Tech founders and Silicon Valley VCs who supported — and threw their money behind — Donald Trump are being handsomely rewarded by the President-elect.
Donald Trump has picked a crypto bull to advise him on AI and cryptocurrency policy. On Thursday evening, the president-elect took to Truth Social to share that he was appointing former PayPal COO David Sacks to serve as his “White House A.I. & Crypto Czar.” Trump said Sacks would also lead the Presidential Council of Advisors for Science and Technology.
President-elect Donald Trump says that VC and All-In podcast co-host David Sacks will be the “White House A.I. & Crypto Czar.”
Bitcoin has passed the $100,000 threshold for the first time. At approximately 9:39PM ET this evening, the cryptocurrency’s value hit six figures, moving it past the milestone for the first time in its nearly 16-year history. As of the morning of December 5th, the price has stayed well above that $100,000 mark, and Bitcoin's value has generally been steadily increasing over the past month or so. That's no guarantee it'll stay where it is, but it's clearly having a moment.
