Jeff Park, Head of Alpha Strategies at Bitwise, claimed on Sunday March 9, that US President Donald Trump will hold on to additional Bitcoin purchases until it reaches a prize close to $ 60,000. Park’s comments, shared Through his official account at X, it was made in the light of growing speculation about so-called “budget-neutral” methods that the administration can use to acquire additional BTC for the recently established US strategic Bitcoin reserve.
Why Trump needs Bitcoin to release first
On March 6, 2025 President Trump issued an executive order Create the strategic Bitcoin reserve and place the United States to maintain a leading role in the digital asset space. The administration confirmed that it already controls approximately 200,000 BTC valued at approximately $ 17 billion at current prices – primarily through criminals and civilian asset procedures – pending an audit. While the executive order prohibits selling bitcoin within the reserve, it leads the secretaries of the Treasury and Trade to Study “Budget-neutral” way To collect additional BTC in the future, ensure no extra cost to taxpayers.
Jeff Park’s perspective cuts through the standard market comments and instead focuses on the political reality that, he believes, strongly affects all presidential decisions to buy BTC. In one of its posts, Park writes: “I will let you in a little secret from my primary field experience on how BTC height works … I know a thing better about institutions than almost anyone else: public officials almost never buy bitcoin at trend/momentum and certainly not at the heights. The reason is simple – they do not want to be fired when the inevitable reduction hits or worse, destroys their reputation in the public field. “
He continues to claim that political persons, especially one who is reviewed as the US president, are facing an asymmetrical risk profile. The fall from purchasing at a higher price to see the market correct-can be devastating from a public-relationship’s point of view. Park assumes that the incentives for officials switch dramatically as BTC drops to more attractive levels.
He notes: “Can you imagine the headlines that come for Trump if he buys Bitcoin for $ 100K and it goes to $ 70,000? On the positive side, if BTC comes to very cheap levels, the incentives for politicians and sovereigns will buy to increase … It is always +possibly for the incentive calculation of an executive branch (which must win elections) to wait for BTC to come to $ 60K and buy and take credit. “
Park emphasizes that although a strategic reserve may be intended as a long -term store with value, public officials are trying to avoid counter -reaction in the event of immediate neck price vollatility. This underlying political pressure, he claims, makes them less likely to make “high -risk” movements of those who can expose them to issues of liability.
The newly formed strategic Bitcoin reserve, often labeled by the administration as a “digital Fort Knox”, is explicitly designed to remain untouched across the long way. White House’s crypto and Ai Czar David Sacks has been similar to “a 21st century Bulwark of national economic security”, emphasizes the administration’s ambitions for American Cryptocurrency leadership.
However, Park claims that certain conditions must be met for a reserve program in order to gain genuine traction. Among them are “programmatic purchases versus discretionary” studies “,” shared decision-making (to distribute liability) and an element in the permanentity of legislative protection or authoritative measures implemented behind closed doors.
Parks admiration for investments in public pension managers who have proactively incorporated Bitcoin also highlights the contrast into decision-making timelines: “This is at the core why I give so much respect for the public pension cios that have bought BTC or invested in crypto strategies. They are simply true patriots-engaged in long-term thinking in favor of everyone against the potential privatized loss of themselves. Heroes. “
His applause emphasizes how these managers, unlike politicians who seek re -election or aware of broad public review, often have more leeway to invest in the long term, provided they have fiduciary rails in place.
At press time, BTC traded to $ 82 389.
Featured image created with Dall.e, chart from tradingview.com
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