PANews reported on March 6 that David Sacks, the White House's head of artificial intelligence and encryption affairs and the "crypto czar," said in a post that over the past decade, the U.S. federal government has sold a total of 195,000 bitcoins, with a cumulative profit of approximately $366 million. However, if the government holds these bitcoins for a long time, they are currently worth more than $17 billion. Sacks pointed out that the U.S. government's lack of a long-term bitcoin strategy has caused taxpayers to suffer huge potential losses.