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According to Cointelegraph, U.S. Treasury Secretary Scott Bessent stated that the government has no plans to increase its Bitcoin reserves, leading Bitcoin to fall below the psychological support level of $120,000, currently reported at $118,730.
Bessent confirmed in an interview with Fox Business that the government will no longer purchase Bitcoin, but will instead use seized assets to increase reserves. This contradicts President Trump's previous executive order, which called for the development of a budget-neutral strategy to increase Bitcoin holdings.
In April of this year, Bo Hines, a member of the President's Digital Asset Advisory Committee at the time, stated that the government is exploring options to fund Bitcoin acquisitions through tariff revenue and the reassessment of Treasury gold certificates. #BTC再创新高