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US Bessent on crypto reserve: we are not going to be buying it

US Bessent on crypto reserve: we are not going to be buying it

Cryptocurrency
Giuseppe Dellamotta
14/08/2025 | 12:21 GMT
  • Comments from the US Treasury Secretary, Scott Bessent
Crypto futures vs Crypto spot
Crypto futures vs Crypto spot
  • We will use confiscated assets.

This has weighed on bitcoin a bit as it implies lower demand than previously expected. The cryptocurrency market is driven by the credit cycle anyway much like equities, so this is not a gamechanger.

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