Bessent’s Bitcoin U-Turn: Treasury Doubles Down on ’Budget-Neutral’ BTC Purchases
In a plot twist nobody saw coming, the US Treasury just flipped its Bitcoin script—hard. Assistant Secretary Nellie Bessent, once skeptical of state-backed crypto buys, now champions 'budget-neutral' BTC acquisitions. Who said bureaucrats can't pivot?
Behind the policy whiplash: A quiet but seismic shift in how Uncle Sam views digital assets. No longer fringe speculation, Bitcoin's now a strategic reserve asset—as long as it doesn't touch the deficit. Because nothing says 'sound money' like accounting gymnastics.
The fine print? Every dollar spent on BTC must be offset elsewhere. It's dollar-cost averaging meets deficit hawkery—Wall Street's worst nightmare. Meanwhile, crypto traders cheer another institutional stamp of approval. After all, when governments FOMO in, you know we're early (or they're desperate).
