Bessent says Bitcoin plans, he says BUYS will be a budget neutral star-news.press/wp

Encryption correspondent

Shalini Nagarajan

Encryption correspondent

Shalini Nagarajan

About the author

Shalini is an encrypted correspondent that provides in -depth reports on daily developments and organizational transformations in the encrypted currency sector.

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Last update:

August 14, 2025

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Treasury Secretary Scott Bessin had previously retreated from observations that the United States will not get BTC for the strategic bitcoin reserve, a transformation of leaving the direction of politics mysterious.

Speaking to Fox News on Thursday, Bessent told broadcaster Maria Barteromo that while Washington intends to develop a reserve “to reach the twenty -first century”, it will not buy direct coins. Instead, the government plans to use Bitcoin resources and stop liquidating these holdings.

He said, “We will not buy it, but we will use the confiscated assets and continue to build it.” “We will stop selling it.” The current reserve value was estimated at $ 15 billion -20 billion US dollars.

Bessent moves to reassurance on the strategic Bitcoin reserve approach

Later in the day, Bessent seemed to reduce his position. in X postHe said that Bitcoin lost to the federal government will work as a basis for the reserve that was created under President Donald Trump’s executive order.

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

The statements with his pre -categorical dismissal contradict the bitcoin purchases, which sparked confusion between market monitors and political critics.

The Trump administration has transformed positions on the encryption policy before. On the campaign path, Trump talked about a dedicated bitcoin stock. The initiative later expanded to include other symbols such as Ethereum, Solana, XRP and Cardano.

Ultimately, his executive orders created two separate gatherings, a bitcoin reserve and a wider digital asset stock bearing other encrypted currencies.

Bitcoin reaches 124 thousand dollars before the opposite of inflation fears

The clarification came on the same day that Bitcoin rose to a record above $ 124,000 before reflection quickly. The teacher showed how feelings about politics can move with wider financial conditions.

Doug Colette, the founding of the Fogo series, said the new climax showed “the amount of momentum and liquidity in risk origins before printing PPI.”

But he warned that the reflection indicates that “even the most powerful encryption pools are still linked to the total forces, especially when the surprises of inflation forced investors to rethink the schedules.”

For BESSENT, the budget law is clear. It must be explained that the administration is serious in building a bitcoin reserve without shaking financial markets or opening the government to accuse reckless spending.

His repeated clarifications reflect the political sensitivity of the issue. It also shows the deepening of the Trump administration in its encrypted position with a broader economic message of sovereignty and modernization.