Analysts from Bitfinex are observing President Trump’s 100-day speech closely, suggesting it could impact Bitcoin policy. Investors are watching for hints about a crypto reserve and easing regulations for digital asset platforms. Additionally, tightening Bitcoin supply on exchanges may indicate a market shift, alongside increasing self-custody behaviour.
In the world of cryptocurrency, all eyes are on President Donald Trump’s upcoming speech marking his 100 days in office. Analysts from Bitfinex point out that this address could act as a critical turning point for Bitcoin. Investors are keenly watching for hints regarding the U.S. government’s stance on Bitcoin and its potential role in the future economy.
The analysts emphasised that any references in Trump’s speech to a strategic crypto reserve or plans to ease regulations for U.S. digital asset platforms could spark significant interest in Bitcoin. Such measures would aim to tap into capital for these platforms. Moreover, if Trump frames Bitcoin as an integral part of America’s financial landscape, it could further legitimize the cryptocurrency among both institutional and retail investors.
According to Bitfinex, even without concrete policy changes, a positive tone regarding crypto could greatly influence the way Bitcoin is perceived. They noted, “The upcoming 100-day address from President Trump is gaining outsized attention within the crypto space.” This means that even a mention endorsing Bitcoin or discussing its importance in economic nationalism could embed it further into the broader political and economic narrative.
Interestingly, this speculation unfolds against a backdrop of tightening Bitcoin supply on exchanges. Recent figures reveal that exchange deposits have plummeted to multi-week lows, signalling reduced selling activity and a growing trend of self-custody among holders. Bitfinex urged caution, however, noting that while low supply levels can indicate a shift, they should not solely drive investment decisions.
The analysts are also considering how this tightening supply interacts with the broader economic landscape. They pointed to recent macroeconomic volatility and the effects of a significant $7.2 billion options expiry, suggesting that current conditions might mirror situations that preceded past market rallies. Historically, a divergence between stable prices and declining exchange balances often hints at potential upward moves, particularly when supported by consistent demand from Exchange-Traded Funds (ETFs) and other institutional players.
