JeffPark
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Memecoin Trading is Evolving Faster Than Ever!
Jeff Park from Bitwise Alpha says memecoin trading moves at lightning speed. Trends shift in hours, making the market unpredictable and exciting.
Survival of the Fittest
Memecoins rise and fall quickly based on hype, social media buzz, and community support. A single viral post can send prices soaring or crashing.
What’s Next?
While most memecoins disappear, a few could become long-term assets. As institutional interest grows, smarter trading strategies may shape the future.
Do you think memecoins are here to stay? Share your thoughts!
#CryptoTrading
#BitwiseAlpha
#JeffPark
#CryptoMarket
#ViralCoins
$PEPE $DOGE $SHIB
Jeff Park from Bitwise Alpha says memecoin trading moves at lightning speed. Trends shift in hours, making the market unpredictable and exciting.
Survival of the Fittest
Memecoins rise and fall quickly based on hype, social media buzz, and community support. A single viral post can send prices soaring or crashing.
What’s Next?
While most memecoins disappear, a few could become long-term assets. As institutional interest grows, smarter trading strategies may shape the future.
Do you think memecoins are here to stay? Share your thoughts!
#CryptoTrading
#BitwiseAlpha
#JeffPark
#CryptoMarket
#ViralCoins
$PEPE $DOGE $SHIB
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Bitwise Executive: Trump Will Not Buy Bitcoin Unless the Price Drops to $60,000!
Hello everyone! Today there’s a super interesting perspective: that political reality is the main reason why Bitcoin is not rising but falling!
Jeff Park, an executive at Bitwise, said that President Trump will not continue to buy Bitcoin unless the price drops to around $60,000. Why? Because the reality is mixed with a lot of political considerations; to put it simply, political considerations have a significant impact on whether the president chooses to buy Bitcoin!
On March 6, Trump signed an executive order to establish a strategic Bitcoin reserve, which currently holds about 200,000 Bitcoins (valued at approximately $17 billion), mainly obtained through confiscation. Although the order asks the Treasury Secretary and Commerce Secretary to research “budget-neutral” ways to accumulate more Bitcoin, Jeff Park believes that Trump will not act hastily.
Park stated that government officials almost never buy Bitcoin based on trends or when prices are high because if the price drops, they might be fired, or their reputation might suffer in public. Therefore, they tend to buy when the price drops to $60,000, which effectively mitigates risk and allows them to showcase their achievements when prices rebound.
He also mentioned that chief investment officers of public pensions are different because they are protected by fiduciary responsibilities and do not worry like politicians about re-election and public scrutiny, so they dare to invest in Bitcoin long-term.
In summary, despite the strategic Bitcoin reserve having the alluring title of “digital super financial safe,” government officials are well aware that the Bitcoin market is unpredictable and holds considerable risks.
Thus, when officials consider whether to buy Bitcoin, they are all extremely cautious, walking on thin ice, fearing that a misstep could lead them into a high-risk quagmire and result in losses of public funds.
Do you agree with Park's view? What do you think is the main reason for Bitcoin's continued decline after Trump announced the executive order to establish the strategic Bitcoin reserve? Leave your thoughts in the comments!
#比特币储备 #特朗普 #Bitwise #JeffPark #政治与加密
Hello everyone! Today there’s a super interesting perspective: that political reality is the main reason why Bitcoin is not rising but falling!
Jeff Park, an executive at Bitwise, said that President Trump will not continue to buy Bitcoin unless the price drops to around $60,000. Why? Because the reality is mixed with a lot of political considerations; to put it simply, political considerations have a significant impact on whether the president chooses to buy Bitcoin!
On March 6, Trump signed an executive order to establish a strategic Bitcoin reserve, which currently holds about 200,000 Bitcoins (valued at approximately $17 billion), mainly obtained through confiscation. Although the order asks the Treasury Secretary and Commerce Secretary to research “budget-neutral” ways to accumulate more Bitcoin, Jeff Park believes that Trump will not act hastily.
Park stated that government officials almost never buy Bitcoin based on trends or when prices are high because if the price drops, they might be fired, or their reputation might suffer in public. Therefore, they tend to buy when the price drops to $60,000, which effectively mitigates risk and allows them to showcase their achievements when prices rebound.
He also mentioned that chief investment officers of public pensions are different because they are protected by fiduciary responsibilities and do not worry like politicians about re-election and public scrutiny, so they dare to invest in Bitcoin long-term.
In summary, despite the strategic Bitcoin reserve having the alluring title of “digital super financial safe,” government officials are well aware that the Bitcoin market is unpredictable and holds considerable risks.
Thus, when officials consider whether to buy Bitcoin, they are all extremely cautious, walking on thin ice, fearing that a misstep could lead them into a high-risk quagmire and result in losses of public funds.
Do you agree with Park's view? What do you think is the main reason for Bitcoin's continued decline after Trump announced the executive order to establish the strategic Bitcoin reserve? Leave your thoughts in the comments!
#比特币储备 #特朗普 #Bitwise #JeffPark #政治与加密
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