Treasury go expand Strategic Bitcoin Reserve wit seized BTC
US Treasury Secretary Scott Bessent talk say dem go use seized Bitcoin form di Strategic Bitcoin Reserve wey dem start under President Trump March executive order. First, Bessent talk say no new buying go happen beyond di current $15–20 billion holdings. Later, e tweet say di department dey find budget-neutral ways to get more Bitcoin, make US be "world Bitcoin superpower." After mixed inflation data and Bessent comments, BTC drop about 3.7%, e slide from record high near $124,000 go around $118,000. Traders go dey watch further Treasury moves and inflation reports to see how demand for Bitcoin and market direction go be.
Bullish
Treasury plan make dem add more for Strategic Bitcoin Reserve wit seized BTC mean say government fit get demand for Bitcoin. Even if first comments plus softer inflation data make price drop small for short time by 3.7%, di renewed promise show say long-term support for Bitcoin stronger. Traders go see budget neutral buying methods as good sign, dey expect say official buying go bring steady demand and less worry about price wahala.