U.S. Treasury Kills Hopes of Big #bitcoin Buy.👀
Treasury Secretary Scott Bessent says the U.S. will NOT be buying more Bitcoin crushing months of speculation from crypto fans.
🇺🇸 The U.S. already has ~198,000 $BTC , all from law enforcement seizures. Bessent says the only way the stash will grow is through more confiscations no open-market buys.
Background:
Trump created a Strategic Bitcoin Reserve in March
Officials had hinted at massive BTC purchases
Some believed it could send Bitcoin toward $1M
New stance: Keep what we have, stop selling, no big buys
🔥 Why it matters:
No government buying spree = no immediate moonshot
Still, U.S. remains the largest BTC holder in the world
