FBI director calls Bitcoin legitimate asset, boosts market sentiment
FBI Director Kash Patel described Bitcoin and virtual assets as 'legitimate assets comparable to the U.S. dollar' at the Bitcoin 2026 conference, boosting market sentiment. His remarks, alongside President Trump’s Executive Order on a Strategic Bitcoin Reserve, signal growing federal support for digital assets. The Polymarket contract reflects increased confidence, with reduced odds of Bitcoin falling to $60,000 by April. Market activity remains low but traders anticipate potential price movement as policy signals strengthen.
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FBI Director Kash Patel called Bitcoin and virtual assets “legitimate assets comparable to the U.S. dollar” at the Bitcoin 2026 conference, and the Polymarket contract on Bitcoin dipping to $60,000 in April now sits at ?. Market reaction The April 30 market shows a reduced probability of Bitcoin falling to $60,000. With 6 days until resolution, traders appear more bullish after Patel’s remarks. His comments come alongside President Trump’s Executive Order on a Strategic Bitcoin Reserve, which points toward sustained federal-level support for Bitcoin. Why it matters Trade volume over the past 24 hours is zero, suggesting the market is waiting for further developments before moving.
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