US Treasury Secretary: Bitcoin is increasingly viewed as digital gold
Date: 2025-04-07 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Scott Bessent emphasized that the perception of Bitcoin has changed significantly. Previously, it was known for its high volatility and was used mainly for speculative trading. Now Bitcoin is increasingly perceived as digital gold - a reliable way to save capital.
The Minister noted that the current position of the US Treasury Department and his own optimism about the future role of Bitcoin coincide with global trends, where cryptocurrency is seen as an effective means for long-term investment. Bessent believes that this change in perception is due to the increased interest in Bitcoin as a risk hedging tool.
As a supporter of the crypto industry, Bessent sees Bitcoin as a potential tool for overcoming economic difficulties. This is especially true in a situation where the capitalization of the US stock market is falling amid tough import duties imposed on most countries. According to the minister, investors will look for more stable assets to preserve their capital, and Bitcoin may become one of these assets.
In addition, the US Treasury Department recently exempted US citizens and US crypto companies from mandatory anti-money laundering reporting under the Corporate Transparency Act. This step also contributes to a more favorable attitude towards cryptocurrencies on the part of US authorities.
