Bitcoin had another wild ride this week, with prices swinging up and down as traders reacted to two big developments.

First, rumors are flying that President Trump may announce a Strategic Bitcoin Reserve at the White House Crypto Summit, sending prices soaring. Simultaneously, new import tariffs from Canada and Mexico sparked economic worries, leading to a risk-off.

Now, all eyes are on the summit to see if the U.S. is making a big move in Bitcoin. If the rumors turn out to be true, we will see another significant price shake-up.

Bitcoin is currently sitting at $88K.

David Sacks says “$17B lost” due to lack of crypto strategy

David Sacks has faced increased scrutiny since the announcement of the White House crypto summit, but his insights on government policy continue to resonate.

Highlighting the lack of a long-term strategy, he pointed out , “Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today.”

His remarks reinforce the significant financial impact of short-sighted decisions. He reiterates his steadfast support of digital assets, specifically Bitcoin.

MARA’s Bitcoin policy suggestions

As attention turns to March 7th’s White House Crypto Summit , Marathon Digital Holdings (MARA), the world’s largest Bitcoin miner by market cap, released six strategic recommendations for shaping U.S. Bitcoin policy.

Their analysis suggests that as global finance rapidly shifts toward digital assets, bitcoin is emerging as a vital strategic asset.

To safeguard financial sovereignty and economic resilience, the U.S. must take decisive action by expanding its bitcoin reserves, strengthening domestic mining capacity, and ensuring control over Blockspace and hashrate to prevent foreign adversaries from gaining undue influence. With the dollar’s dominance facing increasing challenges, policymakers must recognize Bitcoin’s critical role in national security, energy innovation, and the future of global finance.

MARA's recommendations include creating a U.S. strategic Bitcoin reserve, investing in domestic mining, and promoting self-sufficiency in mining technology. The firm also urges supportive regulations, leadership in global Bitcoin standards, and national security protection through hashrate control.

MARA's rationale is that by prioritizing these measures, the U.S. can strengthen its position as a global leader in digital finance.

BlackRock says 'not enough Bitcoin for every U.S. millionaire'

BlackRock analyst's praise for Bitcoin’s extreme scarcity is insanely bullish.

With only three to four million accessible BTC, there is not enough for every U.S. millionaire to own one.

Unlike gold, new supply can’t be created, making bitcoin even rarer. When the world’s largest asset manager points this out, it’s undeniably a clear signal that institutional demand is just getting started.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions. The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of TheStreet Crypto. This piece is for informational purposes only and should not be considered financial or investment advice.