Bloomberg’s to the news Hedge fund manager named as the new US Treasury Secretary Scott Bessentspot Bitcoin $93,857.8 He is preparing to sell his investments in ETFs. It is known that the American billionaire investor has shares worth less than $ 500 thousand in BlackRock’s iShares Bitcoin Trust ETF (IBIT) fund.
List of Bessent’s $500 Billion Assets
According to Bessent’s personal wealth declaration, his total assets are worth over $500 billion. Right now SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ) and Invesco S&P 500 Equal Weight ETF Bessent, which has large funds such as (RSP), also iShares Gold Trust (IAU), iShares Silver Trust (SLV) and SPDR Gold Shares They also have investments in small amounts of precious metal funds such as (GLD).
On the other hand, if he is approved for his new position, he will be working with the Connecticut-based hedge fund he co-founded in 2015. Key Square GroupHe will have to leave.
Seen as Cryptocurrency-Friendly Minister
Bessent, current Treasury Secretary in case of approval Janet YellenIt will replace . Bessent, known for his close stance on the cryptocurrency market, said in an interview with Fox Business channel in July, “Cryptocurrencies mean freedom. It came to the fore with the statement “This industry will be permanent”, and this statement was interpreted as positive for the cryptocurrency market at that time.
Bessent will, in a sense, withdraw from Bitcoin by selling his Bitcoin ETF investments. cryptocurrency market An important situation for While his impact on the markets and the policies he will follow as the new Minister of Treasury are a matter of great curiosity, the effects of this decision are unclear for now.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
