When Donald Trump made a declaration that a Bitcoin reserve will be coming soon, everyone on the market was bullish, leading to a rally that pushed the BTC price past its all-time high. However, as more regulations around crypto have started to emerge, things that were clear once aren’t anymore.
Talking to Fox Business, the US Treasury secretary Scott Bessent didn’t provide clear statements about the government’s plans for the strategic reserve. Since US regulations have been one of the primary push for Bitcoin’s rise in price, people have now started to wonder whether the king coin is the best crypto to buy now.
Department is Still Exploring Budget Neutral Ways to Buy Bitcoin – Scott Bessent
The contention revolves around the confusing US Treasury’s comment that the US government is not going to buy Bitcoin, but will focus on using only confiscated crypto assets instead.
“We’re going to stop selling,” he said. These comments made the market bleed, and Bitcoin pulled back from its all-time high to below the $120K level. It currently trades just above $119K.
However, after this backlash, Bessent went to Twitter to correct his comments, changing the term “not buying” into “budget neutral” ways to buy Bitcoin.
What does “budget neutral” mean in this instance? Simply put, it is a way to buy Bitcoin without increasing government spending. In hindsight, it is a rational way of thinking since the US has been trying hard to come out of its debt ceiling. On the other hand, however, Donald Trump’s recent mission to “get rid of the aliens” has caused a significant increase in spending on ICE. Therefore, this statement directly contradicts the actions of the government.
The cryptocurrency community is not letting this one go, especially given the weight a strategic Bitcoin reserve carries when it comes to moving the market.
The Bitcoin Price Reaction Was Immediate
As soon as the comment came out of Scott Bessent’s mouth, the market reaction was immediate. The BTC price dropped straight to $117K before a panic rally set in, pushing it back above the $119K mark.
As a result, yesterday’s price chart was a long red candle, and further pullback may still be coming. This is because the BTC price has not shown a red candle this large since March 2025.
Does the recent reaction impact Bitcoin’s status as one of the best cryptos to invest in on the market? Yes—especially since Bessent’s statements have put a dent in people’s trust in the Trump government. The reversal of the statement also feels more theatrical than genuine. The better options are among altcoin ICOs that do not follow standard market fundamentals.
Best Crypto to Buy Now
With Bitcoin not being a suitable option currently, the following picks should be considered solid for investors still wanting to mint gains.
Best Wallet Token
With recent comments from the US Treasury Secretary hinting at potential shortfalls in the market, investors may want tools that help them navigate volatile conditions more effectively. Best Wallet emerges as a strong choice in this environment. Powered by Best Wallet Token, the platform offers an all-in-one solution for interacting with cryptocurrency markets, combining convenience with versatility.
One of its standout features is the Token Launchpad, which enables users to discover and invest in upcoming crypto projects early. This early-access opportunity could be particularly valuable during uncertain times, as it opens doors to assets with higher potential returns. Alongside this, the staking feature provides a way to generate passive income, while the market insights feature delivers timely data and analysis to guide informed decisions.
Recent updates have further expanded its capabilities, including full support for the Solana network, Bitcoin swap functionality for greater flexibility, and a gamification layer that enhances user engagement. These additions make Best Wallet not just a utility-focused platform, but also an engaging space for the broader crypto community.
Having already raised over $14 million, Best Wallet Token shows strong market confidence. In a period where uncertainty is high, its diverse set of tools and opportunities could give users an edge in finding success.
Bitcoin Hyper
Bitcoin’s recent drop may have shaken confidence in the broader market, but for some investors, this signals an opportunity to turn toward meme coins, which can often move independently of high-cap assets. Bitcoin Hyper stands out in this space as a project that blends meme culture with tangible utility, making it an appealing alternative during uncertain times.
Its imagery draws on both Bitcoin’s legacy and popular meme aesthetics, combining Pepe-inspired visuals with superhero themes. This gives the token a distinct personality, creating strong viral potential that could capture attention quickly. Beyond its looks, Bitcoin Hyper offers perks that aim to push it beyond speculation. The team envisions bringing Bitcoin into a more utility-driven zone, using scalable solutions and additional functionalities that could encourage broader adoption.
By aligning itself with the cultural pull of meme coins while adding layers of usability, Bitcoin Hyper may position itself as a bridge between fun and function in crypto.
The project has already raised over $9 million, signaling significant market interest.
Analysts on YouTube have been rallying behind it, pointing to its unique quirks and hybrid nature as reasons it could stand out in the coming market cycles.
TOKEN6900
Scott Bessent’s recent comments about the US government not buying Bitcoin and then backpedaling the very next day perfectly capture the kind of erratic market behavior that fuels meme culture. TOKEN6900 thrives in exactly this type of environment. It takes that unpredictability and turns it into a spectacle, offering a purely comedic, hype-driven investment option for traders who embrace chaos.
The project’s aesthetics are unapologetically absurd, designed to grab attention while signaling that it is not pretending to be a serious, utility-based asset. TOKEN6900’s Twitter presence leans heavily into AI-generated “slop” content, churning out brainrot memes that Gen Z traders find “based” and hilarious, while older, more seasoned traders appreciate the satire and market commentary buried in the humor.
By leaning into this absurdist, no-utility narrative, TOKEN6900 has carved out a niche as a community-powered way to poke fun at market manipulation while potentially capitalizing on it. It openly rejects fundamentals, flipping that lack of substance into its biggest selling point.
For those who see the market as a playground rather than a predictable system, TOKEN6900 offers both entertainment and speculative upside. And, it is already building momentum as traders pile in to profit from the joke before it gets too big.
Snorter
Bitcoin’s sharp drop immediately after hitting its all-time high could actually give the meme coin market fresh momentum, especially for Solana-based assets that have been surging in popularity. Snorter is at the right place to take advantage of this shift by acting as a specialized Telegram bot that helps traders discover and enter promising Solana meme coins at the perfect time.
Its functionality goes beyond simple scanning. Snorter integrates auto-sniping tools, copy trading, and security features designed to protect users while enabling them to move quickly. This makes it appealing to both experienced traders and newcomers who want an edge in the fast-moving Solana meme ecosystem.
Visually, Snorter stands out with its aardvark mascot: a unique, memorable choice that reflects its mission to “sniff out” the best opportunities. This playful yet functional branding bridges the gap between meme culture and real utility, giving it broad market appeal.
With over $3 million already raised, Snorter is gaining recognition among investors and analysts as one of the strongest contenders in the Solana meme coin space.
Conclusion
Scott Bessent’s comment shows that the US government’s over-bullishness about crypto, while sidelining practicality, has led it into a hole that it cannot come out of. Any comment, however practical, that could be perceived negatively by the community would be akin to the government digging itself a bigger hole.
Therefore, it is better to stay away from high caps for now.
The alternative is finding the best crypto to buy now among ICOs, and the ones mentioned in this article could act as perfect safeguards for investors.
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Source: https://en.cryptonomist.ch/2025/08/15/best-crypto-to-buy-now-as-uncertainty-swirls-around-us-bitcoin-reserve/