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Jordan Peterson: "If it's ramping up exponentially... why won't Bitcoin just suck the investment capital out of everything?"
Michael Saylor: "It is, and it will. That's why I'm here."
@headlines
Michael Saylor: "It is, and it will. That's why I'm here."
@headlines
Michael Saylor's Strategy currently has a $2,100,000,000 unrealized loss on its Bitcoin investment.
@headlines
@headlines
On February 4, 2026, US Treasury Secretary Scott Bessent made it explicit: the US government cannot and will not rescue Bitcoin.
During a House Financial Services Committee hearing, Bessent pushed back against Congressman Brad Sherman, who questioned whether the Treasury or regulators could step in during a crypto crash similar to the 2008 bank bailouts by forcing banks to buy BTC, changing regulations, or allocating public funds to stabilize crypto markets.
Bessent’s response was blunt:
“I am the Treasury Secretary. I don’t have such a position.”
He clarified that neither the Treasury Department nor the Financial Stability Oversight Council (FSOC) which he chairs has the authority to:
• Direct banks to invest in Bitcoin
• Use taxpayer money to support crypto assets
• Intervene to stabilize BTC in a market collapse
Bitcoin Reserve? Strategic backstop? Bailout? None.
This is the clearest confirmation yet: Bitcoin is on its own by design.
@headlines
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