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 value near $60,000. Park’s remarks, shared through his official account on X, have been made towards the backdrop of rising hypothesis round so-called “budget-neutral” strategies the administration may use to amass extra BTC for the not too long ago established US Strategic Bitcoin Reserve.
Why Trump Wants Bitcoin To Drop First
On March 6, 2025, President Trump issued an Govt Order creating the Strategic Bitcoin Reserve, positioning the USA 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 legal and civil asset forfeiture proceedings – pending an audit. Whereas the Govt Order prohibits promoting Bitcoin inside the reserve, it directs the Secretaries of the Treasury and Commerce to review “budget-neutral” methods of accumulating extra BTC sooner or later, guaranteeing no additional price to taxpayers.
Jeff Park’s perspective cuts by the usual market commentary, focusing as a substitute on the political realities that, he believes, closely affect any presidential determination to purchase BTC. In one in every of his posts, Park writes: “I’m going to allow you to in on just a little secret from my major discipline expertise on how the BTC pitch works… I do know one factor higher about establishments than virtually anybody else: public officers virtually by no means purchase bitcoin on pattern/momentum and definitely not on the highs. The reason being easy – they don’t wish to get fired when the inevitable drawdown hits or worse, smash their popularity 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 value—solely to see the market appropriate—might 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 facet, 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 government 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 is likely to be supposed as a long-term retailer of worth, public officers search to keep away from backlash within the occasion of speedy draw back value volatility. This underlying political strain, 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, typically 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.
Nevertheless, Park argues that sure circumstances should be met for a reserve program to realize real traction. Amongst them are “programmatic shopping for vs discretionary ‘research,’” shared decision-making (to distribute accountability), and a component of permanence—both by legislative safeguards or authoritative motion undertaken behind closed doorways.
Park’s admiration for public pension Chief Funding Officers who’ve proactively included 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 good thing about all towards the potential privatized lack of one’s self. Heroes.”
His applause underscores how these executives, in contrast to politicians searching for reelection or aware of broad public scrutiny, typically have extra leeway to speculate for the lengthy haul, offered 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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