#白宫首届加密货币峰会

Early this morning, Trump's "White House Crypto Summit" was finally revealed, but the results left the market with mixed feelings. As the first major event in the crypto industry for 2025, what are the core highlights and subsequent impacts of this summit? We combine on-site dynamics and industry opinions to highlight the key points for you!

1. What was said at the summit? No new policies, just "old news".

2. Market reaction: good news fully priced in, BTC short-term plunge.

3. Long-term impact: Has the U.S. fired the first shot in the "crypto hegemony"?

Despite no new moves from the summit, industry leaders generally believe that the U.S. establishing a BTC strategic reserve is of milestone significance:

—Reducing policy risk: After the U.S. government "holds coins," the possibility of banning BTC goes to zero;

—Forcing global follow-up: Bitwise predicts that G20 countries may follow the U.S. in starting a "BTC arms race";

—Accelerating institutional entry: Coinbase CEO stated that this move will drive traditional capital such as sovereign funds and pensions to flood in.

4. Controversial focus: Can altcoins hitch a ride?

Trump previously announced that the reserves include altcoins like ETH and XRP, but this executive order only clearly identifies BTC as the core reserve, with other seized assets (like ETH and SOL) falling into the "digital asset pool," which the Treasury has the right to sell. This may exacerbate market concerns about the policy risks of altcoins and further solidify BTC's status as "digital gold."

Summary: Short-term fluctuations, long-term narrative reinforcement.

The significance of this summit may not be in "what was said," but in "what was done"—the U.S. government officially incorporating crypto assets into its national strategy injects long-term confidence into the industry. Although the short-term market may correct due to unmet expectations, the symbolic significance of the "U.S. holding coins" may become the invisible engine for the next bull market.