Bitcoin’s Big Move in the US
US Treasury Secretary Scott Bessent has an exciting plan for Bitcoin (BTC)! He wants to bring more Bitcoin to the United States and even create a special reserve of it. This is a big change in how the US thinks about cryptocurrencies. It could make the US the leader in the global crypto world.
Why Bring Bitcoin Onshore?
Bessent wants to make sure the US is the top dog in the crypto market. He thinks we should use “best practices and regulations” to stay ahead of other countries. Some countries, like El Salvador, have already started using Bitcoin. There are also rumors that China might be planning something similar.[1][3][4]
Stopping Sales, Building Reserves
Bessent wants to stop the US government from selling seized Bitcoin. Instead, he wants to use it to build a special reserve. After paying back people who lost money because of bad guys, the rest of the Bitcoin will go into this reserve.[3][5]
The Big Crypto Talk
The White House had a big meeting about cryptocurrencies on March 7, 2025. Important people from the crypto world and the government talked about how to make the US the best in the crypto business. This was a big moment for Bitcoin in the US.[1][4]
The World’s Bitcoin Race
The US isn’t the only country interested in Bitcoin. Many countries are trying to get as much Bitcoin as they can. A famous asset manager named Anthony Pompliano says 2024 was the start of this race. If the US wants to stay on top, it needs to act fast.[4] Other big countries might join in, making the race even more exciting.[3][4]
What’s Next for Cryptocurrencies?
In short, Bessent’s plan for Bitcoin is a big deal. It could change how the US and the rest of the world think about cryptocurrencies. We’ll have to wait and see what happens next![6]
—
Sources:
– cointelegraph.com
– tradingview.com
– en.cryptonomist.ch