U.S. Treasury Secretary Scott Bisant disappointed #bitcoin investors around the world after confirming that the federal government would not buy additional coins to support its current reserve. This came during his appearance on Fox Business on Thursday, where he bluntly stated: "We will not buy that."
### 🔍 What does the strategic bitcoin reserve mean?
Bisant supported the idea of the strategic bitcoin reserve established by President Donald Trump last March, but he clarified that its growth would depend only on assets seized by law enforcement agencies, not through new purchases.
> "We will use seized assets and continue to build that, and we will stop selling them."
The current holdings of the U.S. government in bitcoin are estimated at $15 to $20 billion, according to the minister's statements.
### 🔄 Change in policy?
Bisant's statements represent a deviation from previous statements by White House officials, who promoted the idea of buying more bitcoin to enhance the federal reserve. In March, officials talked about plans to fund purchases by selling other assets like gold, but these plans were not implemented.
### 📉 How did the market react?
Bitcoin investors expected that U.S. government purchases would lead to:
✔ Enhancing the legitimacy of cryptocurrency
✔ Increased its price due to high demand
But with Bisant's announcement, these expectations seem to have evaporated, which may impact investor sentiment in the short term.
### 🚀 What's next?
With the U.S. government excluded as a major buyer, the price of bitcoin may depend more on institutional and retail demand, while the state continues to rely on legal seizures to increase its reserve.
#Bitcoin #Cryptocurrency #Economy #America #ScottBisant