
Jakarta, Pintu News – A controversial statement from the US Secretary of the Treasury, Scott Bessent, saying that the US government would not buy Bitcoin , sent the cryptocurrency market reeling.
However, on August 14, 2025, Bessent again clarified that the US Treasury is still exploring “budget-neutral” ways to acquire Bitcoin to strengthen the Bitcoin Strategic Reserve.
The plan aims to expand the country’s Bitcoin reserves without increasing the burden on the state budget. Initially, Bessent’s comments led to a sharp drop in Bitcoin price, but this clarification provided some calm to the previously panicked market.

The Bitcoin Strategic Reserve is an initiative that aims to strengthen the US position in the crypto world by keeping Bitcoin as part of the country’s reserves. The initiative started with Bitcoins seized by the government, which were used to form the reserve.
Bessent emphasized that while the US government will not be buying new Bitcoin with budget money, they remain committed to exploring non-budget ways to acquire more Bitcoin, such as through seized assets. The ultimate goal of this reserve is to realize the US President’s promise to make the country the “Bitcoin superpower” of the world.

“Budget-neutral” is a term used to describe a strategy where the US government would acquire Bitcoin without using new taxes or funds. Some of the strategies considered for this include the reassessment of government gold certificates and tariff revenue.
However, despite the government’s efforts not to increase state spending, there are major challenges in implementing this plan. Some members of Congress argue that in order to implement this plan, approval from the legislature is required, which slows down the process.

Following the clarification provided by Bessent, Bitcoin (BTC) price recovered slightly from the sharp drop that occurred after his statement on FOX Business. At the time, Bessent’s initial comment that the government would not buy Bitcoin triggered a drop in Bitcoin price from $121,073 (approximately Rp1.95 billion) to $118,886 (approximately Rp1.92 billion) within 40 minutes, which wiped $55 billion off Bitcoin’s market capitalization.
However, despite the clarification, some crypto investors remain skeptical. Many feel that although the US government has expressed intentions to buy Bitcoin, real implementation is still far from reach. Some investors are of the opinion that the government still needs to do more and realize the promise rather than just talking about “exploring”.

One of the biggest challenges in this plan is the speed of execution. Since President Trump issued an Executive Order in March 2025, ordering the establishment of the Bitcoin Strategic Reserve and Digital Asset Stockpile, the implementation process has been slow. Some fear that the US will fall behind in global competition if it does not take immediate action.
One option being considered is to sell some of the reserve gold or use the Federal budget surplus to buy Bitcoin without increasing the tax burden. However, this requires approval from Congress which remains a major obstacle.
The US government’s plan to build a Bitcoin reserve could have a major impact on the crypto market. If the US manages to buy large amounts of Bitcoin, it could strengthen Bitcoin’s legitimacy in the global market, and increase demand for Bitcoin from other countries and institutional investors.
However, high volatility and uncertainty about how and when the US will start acquiring Bitcoin may create short-term risks for the crypto market. In addition, the sell-off of previously seized Bitcoin could impact the price of Bitcoin in the short term.
Clarification from the US Secretary of the Treasury regarding the government’s plan to buy Bitcoin without increasing state spending provides a clearer picture of Bitcoin’s Strategic Reserve.
While there is hope that this move will strengthen the US position in the cryptocurrency world, slow implementation and legislative uncertainty remain key challenges. Investors should remain alert to the possibility of large price fluctuations in the near future.
Also Read: 7 Ethereum (ETH) Developments to Anticipate in 2025
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