The US Treasury Secretary changes stance, reopens the possibility of buying Bitcoin

After stating that the US government would not purchase additional Bitcoin ($BTC ) for the reserves, Treasury Secretary Scott Bessent has changed his stance, stating that the Treasury is committed to exploring "budget-neutral" methods to acquire more Bitcoin.

Contradiction in statements

Earlier that day, Mr. Bessent responded to Fox Business that the government "would not buy" Bitcoin. This statement disappointed the cryptocurrency community and contradicted earlier suggestions from Trump administration officials, who had expressed a desire to accumulate as much Bitcoin as possible.

However, in a later post on X, Mr. Bessent affirmed that in addition to the seized Bitcoin, the Treasury would seek to purchase more Bitcoin to expand the strategic reserves. He emphasized the Trump administration's commitment to making the US the "Bitcoin superpower of the world."

Market reaction and inconsistent policies

Despite the change in stance, Bitcoin's price did not experience significant fluctuations, hovering around the $118,000 mark. This incident highlights the inconsistency in the Trump administration's cryptocurrency policy. Previously, the reserve policy had been expanded from Bitcoin to other cryptocurrencies, then later separated into a distinct Bitcoin reserve. #anhbacong