Scott Bessent, the US Treasury Secretary, resigned behind the route to relieve the bitcoin market on Thursday.
He previously told Fox Business, “We will not buy it.” But later on social media, the department announced that “budget neutral route exploration” acquires more Bitcoin.
Bessent’s explanation and preliminary
According to his public remarks, the reserve troops will be built by encryption to be confiscated by the government, and additional purchases will not increase the federal budget.
Finally, Bitcoin, which is confiscated by the federal government, will be the basis of the strategic Bitcoin protection zone established by President Trump in an administrative order in March.
The Treasury is also trying to explore budget neutral paths and get more.
-Scott Bessent (@secscottbessent) August 14, 2025
But the merchants first read their lines differently, and the market moved quickly. According to the report, Bitcoin shows that the market value is more than $ 50 billion within 30 minutes of the interview, from $ 121,100 to $ 118,950 in a short period of time.
Market movement and number
The short -term reaction was sharp. The price dropped and the encryption commentators brought about the gap between the company’s “no” and later the “exploration” position.
The Treasury also confirmed that it will stop selling its existing Bitcoin stake, and the reserve troops are worth the range of $ 15 billion to $ 20 billion.
Scott Bessent, US Treasury Secretary, mentioned Crypto Reserves in an interview with FOX and said, “We will not buy it.” He also has the value of Bitcoin reserves, about $ 15 billion to $ 20 billion.
-Wu block chain (@wublockchain) August 14, 2025
Background
US President Donald Trump set up a strategic Bitcoin protection zone and a wide range of digital asset stocks on March 6, and signed an administrative order to set up a policy framework that uses seized passwords.
This command also allowed you to add a “budget neutral” method, which was mentioned when mentioning the idea of alternative funding, such as the use of reconsideration or confiscation assets.
BTCUSD trading at $119,120 on the 24-hour chart: TradingView
Who holds now
There is still a confusion about Bitcoin, which the US government’s Bitcoin actually controls in other institutions.
Public tracking has spread over the low -cost $ 20 billion Bitcoin over the federal agencies, but some FOIA responses and reports have a smaller total of each agency.
If the Treasury is specifically nominating a budget neutral funding path or acting on a bill that will organize the path, the market will take a clear signal and react again.
At present, investors and policy watchers are analyzing the text. Exploration without firm plans can increase uncertainty and can mean rapid price fluctuations in Crypto.
At the time of writing, Bitcoin showed CoinmarketCap data to $ 118,872, down 2.4% over the last 24 hours.
The main image of drive, TradingView chart
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.
