We have written before that we believe the rise of cryptocurrencies and cashless financial transactions are among the technological innovations setting the stage for the Antichrist’s prophesied authoritarian reign.
While I have generally been in support of President Trump and his policies, his friendliness to the crypto industry is one of those things that is pushing our world closer to the kind of unprecedented government oversight that the Bible predicts.
For instance, consider a press conference given earlier this week by David Sacks, the administration’s new “crypto czar.” Sacks is a member of the so-called “Paypal Mafia,” having served as the COO of the digital payments company alongside other billionaire tech pioneers like Elon Musk and Peter Thiel.
As crypto czar, he has been tasked with developing a regulatory framework for the cryptocurrency industry. At the press conference, Sacks pledged to roll back the policies of the Biden administration, which were unfriendly to cryptocurrencies. (Trump’s S.E.C. has already begun scaling back its enforcement efforts of the crypto industry.)
While emphasizing the need for regulatory clarity, Sacks said he was prioritizing a national Bitcoin reserve. Trump has also floated this idea publicly.
Like gold reserves, integrating Bitcoin into the national reserves would diversify the asset holdings of the United States and potentially enhance our economic stability. Many in the financial industry view Bitcoin, which has a limited supply, as a hedge against inflation.
Holding a digital asset stockpile would position the United States as a world leader in the evolving financial landscape.
In fact, the U.S. already holds Bitcoin. As of December 2024, the U.S. government was in possession of more than 200,000 Bitcoins, which are valued at around $20 billion depending on the rapidly fluctuating price of Bitcoin.
Most of these assets have been seized from money launderers and hackers. To establish a Bitcoin reserve, the government would only have to decide not to auction off the existing Bitcoin—as it has done in the past—but simply roll it onto the government’s balance sheet.
Sacks said the administration’s crypto working group was evaluating the reality of such a move:
“The feasibility of a Bitcoin reserve would be one of the first things to look at as part of the internal working group at the administration,” he said. “We are in the early stages of it, but it would be among the priorities.”
In other words, it’s not a promise, but is definitely a direction in which the administration is moving. Sacks is also promising to work on stablecoin legislation.
As I’ve written before, I don’t necessarily worry about Bitcoin itself. Bitcoin operates on a decentralized blockchain, meaning no government or central authority controls it. It seems to be politically and ideologically neutral, but it’s not without risks.
Its anonymous nature tends to make it useful for criminal behavior like money laundering, tax avoidance, or terrorist funding. Blockchain innovations enable private, borderless transactions without governmental oversight. That makes it possible to hide what you’re using it for.
And other cryptocurrencies are not decentralized like Bitcoin. The more acceptable one digital currency becomes in our society—even one like Bitcoin that may be harmless or even positive—the more other digital currencies will also gain traction.
They are helping build the technological financial infrastructure that make the Mark of the Beast possible, along with a globally controlled system of buying and selling.
