U.S. Treasury Secretary Scott Bessent has publicly declared that Bitcoin possesses similar qualities to gold, highlighting the cryptocurrency’s potential as a store of value. This bold stance from the U.S. Treasury bolsters market sentiment and suggests a shift in financial strategy. 2% price gains for Bitcoin followed Bessent’s remarks, reflecting growing acceptance within the financial system. His statements align with his past support of crypto adoption policies, furthering Bitcoin’s legitimacy within global finance. The statement from Bessent marks a turning point as it fuels further institutional interest in Bitcoin, increasing its potential to be used as part of fiscal reserves. This recognition echoes El Salvador’s historic decision to adopt Bitcoin as legal tender, further solidifying the cryptocurrency’s global financial standing.