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US Treasury on Bitcoin: Still in Play!

samiullah81

Published: 21 Aug 2025 › Updated: 21 Aug 2025US Treasury on Bitcoin: Still in Play!

US Treasury on Bitcoin: Still in Play!

After shaking markets and erasing nearly $55B from Bitcoin’s market cap, US Treasury Secretary Scott Bessent has now clarified that the U.S. is still considering Bitcoin purchases.

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The idea is to expand the Strategic Bitcoin Reserve, a move that aligns with Trump’s vision of turning the U.S. into a true “Bitcoin Superpower.”

Current approach:

Use confiscated BTC (already worth $15–20B).

Stop selling government-held Bitcoin.

Possible extra purchases funded through gold certificate revaluation or tariff revenue (needs Congress approval).

⚠️ However, critics argue that after five months of ‘exploring’, the delay looks more like stalling, which could allow other nations to front-run the U.S.

For now, the U.S. Treasury already holds 198,012 BTC (~$23.5B) — and the good news is, they’re not dumping anytime soon.

Do you think the U.S. will actually buy more Bitcoin soon, or is this just politics slowing things down?

#Bitcoin #CryptoNews #Blockchain #BTC #Cryptocurrency #CryptoMarket #US #Finance #hiveCrypto

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