U.S. Treasury Secretary Scott Bessent made headlines by stating that the U.S. will not acquire Bitcoin for a strategic reserve. He mentioned the existing $15 billion to $20 billion already held by the government from past confiscations. This news comes amid fluctuating Bitcoin prices, with recent movements showing prices easing from $124,000 to $117,000. Bessent indicated that funding would primarily be derived from forfeited assets rather than fresh purchases. As discussions around government involvement in cryptocurrencies continue, this stance could have lasting implications for Bitcoin’s market dynamics and regulatory landscape.