Breaking: Bessent Says US Might Buy More Bitcoin - U.Today

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  • More BTC purchases?
  • Volatility makes a comeback U.S. Treasury Secretary Scott Bessent has stated that the U.S. might buy more Bitcoin, walking back his earlier comment that contributed to a recent crypto market correction.

The contradictory comment has puzzled some members of the cryptocurrency community

More BTC purchases?

As reported by U.Today, Bessent ruled out making additional BTC purchases on top of the forfeited coins that the U.S. government already holds.

The comment, which was made during a wide-ranging interview with Fox Business's Maria Bartiromo, dismayed many members of the community since Bessent seemingly shut the door on possible Bitcoin buys

In his latest post on X, however, he claims that the U.S. Treasury is actually committed to finding "budget-neutral" pathways for acquiring more coins

Volatility makes a comeback

Bitcoin is currently trading at $118,156 following Bessent's most recent social media post

Michael Saylor, the executive chairman of business intelligence firm Strategy (formerly MicroStrategy), has already brushed off Bitcoin's most recent plunge with a succinct social media post

Unfazed by the recent correction, Saylor claims that "volatility is the gift to the faithful."

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