U.S. Treasury Secretary Scott Bessent commented on the country’s reserve policy and possible changes in the Federal Reserve’s interest rates. 👀
🟠Not planning to buy cryptocurrency for reserves, intends to use confiscated assets instead
🟠Doubts that the U.S. will revalue its gold and foreign currency reserves
🟠Plans to keep gold as a store of value
🟠No intention to sell Bitcoin
🟠BTC reserves estimated at $15-20bn
🟠Did not call for a 1.5 percentage point Fed rate cut
🟠May start with a 25 bps cut and then accelerate
🟠Sees room for a series of rate cuts
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