Jeff Park, Head of Alpha Methods at Bitwise, asserted on Sunday, March 9, that US President Donald Trump will maintain off on additional Bitcoin purchases till it reaches a worth near $60,000. Park’s remarks, shared through his official account on X, have been made in opposition to the backdrop of rising hypothesis round so-called “budget-neutral” strategies the administration would possibly use to amass extra BTC for the lately established US Strategic Bitcoin Reserve.
Why Trump Wants Bitcoin To Drop First
On March 6, 2025, President Trump issued an Executive Order creating the Strategic Bitcoin Reserve, positioning america to take care of a number one position within the digital asset area. The administration confirmed that it already controls roughly 200,000 BTC—valued at round $17 billion at present costs—seized primarily by way of prison and civil asset forfeiture proceedings – pending an audit. Whereas the Government Order prohibits promoting Bitcoin inside the reserve, it directs the Secretaries of the Treasury and Commerce to review “budget-neutral” ways of accumulating extra BTC sooner or later, guaranteeing no additional value to taxpayers.
Jeff Park’s perspective cuts by way of the usual market commentary, focusing as an alternative on the political realities that, he believes, closely affect any presidential determination to purchase BTC. In considered one of his posts, Park writes: “I’m going to allow you to in on just a little secret from my main discipline expertise on how the BTC pitch works… I do know one factor higher about establishments than nearly anybody else: public officers nearly by no means purchase bitcoin on development/momentum and positively not on the highs. The reason being easy – they don’t wish to get fired when the inevitable drawdown hits or worse, smash their status within the public area.”
He goes on to argue that political figures, particularly one as scrutinized because the US President, face an uneven danger profile. The fallout from shopping for at the next worth—solely to see the market right—will be devastating from a public-relations standpoint. Park surmises that the incentives for officers shift dramatically when BTC dips to extra enticing ranges.
He notes: “Are you able to think about the headlines that can come for Trump if he buys bitcoin at $100k and it goes to $70k? On the optimistic aspect, if BTC will get to very low-cost ranges, the incentives for politicians and sovereigns to purchase will improve… It’s all the time +EV for the inducement calculation of an govt department (which should win elections) to attend for BTC to get to $60k and purchase and take credit score.”
Park stresses that whereas a strategic reserve could be meant as a long-term retailer of worth, public officers search to keep away from backlash within the occasion of instant draw back worth volatility. This underlying political stress, he contends, makes them much less prone to make “high-risk” strikes—particularly ones which may expose them to questions on accountability.
The newly shaped Strategic Bitcoin Reserve, usually branded by the administration as a “digital Fort Knox,” is explicitly designed to stay untouched over the lengthy haul. White Home Crypto and AI Czar David Sacks has likened it to “a Twenty first-century bulwark of nationwide monetary safety,” underscoring the administration’s ambitions for American cryptocurrency management.
Nonetheless, Park argues that sure situations have to be met for a reserve program to achieve real traction. Amongst them are “programmatic shopping for vs discretionary ‘research,’” shared decision-making (to distribute accountability), and a component of permanence—both by way of legislative safeguards or authoritative motion undertaken behind closed doorways.
Park’s admiration for public pension Chief Funding Officers who’ve proactively integrated Bitcoin additionally highlights the distinction in decision-making timelines: “That is on the core why I give a lot RESPECT to the general public pension CIOs which have purchased BTC or invested in crypto methods. They’re merely true patriots – dedicated to long-term considering for the advantage of all in opposition to the potential privatized lack of one’s self. Heroes.”
His applause underscores how these executives, not like politicians in search of reelection or aware of large public scrutiny, usually have extra leeway to take a position for the lengthy haul, supplied they’ve fiduciary guardrails in place.
At press time, BTC traded at $82,389.
Featured picture created with DALL.E, chart from TradingView.com
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