๐ August 14 | Washington D.C., United States
In a turn of events that has shaken the crypto markets, U.S. Treasury Secretary Jane Bessent confirmed that the government will not purchase Bitcoin to form a strategic reserve, as had been speculated after rumors of pro-crypto policies. The news comes at a time when enthusiasts were hoping for a historic move, while others feared a sign of "officialization" that would distort the market. Meanwhile, an Ethereum ICO whale dumped another $5 million in ETH, and the ecosystem is digesting the latest power moves.
From Rumor to Official Slam
For weeks, analysts and media outlets debated the possibility of the US imitating strategies like El Salvador's, purchasing BTC for a state reserve. However, Bessent was clear: "It is not on the Treasury's agenda to acquire Bitcoin as a strategic asset." The official emphasized that the priority is to strengthen traditional reserves and diversify through sovereign assets, not volatile cryptocurrencies.
In parallel, another event moved the market: one of Ethereum's oldest whales, with participation since the 2014 ICO, sold more than $5 million in ETH on exchanges, sparking debates about whether it is a sign of profit-taking or a lack of confidence.
A Day of Contrasts for the Ecosystem
Bessent's announcement dampened expectations in the Bitcoin community, which saw a potential state purchase as a boost to legitimacy and mass adoption. However, several experts point out that avoiding this acquisition could protect the government from the extreme volatility and political scrutiny it would entail.
Meanwhile, the ETH whale's move adds to a pattern observed in recent weeks, in which ecosystem veterans have gradually liquidated their positions, coinciding with price spikes and high institutional demand.
Topic Opinion:
Bessent's decision, while disappointing to some, reflects a pragmatic view: state adoption of Bitcoin cannot be based on hype, but rather on a strategy of calculated risk. On the other hand, the ETH whale's move is a reminder that, in crypto, even long-time players adjust positions without looking back.
๐ฌ Is this ETH whale's sale a bearish sign?
Leave your comment...
#bitcoin #Ethereum #StrategicReserve #CryptoNews #Bessent $BTC
