New Bitcoin purchases by the US government are still on the table, says Bessent

Bitcoin recently reached a summit of $ 1,2,4400 and is up 93% compared to more than a year ago. But cryptocurrency fans think it can go even higher, and these people have experienced roller coaster on Thursday after Scott Bessent gave contradictory signals on what the US government had planned for the most popular cryptocurrency in the world.

Initially, Bessent disappointed Bitcoin fans on Thursday morning when he declared that the so-called Bitcoin strategic reserve of the US government, announced for the first time by President Donald Trump in March, would not be supplied with newly bought Bitcoin anytime.

But the secretary of the Treasury seemed to reverse the course later in the day, sending mixed signals to cryptographic people who know that it will really help make the price if the Trump diet buys a digital loading boat for no valid reason.

Scott says there is no new money

Bessent was questioned about gold during an interview on Fox Business with Maria Bartiromo, and pivoted to talk about Bitcoin, what the White House supported is important for the future.

“We also started, to enter the 21st century, a Bitcoin strategic reserve. We are not going to buy this, but we will use confiscated assets and continue to develop this. We will stop selling this,” said Bessent.

The Treasury Secretary said he was thinking that the assets of the Bitcoin government was between $ 15 billion and $ 20 billion, lower than the previous estimates of $ 23 billion, as the crypto press protos note.

https://www.youtube.com/watch?v=xmgcv6jwiys

Why was it all important for cryptographic observers? Because many were disappointed in March when it turned out that rumors on a “strategic reserve” of crypto meant that the American government would not really buy a new bitcoin. The United States Ministry of Justice often seizes the crypto during criminal proceedings, and rather than selling this crypto as it generally does, the Trump regime has proposed to keep it as a “reserve”.

Scott turns mysteriously

Thursday morning’s Bessent’s comments seemed to confirm that it was not planned to buy new bitcoin, which he probably heard complaints. Because in the afternoon, Bessent sent a tweet that seemed to contradict what he had said about Fox affairs.

“The bitcoin that was finally lost in the federal government will be the basis of the Bitcoin Strategic Reserve that President Trump created in his March decree,” said Bessent. “In addition, the Treasury is committed to exploring neutral routes to acquire more bitcoin to extend the reserve and to execute the president’s promise to make the United States the” superpower of the world’s bitcoin “.” “”

What does that mean?

What does “neutral budget roads” mean? It is not clear. But that does not close the door to acquire more bitcoin in a way that would increase the price, which is the only thing that Bitcoin holders care. Holding bitcoin in a “reserve” is useless beyond making it rarer, thus helping to increase the price.

But the dream of people of cryptography is that the American government injects real American dollars into Bitcoin, artificially inflating the price even more and pushing a kind of free money in the cryptographic liquidity pool. Because none of this works without real dollars. When it dries, you have a little more than hopes and digital dreams.

The US dollar is literally supported by the US military. Bitcoin? It is supported by your faith at its price to continue to increase forever.