Institutional confidence in Bitcoin sees a potential upturn.
U.S. Treasury Secretary Scott Bessent praised Bitcoin’s reliability compared to the U.S. legislative process during a government shutdown, posting on October 31, 2025, via his official social media account.
Bessent’s endorsement during a federal impasse hints at future institutional interest in Bitcoin, highlighting its operational strength amid political challenges.
U.S. Treasury Secretary
This remark contrasts with the ongoing federal government shutdown, emphasizing the network’s operational reliability.
Reactions include Hunter Horsley of Bitwise, celebrating Bitcoin’s mainstream status. Others have expressed more critical views, like Luke Dashjr and Eric Wall, emphasizing internal tensions and technical challenges with the Bitcoin network.
Did you know? In previous government shutdowns, Bitcoin’s uninterrupted operation was touted by enthusiasts, but this is the first prominent acknowledgment by a high-ranking government official.
As per CoinMarketCap, Bitcoin trades at $109,976.92, with a market cap of 2.19 trillion and a 24-hour volume of $25.21 billion. It shows a slight positive trend over 24 hours but has dipped in seven, 30, and 90-day metrics.
Coincu’s research team suggests Bessent’s endorsement may lead to increased institutional engagement. Historical trends indicate possible growth in institutional adoption, framing Bitcoin as a resilient alternative amidst fiscal policy uncertainties.
