Trump Won’t Buy Bitcoin Until It Hits $60,000: Bitwise Exec

Jeff Park, head of Alpha Strategies at Bitwise, confirmed on Sunday, March 9, that US President Donald Trump will stop more bitcoin purchases until it reaches a price of approximately $ 60,000. Park’s comments, subscriber Through his official account on X, it was made against the background of increasing speculation about the so -called “budget” methods that the administration may use to acquire an additional BTC for the recently created American Bitcoin Strategic Reserve.

Why does Trump need a decrease in bitcoin first

On March 6, 2025, President Trump issued an executive matter creating a strategic Bitcoin reserve, as the United States has placed a leading role in the area of ​​digital assets. The administration confirmed that it has already controlled nearly 200,000 BTC – which has been evaluated by about $ 17 billion at current prices – which was mainly classified through procedures for confiscating criminal and civil assets – pending scrutiny. While the executive order is prohibited to sell bitcoin inside the reserve, it directs the treasury and trade trustees to study the “neutral budget” methods of additional BTC collection in the future, ensuring the additional cost of taxpayers.

Jeff Park’s perspective exceeds the standard suspension in the market, with a focus instead on the political facts that, as he believes, strongly affect any presidential decision to purchase BTC. In one of his posts, Park wrote: “I will allow you to buy a little from my basic field experience on how to make a BTC degree … I know one thing better about institutions more than almost anyone: Bitcoin public officials do not buy almost on the direction/momentum and certainly not in the highlands. The reason is simple – they do not want fire when it strikes the inevitable clouds or what is worse, spoils their reputation in the public field.”

He continues to say that political figures, especially those examined as an American president, face a file of asymmetric risks. The consequences of purchase can be at a higher price-only to see the right market-destroyed from the point of view of public relations. Park holds that the incentives of the officials turn dramatically when BTC drops to more attractive levels.

He notes: “Can you imagine the addresses that will come to Trump if he buys Bitcoin at a price of 100 thousand dollars and reaches 70 thousand dollars? On the positive side, if BTC gets very cheap levels, the incentives of politicians and sovereignty will increase … it will always be +EV for the incentives for the executive branch (which must win the elections) to wait until BTC reaches 60 thousand dollars and purchases Thanks and appreciation.

Park stresses that although the strategic reserve may be intended from the long -term store, public officials seek to avoid the reverse reaction in the event of immediate fluctuation. He claims that this basic political pressure makes them less vulnerable to “highly dangerous” movements-especially those that may expose them to questions about accountability.

The newly formed Bitcoin strategic reserves, which the administration often carried as a “digital fortress” was explicitly designed to remain a long distance. It was similar to the encryption of the White House and AI CZAR DAVID SACKS to “the occurrence of financial security in the twenty -first century,” which confirms the administration’s ambitions to lead the American cryptocurrency.

However, Park argues that certain conditions for the reserve program should be fulfilled to gain a real attraction. Among them is “software purchase against” estimated studies “, shared decisions (to distribute accountability), and the Demouma element-through legislative guarantees or reliable measures that were taken behind closed doors.

Park’s admiration for public pensions for pensioners who have combined bitcoin merely highlights the contrast in the time-taking schedules: “This is the reason that I give a lot of participants in the general retirement pensions that bought BTC or invested in encryption strategies. They are simply real patriots-committed to thinking in the long term for the benefit of everyone against the loss Possible allocated to the same individual.

His applause emphasizes how these executives, unlike politicians who seek to re -election or perceive the widespread general auditing, often, often invest in long -term investment, provided that they have the applicable credit handrails.

At the time of the press, BTC was traded at $ 82,389.

Distinctive image created with Dall.e, Chart from TradingView.com

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