U.S. Treasury Secretary Embraces Bitcoin – Will BTC Skyrocket to $150K and Beyond?
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With pro-crypto policies gaining traction in Washington and states moving to adopt Bitcoin as a strategic reserve, analysts are predicting a major Bitcoin price breakout. CoinCodex AI prediction algorithm forecasts BTC surpassing $150,000 by April 2025, fueled by institutional adoption, government support, and growing supply scarcity. Is this the beginning of Bitcoin’s next parabolic run? U.S. Treasury Secretary Scott Bessent: “Crypto is About Freedom” In a recent interview with Fox Business, U.S. Treasury Secretary Scott Bessent expressed strong support for Bitcoin and crypto adoption, aligning with President Trump’s pro-crypto stance. He emphasized that the crypto economy is here to stay and criticized the Democratic Party’s approach to digital assets. I’ve been excited about the president’s embrace of crypto, and I think it fits very well with the Republican Party ethos. Crypto is about freedom, and the crypto economy is here to stay. He accused the Democrats of distancing themselves from crypto due to the fallout from Sam Bankman-Fried, the disgraced FTX founder whose donations were heavily linked to the Democratic Party. They’re willing to take down the whole industry because of bad behavior on their part, bad behavior from one actor. Beyond politics, Bessent highlighted Bitcoin’s role in bringing new investors into markets, particularly younger generations who have been skeptical of traditional finance. Crypto is bringing in young people. It’s bringing in people who haven’t participated in markets. Having a market culture in the U.S. and people believing that markets work for them is the centerpiece of capitalism. With institutional adoption rising and states exploring Bitcoin as a reserve asset, Bessent’s comments reinforce the idea that crypto is becoming a key part of America’s financial future. 🚀 BULLISH: U.S. Treasury Secretary Scott Bessent Backs #Bitcoin! 🇺🇸 “Bitcoin is about freedom, and the crypto economy is here to stay.” With states…
Filed under: News - @ February 1, 2025 2:15 pm