Bitcoin (BTC) continues to experience drop after drop. At this point, it has fallen below $82,000 during the day.
At this point, while people were wondering how long the decline in BTC could continue, an unusual move came from US Treasury Secretary Scott Bessent.
Accordingly, US Treasury Secretary Scott Bessent dropped by unannounced at the grand opening of Pubkey DC, the new Bitcoin-themed bar in Washington.
Bessent's move sparked a surge of activity within the US Bitcoin community, who viewed his surprise visit to Pubkey DC as a symbolic contribution to Bitcoin's growing visibility.
Industry figures praised Bessent's outlook, citing his pro-crypto stance.
At this point, Nakamoto's Vice President of Investor Relations, Steven Lubka, described Bessent's move as “the signal you've been waiting for.”
Many prominent Bitcoin supporters, including Bitcoin analyst Fred Krueger, Gemini General Secretary Jeff Tiller, Bitcoin podcaster Natalie Brunell, and Bitcoin Policy Institute co-founder David Zell, also viewed Bessent's participation as an extremely positive sign for Bitcoin.
Bessent's support for the Bitcoin bar was noteworthy, coming at a time when bearish sentiment surrounding Bitcoin persists, as BTC has fallen by more than 10% in the last 24 hours to $82,000.
*This is not investment advice.
