Big news in the crypto world! On Thursday, US Treasury Secretary Scott Bessent announced the government will stop selling its Bitcoin reserves, which are valued at around $15B to $20B. đđ°
Heres why this move matters:
- Less Supply, More Demand: Fewer BTC being sold by the govt could tighten the market and push prices up. đ
- Market Confidence: Holding steady signals belief in Bitcoin as a long-term digital asset. đ
- Policy Shift: It may hint at future strategies for digital currencies and blockchain adoption. đ
In a region where mobile payments and digital wallets are boomingâfrom Indias UPI to Indonesias GoPayâthis pause in Bitcoin sales is a sign that crypto is here to stay. Whether youre HODLing or just curious, keep an eye on how prices react and what this means for mainstream crypto adoption.
Stay tuned for updates and let us know your thoughts! đ„
Reference(s):
U.S. treasury secretary says government to stop selling Bitcoin
cgtn.com
