Simply Bitcoin Scott Bessent Accidentally Admits the Truth About The Strategic bitcoin Reserve | EP 1433
Feb 4, 2026
John Cheneau, entrepreneur building Bitcoin travel and community projects. He talks about integrating Bitcoin payments into private jet bookings and real-world services accepting crypto. He previews the Citadel Theory film about Bitcoin communities in Argentina. Short, punchy discussion of onboarding merchants, AML concerns, and practical adoption steps.
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Seized Bitcoin Became A De Facto Reserve
- Brad Sherman pressed Scott Bessent on whether seized Bitcoin could be used as a government asset and whether the Treasury can deploy tax dollars to buy Bitcoin.
- The exchange revealed the Treasury retained seized Bitcoin and its value rose from $500M to about $15B, signaling budget-neutral acquisition via forfeiture.
No Bailouts Is Bitcoin's Core Feature
- Simply Bitcoin Host explained there are no bailouts inside Bitcoin and custody errors are irreversible.
- This lack of reversal is why many Bitcoiners view Bitcoin as a corrective to fiat-era bailouts and moral hazard.
Practice Self‑Custody Carefully
- Secure your private keys and test transactions to avoid irreversible loss when self-custodying Bitcoin.
- Move slowly, back up thoroughly, and practice small transfers before large ones.