US Treasury plans to continue accumulating Bitcoin, Treasury Secretary discussed at private dinner with CleanSpark executive
Key Takeaways
- US Treasury Secretary Scott Bessent reportedly discussed plans for the government to continue accumulating Bitcoin during a private meeting with industry executives.
- The US currently holds about $17 billion in Bitcoin and does not plan to sell it, Bessent reiterated.
US Treasury Secretary Scott Bessent discussed the government’s Bitcoin holdings and accumulation strategy during a private dinner with CleanSpark Executive Chairman Matthew Schultz.
According to a post from Schultz, the conversation touched on the crypto market structure bill, the US economy, and the Strategic Bitcoin Reserve. Schultz described the meeting as a sign of growing engagement between senior US policymakers and the Bitcoin mining sector.
The US is positioning itself as a hub for digital assets, with Bessent confirming plans to retain and expand government Bitcoin holdings amid growing institutional adoption of the cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zcash’s Unpredictable Rise: Immediate Drivers and Future Outlook for Privacy
- Zcash (ZEC) rebounded 20% after a 55% drop, testing $375 as liquidity events and technical indicators fueled short-term optimism. - RSI/MACD signals suggest potential $475 breakout if bulls reclaim $375, though ZEC remains 57% below its 2025 peak. - Institutional adoption grows with Grayscale Zcash Trust assets surging 228%, driven by optional privacy tech attracting both retail and institutional users. - Regulatory scrutiny under MiCA and FinCen rules, plus Zcash's hybrid privacy model vs. Monero/Dash,
Zcash Halving and Its Impact on the Cryptocurrency Market
- Zcash’s 2028 halving will reduce block rewards by 50%, mirroring Bitcoin’s scarcity-driven model. - Historical data shows pre-halving price surges, fueled by FOMO and social media-driven hype cycles. - Behavioral economics highlight crypto markets’ reliance on narratives over fundamentals, with sentiment driving 30% of short-term price swings. - Zcash faces adoption challenges despite robust privacy tech, as regulatory uncertainty and competition limit its market share growth. - The 2028 event tests whet
Algo Slips 0.22% as Market Volatility and Investor Lawsuits Intensify
- ALGO fell 0.22% on Dec 7, 2025, marking a 60.15% annual decline amid broader market turbulence. - Investor lawsuits against Alvotech (ALVO) and agilon health (AGL) triggered 34-51.5% stock drops over alleged misrepresentations. - Rising litigation in healthcare/biotech sectors highlights investor demands for corporate transparency and regulatory compliance. - ALGO's decline reflects sector-wide risk aversion rather than direct legal ties, with analysts predicting prolonged caution until regulatory clarit
The Importance of Teaching Financial Skills Early for Lasting Wealth Accumulation
- Early financial education reduces cognitive biases like anchoring and overconfidence, improving investment decisions and wealth accumulation. - College-level programs enhance critical thinking, leading to measurable outcomes like higher credit scores and reduced debt in states like Georgia and Texas. - Long-term benefits include compounding returns, with Utah and Chile showing increased savings rates and retirement planning due to mandatory financial literacy. - Addressing systemic gaps, educated investo
Trending news
MoreCrypto prices
More
