Market News

US Treasury Secretary Highlights Bitcoin’s Longevity Amid Government Shutdown

On the 17th anniversary of the Bitcoin white paper, U.S. Treasury Secretary Scott Bessent delivered an optimistic message regarding Bitcoin's resilience.

In a post on social media, he noted, “Bitcoin never shuts down,” suggesting that lawmakers could learn from the network's continuous operation.

Bessent's commentary comes as the U.S. government faces a partial shutdown, reinforcing the notion that Bitcoin remains active while traditional systems struggle.

The original white paper, published in 2008 by Satoshi Nakamoto, revolutionized the concept of decentralized currency, demonstrating peer-to-peer transactions without intermediaries.

Bessent's statements align with a growing positive stance from the Treasury on digital finance, particularly regarding stablecoins as essential innovations.

U.S. Senator JD Vance, speaking at the Bitcoin 2025 conference, predicted that Bitcoin ownership in the U.S. could double, reflecting a surge in mainstream acceptance.

He emphasized Bitcoin as a vital hedge against inflation and government control, indicating its integration into everyday financial strategies.

Increasing interest from Wall Street and the potential passing of the Clarity Act could provide a solid foundation for regulatory clarity in crypto.

Despite recent market downturns, Bitcoin is recognized as a deflationary asset with a limited supply, making it an attractive long-term investment.

As Bitcoin continues to thrive, the interplay between technology, regulation, and investor sentiment will be crucial for shaping the future of digital currencies in the U.S.