U.S. Treasury Secretary Bessent Recognizes Bitcoin’s Value Like Gold

2 mins mins

Key Points:

Scott Bessent compares Bitcoin to gold, noting shared value properties.
Bitcoin’s price increased by 2% following the statement.
Significant pro-crypto stance by U.S. Treasury boosts market sentiment.

U.S. Treasury Secretary Scott Bessent stated on April 5, 2025, during an interview with Tucker Carlson that Bitcoin is akin to gold as a store of value.

Bessent’s remarks highlight Bitcoin’s growing role in the financial system, echoed by a 2% price gain amid optimism on crypto integration.

U.S. Treasury’s Bold Crypto Comparison Spurs Market Movement

Scott Bessent, the U.S. Treasury Secretary, described Bitcoin as an emerging store of value akin to gold during an interview. Bessent’s statement underscores Bitcoin’s increasing acceptance in global finance. This acknowledgment is consistent with his prior emphasis on crypto policies that encourage adoption.

Bitcoin’s recognition as a comparable store of value to traditional assets like gold suggests a shift in financial strategy. This perspective might propel greater institutional adoption, reinforcing the asset’s standing within fiscal reserves.

Following Bessent’s statement, Bitcoin’s price increased, reflecting positive market sentiment. Industry leaders have echoed the sentiment, with comparisons to established stores of value bolstering confidence in Bitcoin’s future.

Bitcoin and Gold: Numbers Show Growing Financial Legitimacy

Did you know? The U.S. Treasury’s recognition aligns with El Salvador’s historic adoption of Bitcoin as legal tender, reinforcing Bitcoin’s global financial legitimacy.

As reported by CoinMarketCap on April 5, 2025, Bitcoin is trading at $82,750.88 with a market cap of $1.64 trillion, marking a 0.38% decline in the past 24 hours. The circulating supply stands at 19,847,062 coins, nearing its max cap of 21 million.

bitcoin-daily-chart-163 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 14:06 UTC on April 5, 2025. *Source: CoinMarketCap*

Insights from Coincu’s research indicate an optimistic forecast for Bitcoin’s integration into national financial policies. This trajectory, marked by increased institutional interest, may significantly bolster Bitcoin’s strategic appeal as a secure, enduring form of value.