Scott Bessent Drops Bombshell: Governments Could Still Buy Bitcoin—Here’s Why It Matters

Hold onto your hardware wallets—governments might not be done stacking sats.

Scott Bessent, the macro investing heavyweight, just hinted that sovereign Bitcoin buys aren’t off the table. In a world where central banks print money like Monopoly notes, could cold, hard crypto be the next reserve asset? (Spoiler: Argentina already tried it.)

Why this isn’t just hopium:

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Geopolitical hedging
: Nation-states are tired of USD hegemony. Bitcoin’s neutrality cuts through sanctions like a hot knife through FUD.

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Portfolio insurance
: With bonds yielding less than a defi stablecoin farm, BTC’s scarcity premium starts looking… rational. Even for bureaucrats.

The kicker? If the US Treasury ever moonlights as a Bitcoin whale, expect the mother of all FOMO rallies—and a whole new meaning to 'pump and dump' at the federal level.

*Cynical finance jab*: Meanwhile, Wall Street still can’t decide if Bitcoin’s a risk asset or inflation hedge. Maybe it’s both—just like how banks are both 'too big to fail' and 'always bailed out.'