Scott Bessent’s statement reflects a growing perspective among some financial experts and policymakers that Bitcoin is evolving into a “store of value”—a type of asset people hold to preserve wealth over time, like gold or real estate. This idea hinges on Bitcoin’s fixed supply (21 million coins), decentralized nature, and increasing adoption by institutions and individuals. For example, companies like MicroStrategy and Tesla have added Bitcoin to their balance sheets, treating it as a hedge against inflation or currency devaluation, which aligns with Bessent’s view.
