JUST IN: đ° US Treasury Secretary Scott Bessent Officially Declares Bitcoin as a âStore of Valueâ
A surprising statement came directly from the US Treasury Secretary, Scott Bessent, who officially recognized Bitcoin as a âstore of valueâ.
This move marks a critical milestone in Bitcoinâs institutional adoption, as itâs rare for a Treasury Secretary to make such a bold declaration supporting cryptocurrency. With this recognition, Bitcoinâs position is now more aligned with gold as a hedge against inflation and global economic uncertainty.
Why is this important?
Signals a shift in the US governmentâs stance on Bitcoin from a speculative asset to a strategic one.
Could encourage institutional adoption and attract investors who were previously hesitant.
May trigger positive sentiment across the crypto market, especially for Bitcoin and other digital assets.
đ Market implications:
Bitcoinâs price may see upward momentum driven by stronger institutional sentiment.
Investors may increasingly view BTC as a âsafe havenâ asset similar to gold, particularly during times of economic uncertainty.
