Emre Yumlu 
A surprise appearance by U.S. Tury Secretary Scott Bessent at the grand opening of Pubkey, Washington’s newest Bitcoin-themed bareasr, has stirred considerable excitement across the crypto landscape. The unannounced visit, which took place during the venue’s launch night, was viewed by many longtime Bitcoin supporters as a symbolic moment for the industry.
A Gesture Interpreted as a “Signal” for Bitcoin
Attendees and prominent Bitcoin advocates were quick to frame Bessent’s presence as more than a casual stop. Ben Werkman, chief investment officer at Bitcoin treasury firm Strive, said he could easily look back on this moment and recognize its significance.
Nakamoto’s vice president of investor relations, Steven Lubka, described the visit as “the sign many have been waiting for.” Other well-known figures in the space — including analyst Fred Krueger, Gemini Chief of Staff Jeff Tiller, Bitcoin commentator Natalie Brunell, and Bitcoin Policy Institute co-founder David Zell — echoed the sentiment, calling Bessent’s appearance a highly encouraging development for Bitcoin.
A Treasury Secretary Known for a Crypto-Friendly Stance
Scott Bessent has been broadly regarded as supportive of digital assets since his Treasury nomination drew attention in late 2024. He has previously emphasized the importance of positioning the United States as a global hub for digital asset innovation and expressed backing for several crypto-related bills this year, including the GENIUS Act.
In August, he also noted that the Treasury Department was exploring budget-neutral mechanisms to acquire Bitcoin for the Strategic Bitcoin Reserve — another signal of his openness to crypto.
His Visit Comes Amid Market Weakness
Bessent’s appearance coincided with a period of declining sentiment surrounding Bitcoin’s price. After setting an all-time high of $125,100 on October 5, Bitcoin slipped into a downward trend, trading around $85,500 at the time of writing.
Data from Santiment’s Sanbase platform shows the community remains divided: some expect deeper corrections toward $20,000–$70,000 levels, while others foresee a rebound into the $100,000–$130,000 range.
Growing Attention Around Pubkey
The Washington venue follows the success of its sister bar in New York City, which launched in late 2022 and captured significant local media buzz. The New York location gained national attention in September 2024 when then-presidential candidate Donald Trump made a stop there during his campaign.
For many Bitcoin supporters, Bessent’s visit reinforces a broader narrative: Bitcoin’s growing integration into mainstream culture and public life.
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