The secretary of the Treasury, Scott Bessent, started on Thursday by entering the hope of at least certain bitcuers, saying that the Bitcoin strategic reserve would be made up of $ 15 billion to $ 20 billion already held by the government, but that there was no intention to make new purchases.
He ended the day, however, apparently by contradicting these remarks, claiming that his department is “determined to explore non -budgetary routes to acquire more bitcoin to extend the reserve”.
The new purchases would be added to the tokens confiscated from the government, which will be the “foundation” of the reserve, said Bessent.
President Donald Trump signed a decree in March to create a strategic bitcoin reserve that Bessente recommended. Earlier this month, Bo Hines, the chief of the Blank House advisers on digital assets – whose tasks, among others, included the SBR – left his position.
Bitcoin
continued to negotiate itself at around $ 118,000 at the end of the afternoon in the United States on Thursday, down since it reached a new record of $ 124,000 a few hours earlier.
The majority of the decline came after a much higher than expected production price index report, which has questioned the idea that inflation moves enough for the federal reserve to cut interest rates in September.
