Trump's First 100 Days Speech: Will Bitcoin Face a Major Policy Turning Point?
U.S. President Trump will deliver his 100-day speech tonight at 6 PM local time in Michigan. Everyone knows this is an important moment! The Bitcoin market is paying special attention to this, with many analysts even suggesting that this speech may become a significant turning point for cryptocurrency.
Analysts at Bitfinex mentioned in their report that there will be particular focus on whether Trump will mention content related to cryptocurrency reserve strategies, whether there will be regulatory easing to allow capital to flow into the U.S. digital asset market, and whether Bitcoin will be included in the U.S. financial infrastructure.
It is worth noting that, although analysts do not expect him to change policy immediately, if the tone of his speech leans towards supporting Bitcoin, it will significantly enhance Bitcoin's legitimacy among institutions and retail investors.
Analysts stated: "Trump's 100-day speech has drawn considerable attention in the cryptocurrency community. Even if there are no strong policy measures, if he can enhance institutional legitimacy or the tone of economic nationalism through these words, it may further integrate Bitcoin into a broader macro-political narrative."
Additionally, on-chain data shows that BTC supply is tightening, and exchange deposits have fallen to a multi-week low. This indicates that market sell pressure is easing, with more people leaning towards self-custody of assets. Although this single indicator is not enough to make investment decisions, combined with recent macro fluctuations and the impact of $7.2 billion in options expiration, it may recreate past bullish breakout scenarios.
From a historical cycle perspective, stable market prices and declining exchange assets usually signal an upward trend, especially in the context of sustained ETF and institutional demand. Everyone should stay alert to see if Trump's speech tonight will present a new opportunity for Bitcoin to rise!
What aspects do you think Trump's 100-day speech will focus on? Will there be favorable policy statements regarding Bitcoin or cryptocurrency? Comment and discuss to speculate on the market's impact!
