Jeff Park, chief of Alpha Methods in Bitwise, stated on Sunday March 9, that US President Donald Trump will hold different Bitcoin purchases till he reaches a value near $ 60,000. Park's remarks, shared by way of his official account on X, have been made within the context of accelerating hypothesis round so -called “impartial” strategies that administration might use to amass a further BTC for the just lately established American strategic reserve.
Why Trump wants Bitcoin to fall first
On March 6, 2025, President Trump printed an government decree creating the Bitcoin Strategic Reserve, positioning the US to keep up a number one position within the area of digital belongings. The administration has confirmed that it already managed round 200,000 BTC – estimated about $ 17 billion at present costs – primarily on the lookout for legal and civilian asset procedures – pending an audit. Though the decree prohibits the sale of bitcoin within the reserve, it orders the secretaries of the treasury and commerce to check the “impartial funds” means to build up a further BTC sooner or later, not guaranteeing any further value for taxpayers.
Jeff Park's perspective crosses the usual market commentary, specializing in political realities which, in accordance with him, strongly affect any presidential determination to purchase BTC. In one in all his messages, Park writes: “I'm going to allow you to enter a bit secret of my major expertise on the sector on the functioning of the BTC discipline … I do know one thing higher about establishments than virtually anybody else: civil servants virtually by no means purchase bitcoin to the development / momentum and positively not on the heights. The reason being easy – they don’t wish to be dismissed when the inevitable draw back strikes or worse, spoil its popularity within the public area. »»
He continues by affirming that political figures, specifically those that have been examined that the American president, are confronted with an asymmetrical threat profile. The fallout from the acquisition at the next value – solely to see the right market – may be devastating from the standpoint of public relations. Park assumed that the incentives for civil servants change spectacularly when the BTC plunges to extra engaging ranges.
He notes: “Are you able to think about the titles that can come for Trump if he buys Bitcoin at $ 100,000 and that goes to $ 70,000? On the constructive aspect, if the BTC reaches very low cost ranges, the incentives for politicians and the sovereigns to purchase will improve … It’s all the time + EV for the motivation calculation of an government department (which should win elections) to attend for BTC to succeed in $ 60,000 and purchase and assault. »»
Park stresses that if a strategic reserve could possibly be designed as an extended -term worth retailer, civil servants search to keep away from reactions within the occasion of instant value volatility. This underlying political stress, he maintains, makes them much less prone to make “high-risk” actions, specifically those that might expose them to questions on duty.
The newly fashioned Bitcoin Strategic Reserve, typically certified by the administration as a “Fort Knox, is explicitly designed to stay intact in the long run. The crypto of the White Home and the Tsar of the David Sacks in contrast it to “a twenty first century bulwark of nationwide monetary safety”, stressing the ambitions of the administration for the American management of cryptocurrency.
Nevertheless, Park argues that sure situations should be met for a reserve program to realize an actual traction. Amongst them, “programmatic purchases in relation to” discretionary research “, shared determination -making (to distribute duty) and a component of permanence – both by way of legislative ensures or motion that made authority undertaken in digicam.
Park's admiration for heads of chief funding in public pensions who’ve proactively included Bitcoin additionally highlights the distinction inside determination -making: “It’s within the coronary heart why I give a lot respect to the general public pension CIOs that purchased BTC or invested in cryptographic methods. They’re merely actual patriots – engaged in lengthy -term reflection for the good thing about all towards the potential privatized self -loss. Hero. “”
His applause underlines how these leaders, not like politicians who search a re-election or conscious of a big public examination, typically have extra latitude to take a position for the long run, offered they’ve rather than fiduciary railings.
On the time of the press, BTC exchanged $ 82,389.
Star picture created with dall.e, tradingView.com graphic
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