bessentupdate

# BREAKING: US Treasury Secretary Scott Bessent on Crypto Reserve
🇺🇸 In a recent interview on Fox Business, Treasury Secretary Scott Bessent clarified the US government's approach to its Bitcoin Strategic Reserve: "We're not going to be buying that, but we are going to use confiscated assets and continue to build that up. We're going to stop selling that." He emphasized that the reserve, derived solely from seized cryptocurrencies, is currently valued between $15 billion and $20 billion. The government will halt sales of its Bitcoin holdings and focus on accumulating through forfeitures, aligning with broader strategies to maintain gold as a store of value while exploring blockchain's potential.
This announcement led to a sharp market reaction, with Bitcoin dipping below $119,000, triggering over $1 billion in leveraged position liquidations. Crypto communities on X are buzzing, with users noting the shift from earlier expectations of direct purchases to a more conservative buildup via confiscated assets.
$BTC $ETH $XRP

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🔥 Bessent Shocks Markets: “No Direct U.S. Investment in Argentina!” 😲

🇺🇸 Scott Bessent just put rumors to rest. Despite buzz about big U.S. money flowing into Argentina, he firmly denies any direct investments happening right now.

💼 What does this mean for Argentina’s economy? Investors are on edge, wondering if this is a sign of caution or a delay in much-needed support amid global uncertainty.

🌎 In a world where every dollar counts, Bessent’s statement shifts expectations and could impact market confidence—not just in Argentina, but across emerging markets.

❓Is this denial a smart move to cool overheated hopes—or a warning sign of tougher times ahead?

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