BREAKING: US Treasury Secretary Bessent Hints at Bitcoin Reserve Expansion—Bullish Signal for Crypto?

The US Treasury might be going full crypto—Secretary Bessent just dropped the biggest hint yet about expanding Bitcoin reserves. Is this the institutional green light markets have been waiting for?

### Dollar Meets Digital Gold

No more whispers—the Treasury’s flirting with Bitcoin as a strategic asset. Bessent’s comments signal a potential pivot from 'crypto skepticism' to 'controlled adoption.' Wall Street’s algo-traders are already recoding their bots.

### The Fine Print (Because There Always Is One)

No specifics on timeline or allocation size—classic government ambiguity. But let’s be real: even a 1% Treasury reserve would send BTC prices stratospheric. Cue the lobbyists drafting 'national security' briefs.

### The Cynic’s Corner

Watch how fast 'anti-crypto' politicians rebrand as 'blockchain innovators' once their donor portfolios hit 'sell targets.' The real reserve currency? Hypocrisy.

Bassinet Clarifies Bitcoin Reserve Plan

Later, he clarified on X that “Bitcoin that has been finally forfeited to the federal government will be the foundation of the Strategic Bitcoin Reserve that President TRUMP established in his March Executive Order.” 

Bessent added that the Treasury is exploring budget-neutral ways to acquire more Bitcoin to grow the reserve, aiming to make the U.S. a “Bitcoin superpower of the world.” 

U.S. President Donald Trump’s March executive order created the Strategic Bitcoin Reserve, separate from the broader digital asset stockpile holding Ethereum, Solana, XRP, and Cardano. 

According to Bessent, the U.S. currently holds $15-20 billion in Bitcoin, primarily from seized funds. The announcement sparked debate in the crypto community, with some accusing Washington lobbyists of misrepresenting the initiative. 

Bitcoin’s price remained steady near $119,098 on Thursday, down 3.63% from its $124,000 peak the previous day, according to CoinMarketcap, a leading cryptocurrency market data provider.

White House Crypto Czar David Sacks said in March that it was up to Bessent and Commerce Secretary Howard Lutnick to explore “budget-neutral ways” to expand the reserve, though no further details have been released. 

The move demonstrates the changing crypto policy of the Trump administration and its efforts to increase American influence in the international cryptocurrency market.

Also Read: Bitcoin’s Record Surge Ends Abruptly as Price Dips to 118K