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Scott Bessent: “Bitcoin has a history of volatile movements.”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Watch CNBC's full interview with Treasury Secretary Scott Bessent

Published | Video Starts at 25:03

Bitcoin, a little bit dicey here at this point. You wonder about the leverage in the system. Any comments? Yeah, Joe, the history, if we take bitcoin as a proxy for crypto, Bitcoin has a history of volatile movements. The we went back and looked, I believe the average sell off has been about 58% and we're coming into that zip code right now. (25:03–25:07)

CLAIM

Asserts that Bitcoin is known for its volatility.

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