Jeff Park, chief of Alpha Strategies in Bitwise, said on Sunday March 9, that US President Donald Trump will keep other Bitcoin purchases until he reaches a price close to $ 60,000. Park’s remarks, shared via his official account on X, were made in the context of increasing speculation around so -called “neutral” methods that administration could use to acquire an additional BTC for the recently established American strategic reserve.
Why Trump needs Bitcoin to fall first
On March 6, 2025, President Trump published an executive decree creating the Bitcoin Strategic Reserve, positioning the United States to maintain a leading role in the space of digital assets. The administration has confirmed that it already controlled around 200,000 BTC – estimated about $ 17 billion at current prices – mainly looking for criminal and civilian asset procedures – pending an audit. Although the decree prohibits the sale of bitcoin in the reserve, it orders the secretaries of the treasury and trade to study the “neutral budget” means to accumulate an additional BTC in the future, not guaranteeing any additional cost for taxpayers.
Jeff Park’s perspective crosses the standard market commentary, focusing on political realities which, according to him, strongly influence any presidential decision to buy BTC. In one of his messages, Park writes: “I’m going to let you enter a little secret of my main experience on the field on the functioning of the BTC field … I know something better about institutions than almost anyone else: civil servants almost never buy bitcoin to the trend / momentum and certainly not at the heights. The reason is simple – they do not want to be dismissed when the inevitable downside strikes or worse, ruin its reputation in the public domain. »»
He continues by affirming that political figures, in particular those who have been examined that the American president, are faced with an asymmetrical risk profile. The fallout from the purchase at a higher price – only to see the correct market – can be devastating from the point of view of public relations. Park assumed that the incentives for civil servants change spectacularly when the BTC plunges to more attractive levels.
He notes: “Can you imagine the titles that will come for Trump if he buys Bitcoin at $ 100,000 and that goes to $ 70,000? On the positive side, if the BTC reaches very cheap levels, the incentives for politicians and the 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 reach $ 60,000 and buy and attack. »»
Park stresses that if a strategic reserve could be designed as a long -term value store, civil servants seek to avoid reactions in the event of immediate price volatility. This underlying political pressure, he maintains, makes them less likely to make “high-risk” movements, in particular those who could expose them to questions about responsibility.
The newly formed Bitcoin Strategic Reserve, often qualified by the administration as a “Fort Knox, is explicitly designed to remain intact in the long term. The crypto of the White House and the Tsar of the David Sacks compared it to “a 21st century bulwark of national financial security”, stressing the ambitions of the administration for the American leadership of cryptocurrency.
However, Park argues that certain conditions must be met for a reserve program to gain a real traction. Among them, “programmatic purchases in relation to” discretionary studies “, shared decision -making (to distribute responsibility) and an element of permanence – either through legislative guarantees or action that made authority undertaken in camera.
Park’s admiration for heads of chief investment in public pensions who have proactively incorporated Bitcoin also highlights the contrast within decision -making: “It is in the heart why I give so much respect to the public pension CIOs that bought BTC or invested in cryptographic strategies. They are simply real patriots – engaged in long -term reflection for the benefit of all against the potential privatized self -loss. Hero. “”
His applause underlines how these leaders, unlike politicians who seek a re-election or aware of a large public examination, often have more latitude to invest for the long term, provided they have in place of fiduciary railings.
At the time of the press, BTC exchanged $ 82,389.
Star image created with dall.e, tradingView.com graphic
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