On a day when the Bitcoin community was buzzing more than a hive being jolted with a fork, they found themselves in a frenzy of joy (and, yes, occasional panic 😂). Why? Well, US Treasury Secretary Scott Bessent decided to grace-then suddenly maybe not grace-the grand opening of China’s newest Bitcoin-themed watering hole, Pubkey, in Washington, DC. It was as if he’d stepped out of a time machine… except he just stepped out of his government car, and everyone was both puzzled and a tad excited. 🚗💡
The scene could easily be misunderstood as something straight out of “The Bubble Busters: Financially Challenged Edition.” “Having the Secretary of the Treasury at the Pubkey DC launch seems like a moment I could easily look back on and say ‘wow, it was all so obvious’,” chuckled Ben Werkman, CIO of some Bitcoin treasury group called Strive. Apparently, hindsight is a fascinating thing.
Steven Lubka from Nakamoto, scrabbling at the bottom of investor relations, patted their hearts saying, “This is the sign we’ve been waiting for.” It was like spotting Bigfoot but with less shouting and more combining twins.
The Pro-Crypto Henchman Emerges
The rumor mill chattered on, and it appeared Scott Bessent walked in pro-crypto on both sides of his polished moves. Bitcoin bigwigs from Fred Krueger the Analyst to Jeff Tiller, Keeper of the Gemini Gates, and Natalie Brunell, the Bitcoin Whisperer, all saw Bessent’s unforeseen appearance as anything but coincidence. David Zell, co-founder of the Bitcoin Policy Institute, even hummed a happy tune. 🎵
Indeed, since drawing Treasury Department whispers in 2024, Bessent wore the “crypto-friendly” cap tighter than a gamer on a caffeine jag. He had nodded in favor of numerous cryptocurrency bills including the cryptically named GENIUS Act, a sure sign he wasn’t afraid to embrace inscrutability.
Just in August, he had to clarify that his government folks were neck-deep in trying to think of brilliant cost-neutral ways to buy Bitcoin for the Strategic Bitcoin Reserve. The thought evidently involved far more meetings and fewer marshmallows.
A couple of traders even tried to link his appearance to Bitcoin’s latest hiccup in price. “In this type of market, signals like this don’t matter much. Eventually, traders look back and realize it mattered,” quipped crypto trader MacroScope. It’s like predicting rain based on the color of your socks-which, by the way, are usually white for most traders.
The Enigma of a Bitcoin Wobble
Sure, Bessent’s wholehearted support for the Bitcoin bar was a charming entrance. Yet, it was happening amidst the somber echoes of Bitcoin’s recent slump. After soaring to a dizzying high of $125,100 on a day that was clearly special for Bitcoin, it had been sliding into a downward burrow, settling at around $85,500 at the time everyone was writing about this.
Social media whispers, goldfish-style, were split between those who thought Bitcoin would dive for $20,000 or those who believed more sun was on the horizon, well around the $100,000 to $130,000 range-a fair lottery win for some.
Now, as for Pubkey-the kid eventually decided to flex its sibling connections. The New York version of Pubkey had shone the spotlight brighter than any presidential candidate’s smile when, in 2024, Mr. Trump himself made a campaign stop, which helped it become somewhat of a social phenomenon.
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2025-11-21 08:07