Yigit Taha OZTURK 
David Sacks, the former PayPal executive and newly appointed “Crypto Czar” by President-elect Donald Trump, is making waves in the blockchain world. Known for his bold investments, Sacks has emerged as a prominent supporter of Solana (SOL) and an early backer of Multicoin Capital, a firm heavily focused on Solana-related ventures.
Sacks, who now serves as Trump’s White House AI & Crypto advisor, has publicly showcased his strong belief in Solana. During the 50th episode of the All-In Podcast in October 2021, Sacks revealed his early investments in Solana, emphasizing his confidence in the project despite its connection to the FTX collapse in 2022. Remarkably, Sacks held on to his assets, believing in Solana’s recovery and potential as a leading blockchain network.
In December 2023, during the 159th episode of the podcast, Sacks dismissed allegations that he sold his Solana holdings post-FTX, labeling such rumors as baseless. “We are happy campers,” he said, as Solana surged with an impressive annual return of 92%.
The crypto czar has also drawn attention for his bold claims about Solana’s future. Back in 2021, he highlighted the potential for Solana to flip Ethereum, becoming the dominant smart contract platform. While Ethereum remains a giant, Solana’s rapid ascent has been undeniable. Currently, Solana ranks as the fifth-largest cryptocurrency, boasting a market cap of $111 billion, following Bitcoin, Ethereum, Tether, and XRP.
Sacks’ connection to Multicoin Capital further underlines his commitment to Solana’s ecosystem. In 2018, he invested significantly in the firm alongside figures like Marc Andreessen. As a general partner at Craft Ventures, Sacks praised Multicoin for its deep understanding of emerging blockchain technology, calling them “technologists” who excel in the rapidly evolving crypto landscape.
With Sacks taking a prominent role as Trump’s crypto czar, his bullish stance on Solana is expected to shape future discussions in the blockchain and regulatory space. Solana’s continued growth under the endorsement of such influential figures suggests a bright horizon for the network and its supporters.
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