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.