I think we can see btc move down more based on this and I am ready to buy if it does.
coinfeeds-bot on
tldr; US Treasury Secretary Scott Bessent announced that the government will not acquire new Bitcoin for its strategic reserve, instead relying on confiscated assets. The current Bitcoin reserves, valued between $15 billion and $20 billion, will no longer be sold. Bessent emphasized the government’s focus on maintaining these assets as a store of value. His remarks caused Bitcoin prices to dip below $118,000. This decision reflects a cautious approach to integrating cryptocurrency into national reserves.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
fan_of_hakiksexydays on
And then next week they’re gonna say „we’re buying Bitcoin again“, after the price bleeds enough from the news.
Ok_Seat5245 on
WTF Trump? Wasn’t this a campaign promise?
DefiantDonut7 on
Ooof. Hate to say, told ya so
shadowmage666 on
Lol fucking of course
Jaykalope on
Biggest bull run catalyst just got deleted. Sorry, .gov ain’t buying your bags.
mercistheman on
I don’t think the plan was ever to purchase BTC… They said it would „not going to fish the tax payers a penny“.
CG-Saviour878879 on
Damp eeet
uncapchad on
oh well, more for us.
MariachiArchery on
I mean… there is some good news in here, they are not going to be dumping their bags on us. That is good.
>The United States is the largest known state holder of bitcoin in the world, estimated to hold **about 200,000 BTC**, as of March 2025.
This is mostly confiscated funds that they have planned to sell. I’m glad they have decided not to sell it. If BTC contentious to pump, the odds they will eventually sell this reserve shrinks. Which, is good.
This article is kind of a nothing burger.
meatshoe69 on
This seems like a bigger jump scare than PPI. But the one two punch is no bueno. Why does it feel so conveniently timed?
potatoMan8111 on
Yea, cause they gonna scoop up that Ether instead 🤌
14 Kommentare
I think we can see btc move down more based on this and I am ready to buy if it does.
tldr; US Treasury Secretary Scott Bessent announced that the government will not acquire new Bitcoin for its strategic reserve, instead relying on confiscated assets. The current Bitcoin reserves, valued between $15 billion and $20 billion, will no longer be sold. Bessent emphasized the government’s focus on maintaining these assets as a store of value. His remarks caused Bitcoin prices to dip below $118,000. This decision reflects a cautious approach to integrating cryptocurrency into national reserves.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
And then next week they’re gonna say „we’re buying Bitcoin again“, after the price bleeds enough from the news.
WTF Trump? Wasn’t this a campaign promise?
Ooof. Hate to say, told ya so
Lol fucking of course
Biggest bull run catalyst just got deleted. Sorry, .gov ain’t buying your bags.
I don’t think the plan was ever to purchase BTC… They said it would „not going to fish the tax payers a penny“.
Damp eeet
oh well, more for us.
I mean… there is some good news in here, they are not going to be dumping their bags on us. That is good.
>The United States is the largest known state holder of bitcoin in the world, estimated to hold **about 200,000 BTC**, as of March 2025.
This is mostly confiscated funds that they have planned to sell. I’m glad they have decided not to sell it. If BTC contentious to pump, the odds they will eventually sell this reserve shrinks. Which, is good.
This article is kind of a nothing burger.
This seems like a bigger jump scare than PPI. But the one two punch is no bueno. Why does it feel so conveniently timed?
Yea, cause they gonna scoop up that Ether instead 🤌
This is fake news check his x post he said they are acquiring!!! https://x.com/SecScottBessent