The US Minister of Finance said that, in his opinion, Bitcoin acquires a special weight and goes into the category of savings.

Scott Bessent in a conversation with former TV presenter Tucker Carlson saidthat the perception of bitcoin is gradually transformed from the object of speculation into a recognized asset to preserve capital.

“If earlier the flagship cryptocurrency was associated mainly with the volatility and speculative trade, now it is increasingly considered as digital gold,” the official said.

The Minister of Finance of the United States said that the position of the department and its optimism regarding the future role of bitcoin in the international financial system is consistent with wider trends, where the WTS is assigned the role of saving.

As a supporter of the crypto industry, Scott Immroden sees in Bitcoin one of the ways to confront economic challenges, which can be especially pronounced against the backdrop of the fall in the capital of the US stock market, which happened after the introduction of high import duties against almost the whole world. Investors are likely to look for asylum for their investments in less volatile assets, the official believes.

Earlier, the US Department of Finance freed the country’s residents and American cryptocurrencies from the need to submit reports on the fight against money laundering, which was required by the law on corporate transparency.