Treasury Secretary Scott Bescent began Thursday by hoping for at least some Bitcoiner, saying that the Strategic Bitcoin reserve consisted of $ 15 billion to $ 20 billion in the government, but with no intention of making any fresh purchases.
He ended the day, however, by seemingly opposed to those statements, says his department is “focused on exploring the neutral budget paths to get more bitcoin to expand the reserve.”
Fresh purchases are in addition to the tokens removed from the government, which will be the “foundation” of the reserve, Bescent said.
US president Donald Trump signed an executive order in March to create a strategic Bitcoin reserve that Bessent sponsored. Earlier this month, Bo Hines, the head of the White House council of the Digital Assets – the activities, among other things, with SBR – His position came out.
Bitcoin
Continue to trade nearly $ 118,000 late in the afternoon Thursday afternoon, strongly from hitting a new record of $ 124,000 hours before.
The majority of rejection followed a more powerful than expected The manufacturer’s price index report, talking about the idea that inflation is sufficiently retreating for the Federal Reserve to cut interest rates in September.
