Over the weekend, former US President Trump suddenly announced on his social media that he would promote strategic reserves of cryptocurrencies including XRP , SOL , and ADA to ensure that the United States becomes the global capital of cryptocurrencies. Immediately afterwards, Trump wrote again that BTC , ETH , and other valuable cryptocurrencies will become the core of the reserve, and said: "I like Ethereum too!" Influenced by this news, the crypto market rose sharply, with Bitcoin once reaching $ 95,000 and Ethereum reaching $ 2,500 , while ADA and XRP rose even more significantly.
Bitcoin has recovered most of its previous losses, and the overall market is showing a general upward trend. So, how do you view Trump's statement this time? StarEx Exchange analysts have sorted out the views of industry experts.
Arthur Hayes commented on social media that the proposal lacks substance and is just empty talk. Unless the crypto task force obtains congressional approval to borrow money or reassess the price of gold, the government has no funds to buy Bitcoin and other crypto assets. He added that although he is bullish on the crypto market in the long term, the current price level does not have buying value, so he will not enter the market at this time.
Udi Wertheimer believes that Trump's so-called "strategic cryptocurrency reserve" is more like his usual negotiation strategy. If he wants to truly implement this reserve plan, Trump must obtain the support of Congress, which is not something he can decide personally. He speculated that Trump may have deliberately proposed an extreme plan in order to leave room for negotiation with Congress.
At the same time, CZ, former CEO of Binance, posted on the social platform: "The attention of all coin holders is focused on the word 'other'. Calm down, don't think too much."
However, some analysts are dissatisfied with Trump's behavior, believing that his "calling orders" method is highly suspected of cutting leeks. Before Trump published the article, on-chain data detected that a whale spent $ 6 million to buy BTC and ETH worth $ 200 million with 50 times leverage . Subsequently, as Trump's article caused the market to surge in the short term, the whale quickly closed the position and made millions of dollars in profit. This phenomenon has caused market speculation that the whale may have known the time and content of Trump's article in advance.
During the campaign, Trump repeatedly stated that he hoped to make the United States a global cryptocurrency center and include Bitcoin as a strategic reserve. After his successful election, Bitcoin rose from $ 60,000 to a maximum of $ 110,000 , which was called the "Trump deal" by the market. However, after taking office, his attention to cryptocurrency has obviously declined, and the market's expectation that he will promote the Bitcoin reserve plan within 100 days of taking office has dropped to 10% .
StarEx Exchange analysts believe that after Trump took office, a series of tariff policies and other uncertain economic measures have led to increased concerns among institutional capital about the US economic recession and the decline of US stocks. The continuous outflow of institutional funds has not only put pressure on US stocks, but also affected the trend of gold and Bitcoin. Therefore, "calling orders" alone is not enough to support the continued rise in Bitcoin prices.
The market is more worried about the Trump family's "money-making" behavior. Two days before he took office, he launched his own crypto token " TRUMP ", which was once hyped to $ 80 billion, and his wife and son also issued tokens or got involved in cryptocurrency funds and multiple crypto projects. After Trump issued the coin, the meme sector of the SOL ecosystem collapsed, and the trading volume and activity dropped sharply by more than 90% , and the chain entered a "cold winter". Every time Trump "calls orders", the market will fluctuate violently, while his family and some "rat warehouse" traders can make huge profits from it. This model constantly consumes market liquidity and forms a negative impact on the market.
StarEx exchange analysts believe that the key to achieving a true bull market is the continuous inflow of large-scale funds, rather than relying on individual "calls". At present, institutional investors are more concerned about whether the US economy will enter a recession and whether there are systemic risks in US stocks. Only when these uncertainties are resolved can the crypto market be expected to usher in a real long-term upward trend.
