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 Govt Order creating the Strategic Bitcoin Reserve, positioning america to keep up 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 means of 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, making certain no further value to taxpayers.
Jeff Park’s perspective cuts by means of the usual market commentary, focusing as an alternative on the political realities that, he believes, closely affect any presidential resolution to purchase BTC. In one in every of his posts, Park writes: “I’m going to let you in on a little secret from my primary field experience on how the BTC pitch works… I know one thing better about institutions than almost anyone else: public officials almost never buy bitcoin on trend/momentum and certainly not at the highs. The reason is simple – they don’t want to get fired when the inevitable drawdown hits or worse, ruin their reputation in the public domain.”
He goes on to argue that political figures, particularly one as scrutinized because the US President, face an uneven threat profile. The fallout from shopping for at the next worth—solely to see the market right—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: “Can you imagine the headlines that will come for Trump if he buys bitcoin at $100k and it goes to $70k? On the positive side, if BTC gets to very cheap levels, the incentives for politicians and sovereigns to buy will increase… It is always +EV for the incentive calculation of an executive branch (which must win elections) to wait for BTC to get to $60k and buy and take credit.”
Park stresses that whereas a strategic reserve is perhaps meant as a long-term retailer of worth, public officers search to keep away from backlash within the occasion of quick draw back worth 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 fashioned 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 21st-century bulwark of national financial security,” underscoring the administration’s ambitions for American cryptocurrency management.
Nevertheless, Park argues that sure situations should be met for a reserve program to achieve real traction. Amongst them are “programmatic buying vs discretionary ‘studies,’” 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: “This is at the core why I give so much RESPECT to the public pension CIOs that have bought BTC or invested in crypto strategies. They are simply true patriots – committed to long-term thinking for the benefit of all against the potential privatized loss of one’s self. Heroes.”
His applause underscores how these executives, in contrast to politicians searching for reelection or aware of large public scrutiny, usually have extra leeway to take a position 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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