Bitcoin News Today: U.S. Treasury Official Cites Bitcoin as Emerging Store of Value Like Gold

U.S. Treasury Secretary Scott Bessent has publicly characterized Bitcoin as an "emerging store of value," equating it with traditional assets like gold in a recent statement. This acknowledgment marks a notable shift in the government’s rhetoric toward Bitcoin, moving beyond a focus on its speculative or transactional aspects to highlight its potential as a long-term value-preserving asset [1]. Bessent, with a background in investment management, has consistently emphasized Bitcoin’s growing relevance in financial discourse, and this latest remark is likely to reinforce its credibility among institutional investors [3].

The Treasury’s stance reflects a broader acceptance of Bitcoin within financial circles, particularly amid economic uncertainty. The comparison to gold—a long-standing symbol of stability and value—further legitimizes Bitcoin’s position as a component of diversified investment portfolios [4]. This evolving perspective aligns with recent corporate actions, such as Profusa, a digital health firm, which recently committed $1 million to Bitcoin, citing its role as a "digital store of value." This move aligns with a growing trend among businesses seeking to hedge against macroeconomic volatility through digital assets [3].

Market data also supports the idea that Bitcoin is being treated more seriously as a store of value. According to Glassnode, Bitcoin holders are currently sitting on unrealized profits of $1.41 trillion, the highest level on record. This metric suggests a shift in investor behavior, with many adopting a long-term perspective rather than short-term speculation [4]. As stablecoins and institutional players increasingly treat Bitcoin as a serious asset, its role in the broader financial ecosystem continues to expand beyond speculative trading [5].

The timing of Bessent’s remarks is particularly strategic, as the White House prepares to release a major crypto policy report that could drive legislative action to formalize the regulatory framework for digital assets. This report is expected to advocate for clarity on the legal status of Bitcoin and other cryptocurrencies, which could further accelerate institutional adoption [2]. Bessent’s comments may represent part of a coordinated effort by the administration to position the U.S. as a leader in shaping responsible and forward-looking digital asset policies.

Although the Treasury Secretary’s statement does not constitute an investment endorsement or a policy change, it reflects a more nuanced and pragmatic understanding of Bitcoin’s role in the economy. As institutional interest grows and regulatory clarity improves, the U.S. Treasury’s acknowledgment of Bitcoin as an emerging store of value represents a critical step toward its integration into the broader financial system. This development could lead to increased adoption by institutions, higher investment volumes, and a more diverse financial landscape that includes digital assets as legitimate components alongside traditional ones [1].

Sources:

[1] https://x.com/CryptoNewsHntrs/status/195064182933665

[2] https://www.marketscreener.com/news/white-house-set-to-unveil-closely-watched-crypto-policy-report-ce7c5fdfdb89ff27

[3] https://natlawreview.com/press-releases/profusa-announces-initial-1-million-bitcoin-investment-initiate-its-digital

[4] https://www.msn.com/en-us/money/markets/bitcoin-holders-unrealized-profit-has-reached-a-new-peak-of-1-41-trillion/ar-AA1JBEUP?ocid=finance-verthp-feeds

[5] https://www.facebook.com/groups/492496885232267/posts/150****90447