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by cookszn 475 days ago
lol David Sacks sold all his crypto/divested before all this
3 comments

In the article it says:

> Sacks said that he has sold his personal crypto holdings.

I went to his twitter account, that's exactly what he said, but that does not mean the same thing as divesting from companies that hold crypto.

It also doesn't mean anyone he is related to has divested either.
its funny that:

how we know if he's telling the truth that he sold all his crypto currency

is there anyway to validate/audit this?

if there is, doesn't it mean crypto is not 'crypted'?

And that's good enough for you is it? Unverified claims, and no insight into who else benefits from his decisions?

His venture firm (Craft Ventures) previously invested in Bitwise Asset Management, and their top holdings include Bitcoin, Ethereum, Solana, XRP, and Cardano — the exact assets named by Trump for proposed inclusion in the strategic reserve.

Sorry, that's too on the nose. Especially with the nonsensical decision to include Ripple and Cardano.

Or, and here me out, those are the 5 biggest crypto coins.

So if you had to pick what to put into a reserve it would make sense that the 5 biggest coins would be there, no?

> Or, and here me out, those are the 5 biggest crypto coins.

How long has Cardano been a top five coin? Did you look at the marketcap chart and assume it had been there longer than a few days? Who owns the majority of Ripple?

> So if you had to pick what to put into a reserve it would make sense that the 5 biggest coins would be there, no?

Who decided five to begin with? And then I should actually refuse your logic and pick coins that weren't in the list of the five biggest?

Cardano has been a top 5 coin for 3-5 years now.

Ripple has been the same.

Bitwise has a methodology for picking their coins that takes the top 5 by market cap excluding Binance and stable coins.

This was all trivially googleable for you, you should take the time to look before you comment next time:(