Today, we have the crypto summit scheduled at the White House, where some of the most prominent figures in the crypto world will meet with Trump and… talk crypto. Trump did a complete 180 on crypto during his presidential campaign because he had to do whatever it took to win the election. And he did it.
In my opinion, he ran the best presidential campaign I’ve ever closely followed. Now that he’s in office, he seems to be delivering on a lot of the promises he made during the campaign.
He promised to create a Bitcoin and crypto reserve—and he’s done it. Yesterday, he signed an executive order establishing a Bitcoin and digital assets reserve, and so far, only seized coins have been added to it. There’s mention of new coins being added in the future, but not with taxpayer money.
Now, this is highly debatable, and there will be endless discussions about where the cash will actually come from to buy crypto for this so-called strategic reserve. Plenty of voices are already saying he should have stuck to Bitcoin only, but…
It’s impossible to please everyone. One thing is clear, though: this bull market is like no other. Sure, most alts look dead, but the way I see it, the party is just getting started. America taking such a stance on Bitcoin will push other countries to keep up.
El Salvador seems to have front-run everyone for years now. The U.S. has an advantage with over 100,000 BTC in reserves already—all seized from various stashes. Germany could have been in a solid position too, but they sold off their entire 50,000 BTC stack last summer.
"If it is profitable for us, let's do it. We have excess electricity. Let them make this cryptocurrency and so on."
That’s a direct quote from President Lukashenko of Belarus, and trust me—many others will follow.
Degens have been over-gambling on these news events lately, and as usual, they got rekt. Yesterday, right after Trump signed the executive order, BTC saw a massive pump, followed by a violent dump down to $84,000, liquidating both longs and shorts and teaching them a lesson.
This is a marathon, not a sprint. In the short term, this executive order—without actual market buys from the U.S. government—is a nothing burger. But in the long run? It’s huge for mass crypto adoption.
By the end of the year, we’ll likely see many states adopting BTC. Texas seems to be first in line, and in my opinion, most of the bears celebrating today’s weak price action are going to get crushed.
I don’t think we’re entering a supercycle just yet, but I also don’t believe this market is done. The four-year cycles are still in play, seemingly driven more by liquidity cycles than halvings. And my bet? By the end of the year, this market will be way higher than it is right now.
True evolution takes time—and that’s what degen traders in crypto just don’t get...
Thanks for your attention,
Adrian