#华尔街日报 【Bitcoin surges 20%! Trump and Wall Street team up to do something big?】
"Witness history!" This line of words was flooding the screen of investors who recently opened the cryptocurrency app. Bitcoin has soared from a low of $75,000 in April to $95,000, with a daily trading volume exceeding $50 billion. Even the most experienced traders on Wall Street exclaimed: "This is not a bull market, this is a rocket launch!"
1. Trump’s shocking reversal
Remember Trump, who criticized Bitcoin as a "scam" in 2019? Now he is the top financier in the cryptocurrency circle! The executive order signed on March 6 directly turned the US government into a "big Bitcoin hoarder". Not only did it announce that it would hold 200,000 Bitcoins and never sell them, it also threatened to make the United States the "global cryptocurrency capital". This wave of operations directly caused Bitcoin to rise to $90,000 in the short term. Although it subsequently fell back to $86,500 due to policy details not meeting expectations, the market has already smelled something different.
What's even more amazing is that Trump actually launched his own cryptocurrency "Trumpcoin". This meme coin with the president's name had a market value of over 10 billion just after it was launched, but it plummeted by 80% three months later, which is a textbook example of "political bubble". However, this does not prevent Trump from continuing to harvest political donations from cryptocurrency supporters - during last year's election, the cryptocurrency industry spent 130 million US dollars to support him through super PACs. This wave of "leeks cutting each other" is really exciting.
2. Wall Street’s Secret War
While retail investors are still struggling to decide whether to buy at the bottom, Wall Street vultures have already quietly made their plans. BlackRock, which manages $10 trillion in assets, suddenly announced: "Opening Bitcoin business this year!" The holdings of its Bitcoin ETF (IBIT) soared from 2.6 million shares to 5.85 million shares, with a total value of more than $270 million. Even more exaggerated is that Robert Michenick, head of digital assets at BlackRock, directly said: "Funds are returning on a large scale!"
High-frequency trading giant Tower Research Capital is even crazier. Their quantitative team Limestone Trading not only doubled the cryptocurrency trading funds, but also spent a lot of money to upgrade the market-making system, aiming directly at the liquidity dominance of global exchanges. You know, this company drastically reduced its cryptocurrency business after the FTX crash in 2022, and now it is suddenly firing on all cylinders, and the signal it sends couldn’t be more obvious.
3. Geopolitical secret war
The "geopolitical fragmentation superpower" mentioned by BlackRock is becoming a reality. While Trump was talking about "strategic bitcoin reserves" in the White House, the EU was accelerating the "digital euro" and Russia was also testing its own digital currency. A currency war without gunpowder has begun. This game has suddenly given Bitcoin the aura of "digital gold" - when Trump announced the imposition of tariffs in April, which caused market panic, Bitcoin rose 12% against the trend, twice the increase of gold.
However, this "safe-haven property" is not stable. When Iran's attack on Israel caused global panic, Bitcoin plummeted by 15% because investors preferred "traditional safe-haven assets" such as gold and the US dollar. This contradictory market reaction just exposes the fragility of Bitcoin as an emerging asset.
4. The shadow behind the madness
Although the market is now full of excitement, risks are growing in the dark. Although Standard Chartered Bank predicts that Bitcoin will reach $200,000 by the end of the year, Arthur Hayes, the founder of BitMEX, warns that it may fall back to $70,000. Behind this divergence is the sword of Damocles of policy uncertainty - cryptocurrency legislation at the federal level in the United States has been difficult to implement, and the SEC and CFTC are still fighting over regulatory power.
What is even more dangerous is the "scythe" of institutions. In February 2025, BlackRock sold $188.7 million of Bitcoin ETF in a single day, directly triggering a market crash. This kind of "institutional dumping" drama may be staged frequently in the future.
5. What should retail investors do?
For ordinary investors, the current market is like a roller coaster. If you want to enter the market, remember these three iron rules:
1. Don’t believe in political narratives: Trump’s policies may change at any time, and the plunge of “Trump Coin” is a lesson for us.
2. Beware of the institutional sickle: The movements of giants such as BlackRock and Citadel often mean market turning points.
3. Control your position: It has become normal for Bitcoin to fluctuate by more than $10,000 a day, and going all-in may result in a total loss.
This cryptocurrency storm, triggered by politics and capital, is reshaping the global financial landscape. Is Bitcoin the gold of the new era, or the biggest Ponzi scheme in history? The answer may not be revealed until the end of Trump's term. But one thing is certain: in the next few years, the cryptocurrency market will be as exciting as any Hollywood blockbuster. #贝莱德 #比特币战略储备 #BTC走势分析 #加密市场回调
