sacks, the guy who’s now the White House AI and Crypto Czar—yeah, that’s a thing—claims he sold all his crypto before stepping into this gig. Right, because who wouldn’t want to divest from a volatile market before taking a government job? Sounds legit! 🙄

But wait! Community Notes, the self-appointed truth squad, is raising eyebrows. They’re like, “Hold on a second, buddy!” Sacks, in classic fashion, fires back, calling them liars. I mean, who doesn’t love a good Twitter spat? It’s like watching a reality show, but with more spreadsheets! 📊

Crypto czar says he sold his crypto bags

So, Sacks responds to a tweet from Financial Times’ George Hammond, who’s waving around a screenshot like it’s a trophy. Apparently, Sacks sold all his crypto right after Trump’s inauguration. I mean, what a coincidence! It’s almost like he had a plan or something. 🤔

He insists he sold everything—Bitcoin, Ethereum, Solana—basically the holy trinity of crypto. But he conveniently skips mentioning ADA and XRP. Maybe he forgot? Or maybe he just didn’t want to deal with the drama. Who can blame him? 😅

Correct. I sold all my cryptocurrency (including BTC, ETH, and SOL) prior to the start of the administration.

— David Sacks (@DavidSacks) March 3, 2025

Then, Trump announces a strategic cryptocurrency reserve, and suddenly Bitcoin’s price is doing the cha-cha, jumping from $85,450 to $94,290. It’s like a rollercoaster ride, but with more heart palpitations! 🎢

XRP is also having a moment, soaring by 24.28%—but then it’s like, “Just kidding!” and drops down. ETH is playing the same game, spiking and then plummeting. It’s like watching a soap opera, but with more volatility! 📉

Community Notes accuses crypto czar, Sacks strikes back

Now, Community Notes is back at it, claiming Sacks still owns Bitcoin ETFs. Sacks, of course, is not having it. He’s like, “That’s a lie!” It’s like a game of ‘who’s telling the truth’—and spoiler alert: nobody really knows! 😆

He insists he sold his Bitwise ETF shares on January 22. “I don’t have large indirect holdings,” he says. Sure, buddy, we believe you. Just like we believe in unicorns! 🦄

This community note is a lie. I had a $74k position in the Bitwise ETF which I sold on January 22. I do not have “large indirect holdings.” I’ll provide an update at the end of the ethics process.

— David Sacks (@DavidSacks) March 3, 2025

For Sacks, it’s crucial to shed those crypto assets. I mean, how can you be a crypto czar if you’re holding onto crypto? It’s like being a vegan chef who secretly loves steak. Talk about a credibility crisis! 🍖

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2025-03-03 15:18