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

U.S. Treasury Secretary Scott Bessent celebrated the 17th anniversary of Bitcoin's white paper on October 31, highlighting the cryptocurrency's resilience, which he contrasted with the current gridlock in Congress during a partial federal shutdown. His remarks included a jab at Senate Democrats, suggesting they could learn from Bitcoin's uninterrupted nature. Bessent's comments follow previous endorsements of stablecoins under the GENIUS Act and remarks about a potential Strategic Bitcoin Reserve. The anniversary of the Bitcoin white paper is significant, marking the introduction of a peer-to-peer electronic cash system that has functioned continuously since its inception in 2009. Bessent's statements sparked varied responses within the crypto community, with some praising Bitcoin while others criticized its current state. This discussion comes amidst a federal shutdown affecting hundreds of thousands of workers, further emphasizing the reliability of Bitcoin compared to the political process.

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