U.S. Treasury Secretary: "Bitcoin Sales Halted, No Additional Purchases... Fed May Accelerate Rate Cuts"

U.S. Treasury Secretary Scott Bessent announced that the sale of Bitcoin (BTC) holdings would be stopped and that gold would be maintained as a store of value.

According to the overseas economic news channel Walter Bloomberg on the 14th (local time), Secretary Bessent stated, "The size of the U.S. Bitcoin reserves reaches about $15 billion to $20 billion, and (in the future) there will be no purchases; we plan to utilize seized assets." He also added that the likelihood of revaluing gold's assessed value is low.

Regarding the Federal Reserve (Fed), the U.S. central bank, he said, "Someone who can rationalize the system is needed for the position of Fed Chair," and mentioned that there is room for continuous interest rate cuts. He emphasized, "We might start with a 25bp (0.25% points) reduction and could accelerate the pace," and "I have never asserted that the target rate should be lowered by 1.5% points."

While drawing a line by stating, "I did not direct the Fed on what it should do," Secretary Bessent nevertheless hinted at a gradual rate-cutting stance.