David Sacks Predicts Economic Boom, Positive Outlook for Cry

David Sacks, Chair of the President’s Council of Advisors on Science and Technology, has announced the start of an economic boom, suggesting a positive outlook for cryptocurrency prices. Sacks highlights strong U.S. economic indicators, including GDP growth above 4% in Q3 and over 5% in Q4, alongside a significant increase in private-sector jobs and a drop in unemployment to 4.3%.

Sacks argues that the U.S. economy is accelerating, driven by capital expenditure and innovation, particularly in AI infrastructure. He notes that the four leading hyperscalers are projected to spend approximately $600 billion this year, providing a substantial GDP boost. This economic expansion, coupled with contained inflation, could enhance liquidity conditions, potentially benefiting cryptocurrencies like Bitcoin and Ethereum, which have struggled to maintain support levels.