US Treasury’s Big Bitcoin Hold: No More Selling Off the Stash! 🔥
So, here’s the quick scoop: US Treasury Secretary Scott Bessent just announced that the government’s Bitcoin reserves are sitting at around $15-20 billion in value, and they’re done selling any of it. This ties into the Strategic Bitcoin Reserve that Trump kicked off earlier this year, where seized Bitcoins from crimes and stuff are now locked up as a national asset, kinda like digital gold in Fort Knox. No more auctions or dumps – it’s all about holding for the long haul and maybe even buying more down the line, but without using taxpayer cash.
This is super bullish and a no-brainer win for Bitcoin. Governments finally waking up to BTC as a hedge against inflation and debt is huge – imagine if they start stacking more, prices could moon! But hey, it’s politics, so fingers crossed they don’t flip-flop. Overall, feels like America’s playing catch-up in the crypto game, and I’m here for it. 🚀
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