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 by way of his official account on X, had 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 the USA to keep up a number one function 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 means 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, making certain no further value to taxpayers.
Jeff Park’s perspective cuts by means of the usual market commentary, focusing as a substitute on the political realities that, he believes, closely affect any presidential resolution to purchase BTC. In certainly one of his posts, Park writes: “I’m going to allow you to in on a little bit secret from my main area 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 definitely not on the highs. The reason being easy – they don’t need to get fired when the inevitable drawdown hits or worse, break 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 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 may 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 at all times +EV for the motivation 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 may be supposed as a long-term retailer of worth, public officers search to keep away from backlash within the occasion of speedy draw back worth volatility. This underlying political strain, he contends, makes them much less more likely to make “high-risk” strikes—particularly ones which may expose them to questions on accountability.
The newly fashioned 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 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 means 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 pondering 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 looking for reelection or aware of extensive 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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