U.S. Treasury Secretary Bessent Acknowledges Bitcoin's Role as Store of Value Amid Lummis' Endorsement of RFK Jr's Debt Reduction Plan

U.S. Treasury Secretary Scott Bessent has publicly stated that Bitcoin is increasingly being recognized as a store of value. This comment was made during an interview on The Tucker Carlson Show, highlighting a shift in perception towards the cryptocurrency.

Senator Cynthia Lummis has endorsed a proposal by Robert F. Kennedy Jr. to use Bitcoin as a U.S. Treasury reserve, suggesting that such a move could significantly reduce or even eliminate the national debt. Lummis proposed converting gold certificates to their current fair market value and then into Bitcoin to achieve this on a budget-neutral basis. She also mentioned that Bitcoin could reduce the national debt by half and emphasized its potential as a global store of value.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.