Why does the US Treasury Secretary Support Bitcoin (BTC)?

Jakarta, Pintu News – In a surprising development, the United States Treasury Secretary, Scott Bessent, recently made a statement in favor of Bitcoin (BTC). Charles Hoskinson, founder of Cardano, expressed his amazement to see a high-ranking official like Bessent speaking positively about Bitcoin. This signals a major shift in the American government’s attitude towards cryptocurrencies.

Charles Hoskinson’s reaction

Charles Hoskinson, known as the founder of Cardano, responded quickly to Scott Bessent’s post on platform X. Hoskinson called the moment “profoundly magical” and showed a significant change in attitude from the previous administration’s anti-Bitcoin (BTC) leanings.

Bessent’s statement praising the reliability of Bitcoin (BTC) over the years made headlines. It suggests that the current administration may be more open to the integration of blockchain technology and cryptocurrencies in the mainstream financial system.

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Pro-Crypto Administration in the US

Bessent’s post commemorating the 17th anniversary of the publication of the Bitcoin (BTC) Whitepaper by Satoshi Nakamoto became an important symbol of the government’s support for crypto. It marks an important shift from the previous more conservative attitude towards digital currencies.

With the support of the administration led by President Donald Trump, the US seems to be moving towards a wider adoption of cryptocurrencies. This could have a significant impact on how cryptocurrencies are viewed and regulated in the future.

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France and Bitcoin’s Strategic Reserve

In Europe, France is taking a big step by proposing the creation of a Bitcoin (BTC) Strategic Reserve. Eric Ciotti, President of the UDR, has submitted a draft law to acquire 2% of the Bitcoin (BTC) supply, which means about 420,000 BTC, within 7-8 years.

The purpose of this reserve is to protect France’s financial sovereignty. This move, if approved, will make France the first country in Europe to have a strategic reserve in the form of Bitcoin (BTC), marking a new era in the acceptance of cryptocurrencies at the governmental level.

Conclusion

Endorsements from important figures such as Scott Bessent and the bold steps taken by France show that Bitcoin (BTC) and other cryptocurrencies are gaining acceptance in the global financial mainstream. This change in attitude not only indicates technological advancement but also a shift in economic policy that could have a lasting impact on the global economy.

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Reference

• Coinspeaker. Charles Hoskinson Reacts to Treasury Sec. Scott Besent’s Bitcoin Post. Accessed on November 3, 2025
• Featured Image: Generated by Ai