Recently, a statement released by U.S. Treasury Secretary Janet Yellen has sparked strong reactions in the Crypto Assets market. According to this statement, the U.S. government currently holds approximately $15-20 billion worth of Bitcoin and has decided to suspend the sale of these digital assets. This move is not just a simple policy adjustment; it seems to imply an elevation of Bitcoin's status in the eyes of officials.



Yellen specifically pointed out in her statement that the U.S. government will not reassess its gold reserve policy but will continue to pay attention to the strategic value of Bitcoin. This statement is quite significant, implying that Bitcoin may be viewed as a strategic reserve asset similar to gold.

For a long time, gold has been an important strategic reserve asset for various countries. The fact that the U.S. government has singled out Bitcoin for discussion while maintaining a stable policy on gold seems to indicate that Bitcoin is being incorporated into the category of national strategic reserve assets.

It is worth noting that the U.S. government has occasionally sold some Bitcoin in the past, mainly to test market liquidity. The announcement to stop selling this time actually means that the government intends to hold these digital assets for the long term. This decision shows that the U.S. government may be viewing Bitcoin as a tool to hedge against fiat currency risks and stabilize the national asset structure, similar to the role of gold.

This recognition from the official level may have an influence that exceeds any institution's increase in Bitcoin holdings. The amount of Bitcoin held by the U.S. government accounts for about 1% of the current Bitcoin circulation, and such a large holding coupled with the decision to stop selling may have multiple impacts on the market: firstly, it directly reduces the potential selling pressure in the market; secondly, it enhances investors' confidence in the long-term value of Bitcoin; lastly, it may prompt other countries and institutions to reassess the strategic position of Bitcoin.

With the implementation of this decision, the Crypto Assets market may welcome new development opportunities. However, investors still need to be cautious, closely monitor market trends and policy changes, and make rational investment decisions.
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SorryRugPulledvip
· 08-16 10:21
Reverse Indicator Yellen has changed.
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0xTherapistvip
· 08-15 04:50
The big crocodile has also taken action.
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FancyResearchLabvip
· 08-15 04:49
Bitcoin has finally risen.
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NFTArchaeologisvip
· 08-15 04:46
It seems like I have to enter a position again.
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SingleForYearsvip
· 08-15 04:41
The bull run has begun.
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OvertimeSquidvip
· 08-15 04:30
The U.S. government is really great.
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StopLossMastervip
· 08-15 04:29
Another bull run is coming.
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