"Government Shutdown Brings Bitcoin Back to the Forefront"

Praise for Bitcoin

Notable figure in the finance world Scott Bessent praised Bitcoin's “never-closing” structure. In a post on the social media platform X on October 31, he emphasized the importance of this feature and criticized Senate Democrats.

Stablecoin and Strategic Reserve

Bessent's views align with statements made earlier this year regarding the support for stablecoins under the GENIUS Act. He also brought up the work on creating a Strategic Reserve for Bitcoin.

Federal Shutdown and Workers

These statements coincided with a partial federal shutdown period during which approximately 900,000 employees were laid off and many agencies suspended their services.