Shock! Trump's Treasury Secretary Candidate's Asset Reshuffle, Bitcoin ETF's Fate Remains a Mystery!
With President Trump about to take office, billionaire hedge fund manager and top Treasury Secretary candidate Scott Bessent suddenly takes action, adjusting his asset layout, and even plans to sell shares of the famous BlackRock Bitcoin ETF!
This move is to comply with federal ethical guidelines, ensuring his integrity. It is important to note that this BlackRock Bitcoin ETF manages over $50 billion in assets, a star investment for Bessent!
Previously, the cryptocurrency community welcomed Bessent, as he did not hold too many IBIT shares. But now, Bessent's investment portfolio has been exposed, featuring U.S. Treasuries, SPY, hedge funds, and precious metals, leaving the fate of IBIT a mystery.
Even more shocking to the market is that Bessent plans to resign from his own hedge fund, Key Square Group, and gradually sell off shares. This series of actions has sparked widespread speculation in the market.
VanEck research director Mathew Sigel also raised questions on Twitter, asking why Bessent is selling the Bitcoin ETF, while other assets are explained, yet there is no movement on IBIT?
Trump has consistently supported Bessent, praising his financial talent and investment vision, looking forward to him leading America into a new golden era. Bessent has a strong background, having served as Chief Investment Officer at Soros Fund Management and taught economic history at Yale University.
On January 16, Bessent's confirmation hearing is about to take place, and Trump will officially take office. If Bessent is successfully elected as Treasury Secretary, he will undoubtedly play an important role in Trump's economic plan, promoting tax cuts, deregulation, and even the popularization of cryptocurrencies! This grand drama, let's wait and see!
