Jeff Park, Head of Alpha Strategies 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 may use to accumulate extra BTC for the not too long ago established US Strategic Bitcoin Reserve.

Why Trump Needs Bitcoin To Drop First

On March 6, 2025, President Trump issued an Executive Order creating the Strategic Bitcoin Reserve, positioning the United States to take care of a number one position within the digital asset house. The administration confirmed that it already controls roughly 200,000 BTC—valued at round $17 billion at present costs—seized primarily via prison and civil asset forfeiture proceedings – pending an audit. While the Executive 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, guaranteeing no additional price to taxpayers.

Jeff Park’s perspective cuts via the usual market commentary, focusing as an alternative on the political realities that, he believes, closely affect any presidential determination to purchase BTC. In certainly one 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 danger profile. The fallout from shopping for at a better worth—solely to see the market right—will be devastating from a public-relations standpoint. Park surmises that the incentives for officers shift dramatically when BTC dips to extra engaging 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 could be meant 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 prone to make “high-risk” strikes—particularly ones that may expose them to questions on accountability.

The newly shaped Strategic Bitcoin Reserve, usually branded by the administration as a “digital Fort Knox,” is explicitly designed to stay untouched over the lengthy haul. White House 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.

However, Park argues that sure circumstances should be met for a reserve program to achieve real traction. Among them are “programmatic buying vs discretionary ‘studies,’” shared decision-making (to distribute accountability), and a component of permanence—both via legislative safeguards or authoritative motion undertaken behind closed doorways.

Park’s admiration for public pension Chief Investment Officers who’ve proactively included 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 conscious of large public scrutiny, usually have extra leeway to take a position for the lengthy haul, supplied they’ve fiduciary guardrails in place.

At press time, BTC traded at $82,389.

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