White House Crypto Summit: Bitcoin Strategy, $17B Loss, and BlackRock’s Supply Warning

Bitcoin remains a focal point in financial and political discussions as the White House Crypto Summit nears. Market speculation is growing over whether the U.S. government will announce a Strategic Bitcoin Reserve, a move that could reshape digital asset policies. Meanwhile, concerns over new import tariffs from Canada and Mexico have added to market volatility, causing fluctuations in Bitcoin’s price, currently at $88,000.

David Sacks Calls Out the U.S. for Losing Billions on Bitcoin Sales

Investor and entrepreneur David Sacks has reignited the debate on government Bitcoin holdings, highlighting a $17 billion missed opportunity.

Over the past decade, the U.S. government sold 195,000 Bitcoin for just $366 million. Had these holdings been retained, their value would now exceed $17 billion. Sacks argues that this reflects a lack of long-term vision, reinforcing the need for a revised national Bitcoin strategy that considers digital assets as a store of value rather than a short-term revenue source.

Marathon Digital Pushes for U.S. Bitcoin Dominance

Ahead of the March 7 White House Crypto Summit, Marathon Digital Holdings (MARA), the world’s largest publicly traded Bitcoin miner, has put forward a six-point Bitcoin policy framework urging the U.S. to solidify its leadership in the digital asset space.

Marathon’s recommendations include:

• Creating a U.S. Bitcoin Reserve to strengthen economic stability

• Expanding domestic Bitcoin mining operations to maintain global influence

• Controlling mining power (hashrate) within the U.S. to prevent foreign dominance

• Investing in homegrown Bitcoin mining technology to reduce reliance on imports

• Developing regulatory clarity that fosters Bitcoin adoption

• Taking an active role in shaping international Bitcoin policies

Marathon argues that without decisive action, the U.S. risks losing its competitive edge in financial technology, national security, and economic resilience.

BlackRock Warns There Isn’t Enough Bitcoin for Every Millionaire

The world’s largest asset manager, BlackRock, has underscored Bitcoin’s scarcity as a defining factor in its long-term value. Analysts emphasize that with only 3 to 4 million Bitcoin easily accessible, there is simply not enough for every U.S. millionaire to own even a single coin.

Unlike gold, Bitcoin’s supply is capped at 21 million coins, making it one of the scarcest financial assets in existence. BlackRock’s stance suggests that institutional interest in Bitcoin is still in its early stages, with demand likely to increase as availability tightens.

Market Awaits White House Decision on Bitcoin Strategy

With the White House Crypto Summit approaching, industry experts, policymakers, and institutional investors are closely monitoring potential policy shifts. If the U.S. announces a Strategic Bitcoin Reserve, it could trigger a significant price movement in the crypto market.

For now, Bitcoin continues to hover around $88,000, but a major policy decision could mark a turning point in how the U.S. approaches digital assets.

Also Read: Crypto Industry Eyes Trump’s Summit for Key U.S. Policy Changes