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.
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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