US Treasury Secretary Bessent: No Bitcoin purchases for national reserve – cryptocurrency falls under psychological pressure

US Treasury Secretary Bessent: No Bitcoin purchases for national reserve – cryptocurrency falls under psychological pressure

No Bitcoin purchases for the US National Reserve

During an interview on Fox Business, US Treasury Secretary Scott Bessent clarified that the government currently has no plans to purchase Bitcoin for the national reserve. This statement led to a decline in the price of Bitcoin, which fell below the psychological limit.

Bessent's comments reflect the US government's stance on cryptocurrency and make it clear that Bitcoin is not currently considered as part of the national financial strategy. In recent years, Bitcoin, as one of the most well-known cryptocurrencies, has sparked both economic and political discussions. Experts and investors regularly monitor such statements as they can have a significant impact on the market.

The decision not to make Bitcoin purchases can be attributed to various factors, including the volatility of the cryptocurrency and the uncertainties associated with digital assets. However, a clear positioning by the government could also strengthen investor confidence and promote more stable market development.

Overall, the topic of Bitcoin and its role in the national economy continues to be an important topic of conversation in the media and among experts. Reactions to such announcements can have far-reaching consequences for the cryptocurrency markets.