BTC News: U.S. Treasury Secretary Scott Bessent Praises Bitcoin's Resilience

U.S. Treasury Secretary Scott Bessent praised Bitcoin's resilience in an October 31 post marking the anniversary of Bitcoin's white paper, emphasizing its continuous operation unlike the current gridlock in Washington. His comments came amid a partial federal shutdown, highlighting the contrast between Bitcoin's perpetual uptime and Congress's inability to pass funding bills. Bessent highlighted the importance of Bitcoin’s design and mentioned the possibility of a Strategic Bitcoin Reserve. Back in July, he described stablecoins as a potential revolution in digital finance. Reactions to his post revealed divisions in the crypto community, with some voices supporting Bessent's remarks while others criticized aspects of Bitcoin's network strength. His statements reaffirm the Treasury's intention to keep cryptocurrency and digital assets in policy discussions, especially during politically charged times.

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