The US Treasury Secretary takes bitcoin purchases – meaning? star-news.press/wp

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US Treasury Secretary Scott Payette pointed to a possible expansion of federal bitcoin possessions, and opened the door to Bitcoin Strategic Reserve to develop acquired assets through seizures.

The Minister of Treasury in the United States in the news today certain The reserves, created under President Trump’s executive order, may grow through strategic acquisitions as well. Originally, these reserves were imagined that they are supported by the confiscation of bitcoin only.

He said ,

“Bitcoin that was recently lost to the federal government will be the basis for the strategic Bitcoin reserve created by President Trump in his executive order in March.”

He added,

“In addition, the Treasury is committed to exploring neutral budget tracks to gain more bitcoin to expand the reserve, and implement the president’s promise to make the United States the superpower of bitcoin in the world.”

This is not everything, although officials also explore neutral budget strategies. These include re -allocation of resources or the use of lost assets, expanding reserves without new Congress financing, and buding national goals with financial discipline.

Market experts believe that this strategy may give Bitcoin a solid reserve. It will also allow the United States to quickly act on price fluctuations and seize opportunities.

Coincidence in time?

The reflection of Bessent, which comes less than a day after the direct Bitcoin purchases are excluded, is a sign of the speedy transformation of the digital asset policy in the United States. However, it should be noted that it also assured investors that the acquisitions will be deliberate and compatible with economic goals.

It was created according to President Trump’s executive order, the reserve began between 15 and 20 billion dollars in Bitcoin through the application of the law. Its latest plans indicate both the hegemony of encryption and the purpose of management in consolidating the most famous cryptocurrency strategy.

Although it is currently Bitcoin, officials weigh the ETHEREUM (ETHEM), Solana (Sol), XRP, and Cardano (ADA) as part of a wider plan.

In fact, David Lutnick, Crypto Consultant for the White House, confirmed that Howard Lutnick, the Minister of Commerce, Howard Lutnick, exploring ways to develop Bitcoin’s possessions, without the cost of taxpayers. This is expected to ensure that any expansion remains transparent, financially responsible and strategic concentrated.

What reaches the rest of the world to?

For its part, the price of Bitcoin fell to about $ 119,000 from 124,000 dollars, at the time of the press, after the policy -focused BESSENT. This can be considered a sign of caution for the investor, especially as they are waiting for more developments.

Meanwhile, other countries are increasingly looking to BTC as a strategic reserve origin.

Indonesia is studying, led by the Vice President’s office, adding Bitcoin to diversify reserves, hedging against inflation, and reducing dependence on the US dollar.

Brazil may follow its example, as its deputies’ room has been appointed to discuss a draft law on the establishment of a national reserve for bitcoin in a hearing scheduled for August 20.