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US Treasury Secretary's Bitcoin policy remarks trigger price swings and strategic debate.

Market News
22 Jul 2026
Crypto Briefing
View Source
Bullish
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US Treasury Secretary Scott Bessent's comments on the government's Strategic Bitcoin Reserve policy have caused Bitcoin price volatility. He confirmed no new Bitcoin purchases, relying instead on existing confiscated assets worth $15-20 billion, which initially pushed prices down. Bessent compares Bitcoin to gold as a store of value and is exploring the growing stablecoin market, expected to reach $2 trillion. His views highlight Bitcoin's evolving role as a political and defensive asset amid market and regulatory uncertainties.

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