David Sacks on Bitcoin Reserves Again: The Key is How to Fund it Through the Treasury or Commerce Department
According to ChainCatcher, as reported by Cointelegraph, during a fireside chat at the Bitcoin 2025 conference, the White House's head of crypto affairs, David Sacks, told the two co-founders of Gemini that while he "cannot promise anything," the U.S. government does have avenues to purchase more Bitcoin. If the government can fund the purchase in a "budget-neutral" manner without taxing or increasing the ever-growing national debt, then the U.S. can buy more Bitcoin.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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