#MarketTurbulence US Treasury Secretary Scott Bessent just confirmed the government will NOT be buying Bitcoin for the Strategic Reserve. Instead:
๐บ๐ธ Theyโll build the reserve only from confiscated BTC
Current stash value: $15โ$20 billion
๐ซ They will stop selling their Bitcoin holdings
This statement hit the market at the worst possible time โ right after BTC smashed a new all-time high above $124,000.