US Treasury Dey Plan Budget-Neutral Bitcoin Reserve Expansion
US Treasury Secretary Scott Bessent don soft im stance on how dem wan expand the Strategic Bitcoin Reserve dem. The reserve wey President Trump set up with $15–$20 billion worth of seized BTC fit grow through budget-neutral acquisitions. Treasury go reallocate existing funds plus use forfeited assets to boost the Bitcoin reserve without getting any new tax payer money or congressional approval. Officials like White House crypto advisor David Sacks and Commerce Secretary Howard Lutnick dey balance fiscal discipline with making the US a global Bitcoin superpower. The announcement make BTC price drop from around $124,000 to $119,000, wiping out over $50 billion market value in few minutes. Traders suppose prepare for short-term volatility as the US Treasury’s buying plans dey unfold. For the long term, bigger Bitcoin reserve fit improve liquidity and support market confidence. Meanwhile, Indonesia and Brazil dey explore Bitcoin reserves to hedge against inflation and to diversify from the US dollar.
Bearish
For short term, the announcement make quick sell-off happen, wit BTC prices drop from about $124,000 go down to $119,000 as traders dey react to wahala wey dey for when and how much for buying. Dis one show say market get bearish feelings because of the market shaking up. But if dem fit make bigger strategic reserve weh no go need new tax money, e fit help Bitcoin liquidity and market confidence for long term. But for now, the price effect dey bearish.