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US Treasury’s Scott Bessent Made The Case For Stablecoins And Tokenization — Now A Wall Street Veteran Says Crypto Skeptics Should Take Note

US Treasury’s Scott Bessent Made The Case For Stablecoins And Tokenization — Now A Wall Street Veteran Says Crypto Skeptics Should Take Note

As Bitcoin (BTC) continued to trade around the $64,000 level amid what Jordi Visser called ‘brutal’ sentiment on Friday, the Wall Street veteran said everyone needs to read Treasury Secretary Scott Bessent’s speech on American economic statecraft and its implications for digital assets.

“As BTC closes in on the 50 day moving average and sentiment is brutal, I think everyone whether you believe in crypto or not, needs to read both the Scott Bessent speech and the Mohammed El-Erian NYT Op-Ed about the importance of the speech for Wall Street,” Visser said in a post on X. “You can no longer have no view on crypto or just call it a speculative asset especially with agentic commerce coming soon.”

Bitcoin’s price was up over 0.4% during…

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