Researchers say fake crypto websites deployed an iOS exploit kit capable of stealing wallet seed phrases and other financial data.
While altcoin interest on social media is at its lowest in 24 months, it could pick up again once Bitcoin’s rally starts to fade, according to crypto trader Michaël van de Poppe.
BitcoinWorld USD/CHF Defies Gravity: Soaring to 0.7800 as Fed Rate Cut Hopes Evaporate NEW YORK, March 2025 – The USD/CHF currency pair demonstrates remarkable resilience, maintaining strength near the 0.7800 psychological level as shifting monetary policy expectations reshape global forex dynamics. Market participants now confront a transformed landscape where Federal Reserve rate cut probabilities continue their dramatic decline, fundamentally altering traditional currency correlations and investment strategies across financial markets worldwide. USD/CHF Technical Analysis and Current Market Position The USD/CHF exchange rate currently trades within a critical technical zone, with the 0.7800 level serving as both psychological barrier and potential springboard for further dollar appreciation. Market analysts observe that the pair has established a consistent upward trajectory since January 2025, reflecting changing fundamental relationships between the world’s reserve currency and its Swiss counterpart. This movement represents a significant departure from traditional safe-haven flows that typically characterize Swiss franc behavior during periods of global uncertainty. Technical indicators reveal several important patterns. First, the 50-day moving average has crossed above the 200-day moving average, forming what technical analysts term a “golden cross.” Second, trading volumes have increased approximately 18% compared to the previous quarter, suggesting growing institutional interest. Third, resistance levels have consistently broken at 0.7750 and 0.7780, indicating sustained buying pressure. These technical developments coincide with fundamental shifts that merit detailed examination. Key Technical Levels for USD/CHF Level Type Significance 0.7850 Resistance 2024 high, psychological barrier 0.7800 Current Immediate trading zone, watched closely 0.7750 Support Previous resistance, now support 0.7700 Major Support 200-day moving average convergence Federal Reserve Policy Shift: The Driving Force Behind USD Strength The Federal Reserve’s evolving monetary policy stance represents the primary catalyst for current USD/CHF movements. Market expectations have undergone a dramatic transformation since December 2024, when futures markets priced in approximately 75 basis points of rate cuts for 2025. Current pricing suggests fewer than 25 basis points of easing, with some analysts even discussing potential rate hikes should inflationary pressures reemerge. This policy recalibration stems from several interconnected factors: Persistent inflation metrics: Core PCE inflation remains above the Fed’s 2% target, registering 2.3% in the latest reading Robust labor market data: Unemployment claims continue at historic lows while wage growth maintains momentum Resilient economic growth: Q4 2024 GDP exceeded expectations at 2.8% annualized Global dollar demand: Emerging market debt servicing and commodity pricing sustain dollar requirements Federal Reserve Chair Jerome Powell emphasized this shift during recent congressional testimony, stating that “policy adjustments will remain data-dependent, with particular attention to inflation persistence.” This language contrasts markedly with earlier communications that emphasized the potential for policy normalization. Market participants now interpret these statements as indicating extended higher rates, creating favorable conditions for dollar appreciation against most major currencies, including traditionally defensive assets like the Swiss franc. Swiss National Bank’s Delicate Balancing Act While Federal Reserve policy dominates USD/CHF dynamics, the Swiss National Bank (SNB) faces its own complex challenges. Switzerland’s unique economic position combines export dependence with traditional safe-haven status, creating policy dilemmas that influence franc valuation. The SNB maintains its benchmark rate at 1.75%, having paused its tightening cycle in December 2024 amid concerns about economic growth and currency appreciation pressures. Recent SNB communications reveal several important considerations. First, Swiss inflation has moderated to 1.2%, comfortably below the SNB’s target range. Second, export growth has slowed significantly, particularly in pharmaceutical and precision instrument sectors. Third, the traditional safe-haven flows that typically support the franc during global uncertainty have diminished as investors seek yield in higher-rate environments. These factors collectively reduce pressure on the SNB to maintain aggressive monetary policy, creating a widening interest rate differential that favors the US dollar. Comparative Central Bank Policies Central Bank Current Rate Expected 2025 Moves Primary Concern Federal Reserve 5.25-5.50% 0-25 bps cuts Inflation persistence Swiss National Bank 1.75% Potential cuts Export competitiveness European Central Bank 3.50% 50-75 bps cuts Growth stagnation Bank of England 5.25% 25-50 bps cuts Services inflation Global Macroeconomic Context and Currency Implications The USD/CHF relationship operates within a broader global macroeconomic framework that extends beyond direct monetary policy comparisons. Several structural factors contribute to current dynamics, including commodity price movements, geopolitical developments, and shifting trade patterns. Energy markets particularly influence the pair, as Switzerland imports approximately 70% of its energy while the United States maintains energy independence. Recent oil price stabilization around $78 per barrel reduces inflationary pressures in Switzerland more significantly than in the United States, creating divergent policy requirements. Additionally, gold prices have retreated from record highs, diminishing traditional support for the Swiss franc given Switzerland’s historical gold reserves and refining industry. These commodity dynamics interact with interest rate differentials to create sustained pressure on the USD/CHF exchange rate. Geopolitical considerations further complicate the picture. While traditional safe-haven flows would typically support the franc during periods of global tension, current conflicts have produced unexpected currency responses. The dollar has benefited from its unique status as the world’s primary reserve currency and settlement medium for global trade, while the franc’s traditional haven characteristics have diminished relative to yield considerations. This represents a significant evolution in currency market behavior with important implications for portfolio managers and corporate treasurers. Market Participant Behavior and Positioning Analysis Institutional positioning data reveals substantial shifts in how market participants approach the USD/CHF pair. According to the latest Commitment of Traders report, leveraged funds have increased net long USD positions against the franc by approximately 42% since January 2025. This positioning reflects both tactical views on monetary policy divergence and strategic reassessments of traditional currency relationships. Corporate hedging activity shows similar patterns. Multinational corporations with Swiss franc exposures have accelerated hedging programs, particularly for longer-dated exposures. This activity creates additional technical support for current exchange rate levels as corporations lock in rates for future transactions. Meanwhile, retail trader positioning remains more balanced according to several brokerage reports, suggesting that individual investors may be slower to adjust to changing fundamental dynamics. Options market data provides further insight into market expectations. Implied volatility for USD/CHF options has increased modestly, particularly for longer-dated contracts, indicating growing uncertainty about future policy paths. Risk reversals show a slight bias toward dollar calls over franc calls, reflecting asymmetric expectations for further dollar strength. These technical factors combine with fundamental developments to create the current trading environment. Historical Context and Pattern Recognition Current USD/CHF dynamics exhibit similarities to several historical periods while maintaining unique characteristics. The most relevant comparison emerges from the 2018-2019 period when Federal Reserve tightening similarly diverged from global central bank policies. During that episode, USD/CHF appreciated approximately 8% over nine months before reversing as policy expectations converged. However, important differences distinguish current circumstances. First, global inflation levels remain elevated compared to the 2018-2019 period, creating different policy constraints. Second, Swiss negative interest rate policy has ended, altering fundamental valuation metrics. Third, global debt levels have increased substantially, changing how markets respond to interest rate differentials. These differences suggest that while historical patterns provide useful context, they cannot perfectly predict current market evolution. Longer-term analysis reveals additional insights. The USD/CHF pair has traded within a broad range of 0.6500 to 0.8500 over the past decade, with current levels representing the upper portion of this range. Mean reversion tendencies suggest potential resistance around current levels, but fundamental shifts can override statistical patterns. Market participants must therefore balance technical considerations with evolving economic realities. Risk Factors and Potential Catalysts for Change While current trends favor USD strength against the Swiss franc, several risk factors could alter this trajectory. Unexpected economic data represents the most immediate potential catalyst, particularly if US employment or inflation metrics soften significantly. Federal Reserve communications will remain crucial, with any suggestion of accelerated easing likely to pressure the dollar. Similarly, SNB policy surprises could quickly shift dynamics, particularly if Swiss authorities express heightened concern about franc weakness. Global developments present additional risks. Escalation of geopolitical conflicts could revive traditional safe-haven flows toward the franc despite interest rate considerations. European economic recovery might reduce dollar demand through improved euro strength, indirectly affecting USD/CHF through cross-currency relationships. Banking sector stress, while currently contained, could resurface and benefit traditional haven currencies like the franc. Market technicals also warrant monitoring. Positioning extremes often precede reversals, and current institutional dollar longs approach levels that have historically correlated with corrections. Liquidity conditions may change as market participants adjust to new volatility regimes. These technical factors, while secondary to fundamentals, can accelerate moves once trends begin to shift. Conclusion The USD/CHF currency pair maintains strength near 0.7800 as fading Federal Reserve rate cut odds reshape fundamental relationships between the world’s major currencies. This movement reflects broader monetary policy divergence, with the Federal Reserve maintaining restrictive policy while other central banks, including the Swiss National Bank, face different economic constraints. Current dynamics combine technical factors with evolving fundamentals, creating an environment where dollar strength persists despite traditional safe-haven considerations. Market participants must monitor multiple variables, including inflation data, central bank communications, and global risk sentiment, as these factors will determine whether USD/CHF sustains current levels or encounters resistance. The pair’s behavior offers important insights into broader financial market trends and the evolving global monetary policy landscape. FAQs Q1: What does USD/CHF at 0.7800 mean for traders? The USD/CHF exchange rate at 0.7800 indicates that one US dollar purchases 0.78 Swiss francs. This level represents a significant technical and psychological barrier that traders monitor closely for potential breakout or reversal signals. Q2: Why are Federal Reserve rate cut odds fading? Federal Reserve rate cut expectations have diminished due to persistent inflation above target levels, strong labor market data, and resilient economic growth. These factors suggest the Fed may maintain higher rates for longer than previously anticipated. Q3: How does Swiss National Bank policy affect USD/CHF? The Swiss National Bank influences USD/CHF through its interest rate decisions, currency interventions, and policy communications. Currently, the SNB maintains a less restrictive policy stance than the Fed, contributing to franc weakness against the dollar. Q4: What makes the Swiss franc a traditional safe-haven currency? The Swiss franc historically functions as a safe haven due to Switzerland’s political neutrality, strong banking system, current account surplus, and substantial gold reserves. However, interest rate differentials can sometimes override these traditional characteristics. Q5: How might USD/CHF move if Fed rate cut expectations increase? If Federal Reserve rate cut expectations increase significantly, USD/CHF would likely decline as dollar weakness combines with potential franc strength. The magnitude would depend on the timing and scale of expected policy changes relative to other central banks. This post USD/CHF Defies Gravity: Soaring to 0.7800 as Fed Rate Cut Hopes Evaporate first appeared on BitcoinWorld .
BitcoinWorld AIPF Token: A Fully Renounced Decentralized Finance Protocol In an industry crowded with short-term digital assets, anonymous control wallets, and hidden mint backdoors, finding true decentralization has become a rarity. Today, we are looking at the AIPF token (AI Powered Finance), a project designed from day one with a singular, uncompromised objective: to remove human control and replace it entirely with protocol-driven logic. If you are tired of projects that promise decentralization but secretly hold the keys to the treasury, the AIPF token offers a refreshing, fully verifiable alternative. Table of Contents What Makes the AIPF Token Unique? No Owner, No Admin, No Upgrade Keys Transparent Minting vs. Hidden Agendas AI-Governed Emission Logic Revenue-Backed Design Sell Fee Is Transparent and Limited Immutable Governance Philosophy Why This Matters Right Now A Rare Combination The Bigger Picture What Makes the AIPF Token Unique? Most cryptocurrency projects rely heavily on human management. Developers often retain the power to pause trading, blacklist wallets, or mint infinite new supplies. The AIPF token breaks this mold by placing absolute trust in immutable blockchain technology. It operates entirely on automated, transparent smart contracts, representing a pure form of decentralized finance (DeFi). No Owner, No Admin, No Upgrade Keys The core philosophy behind the AIPF token is verifiable immutability. The token contract has permanently renounced ownership. This is not just a marketing claim; it is verifiable on-chain. After the renouncement transaction was executed on the Polygon network, several permanent safeguards were locked into place: No modifications: No one can modify the token parameters. Fixed fee behavior: No one can change how fees behave. Zero privileges: No one can introduce new administrative privileges. Immutable code: No one can upgrade or replace the underlying logic. You can verify the renouncement transaction yourself directly on the blockchain: View the PolygonScan Transaction . Transparent Minting vs. Hidden Agendas Automated crypto scanners frequently flag DeFi protocols for “hidden mint functionality.” Let’s look at the facts regarding how the AIPF token handles this. The mint function within the AIPF ecosystem is explicit, publicly visible, and restricted exclusively to two specific protocol-level contracts. No owner, developer, or individual wallet can call this function. There is no public mint. There is no owner mint. There is no arbitrary supply control. Minting is governed strictly by system-level logic. Because the contracts authorized to interact with minting are also renounced and immutable, this represents a protocol-restricted emission system, completely shielded from manipulation. AI-Governed Emission Logic The AIPF token utilizes an advanced, multi-layer artificial intelligence structure to govern its emissions and ensure long-term sustainability: ALP (AI Longevity Predictor): Monitors treasury sustainability and health. NEE (Neural Emission Engine): Executes supply emissions only when mathematical thresholds are met. SIG (Supply Integrity Guard): Enforces strict emission caps and overarching safety limits. Supply adjustments are never based on market hype, emotional reactions, or human intervention. They rely solely on measurable treasury health metrics running transparently on the blockchain. Revenue-Backed Design Unlike typical tokens that rely on hyper-inflationary reward models, the AIPF token utilizes a revenue-backed design. The protocol integrates: Fee collection Treasury reserves Liquidity management Buyback & burn mechanisms This creates a sustainable, closed-loop system where revenue strengthens the treasury, the treasury supports liquidity, liquidity stabilizes the price, and stability improves overall longevity. It is architecture-driven, not promise-driven. Sell Fee Is Transparent and Limited Transparency is critical when it comes to tokenomics. The AIPF token includes a 5% sell fee (50 / 1000 basis points). This fee is: Clearly defined in the smart contract code. Not adjustable post-renounce. Exclusively used to support the treasury and overall system sustainability. There is absolutely no hidden tax manipulation or dynamic trap logic designed to lock investors in. Immutable Governance Philosophy Most projects claim decentralization but retain backdoors, such as admin wallets, upgradeable proxies, emergency override keys, or multi-sig super controls. The AIPF token has actively removed those elements. Once deployed and renounced, the system operates purely on smart contract logic. The development team cannot change supply rules, and they cannot alter core behavior. The system is 100% self-governing. Why This Matters Right Now The crypto market has matured. Investors are no longer impressed by flashy branding, unsustainable APY promises, or centralized control disguised as decentralization. Today’s sophisticated investors are looking for: Immutability Verifiable on-chain transparency Architecture-driven sustainability Reduced human risk The AIPF token aligns perfectly with this evolution. It is not designed for short-term speculation cycles; it is designed to serve as a long-term, autonomous financial protocol. A Rare Combination It is incredibly rare to find a single asset that checks all the right boxes for true DeFi. The AIPF token combines: Renounced ownership Transparent mint logic AI-based sustainability modeling Treasury-backed mechanics Fee-based reinforcement On-chain verifiability Few projects in the current market offer even half of these features together. The Bigger Picture Decentralization is not just a marketing slogan; it is about removing power from people and placing it entirely in logic. The AIPF token has achieved exactly that. Every claim made about this protocol can be verified directly on PolygonScan. That level of transparency is not common—and that is precisely why it matters. Frequently Asked Questions (FAQ) What is the AIPF token? The AIPF token (AI Powered Finance) is a fully renounced, decentralized financial protocol governed entirely by AI logic and immutable smart contracts rather than human intervention. Does the AIPF token have an admin wallet? No. The AIPF token contract has permanently renounced ownership, meaning there are no admin wallets, no upgrade keys, and no individual can alter the core logic. How does the 5% sell fee work? The 5% sell fee is permanently hard-coded into the smart contract. It cannot be altered and is used specifically to support the treasury, strengthen liquidity, and ensure the long-term sustainability of the protocol. Is the token supply artificially manipulated? No. Emissions are controlled by a multi-layer AI structure (ALP, NEE, and SIG) that dictates supply adjustments based purely on measurable treasury health metrics, without arbitrary human control. This post AIPF Token: A Fully Renounced Decentralized Finance Protocol first appeared on BitcoinWorld .
The strategy aims to build upside exposure in March and April while minimizing upfront cost.
BitcoinWorld EUR/JPY Forecast: Resilient Pair Softens Below 182.50, Maintains Bullish Bias Above Critical 100-Day EMA Global forex markets witnessed the EUR/JPY cross retreat below the 182.50 psychological level during early Asian trading on Thursday, March 13, 2025, yet the pair continues demonstrating remarkable resilience above its crucial 100-day Exponential Moving Average. This technical development occurs against a complex backdrop of diverging monetary policies between the European Central Bank and the Bank of Japan, creating significant trading opportunities for informed market participants. EUR/JPY Technical Analysis: Current Price Action and Key Levels The EUR/JPY currency pair recently experienced a modest pullback from weekly highs near 183.20, finding initial support around the 182.30 region. Market analysts immediately noted this movement represents a healthy correction within a broader uptrend rather than a trend reversal. Technical indicators provide compelling evidence for this interpretation. The 100-day Exponential Moving Average, currently positioned at 181.85, continues serving as a formidable dynamic support level that has contained declines on four separate occasions over the past three months. Furthermore, the Relative Strength Index (RSI) currently reads 58, comfortably within neutral territory and suggesting no immediate overbought conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains positive, indicating sustained bullish momentum beneath recent price action. Traders should monitor several critical price zones: Immediate resistance: 182.80-183.20 zone (previous swing high and psychological level) Key support: 181.85-182.00 (100-day EMA confluence with horizontal support) Major resistance: 183.75 (2025 year-to-date high established in February) Critical support: 180.50 (200-day Simple Moving Average and February low) Fundamental Drivers: Diverging Central Bank Policies The EUR/JPY exchange rate fundamentally reflects the monetary policy divergence between two of the world’s largest economies. The European Central Bank maintains a relatively hawkish stance compared to its Japanese counterpart, creating natural upward pressure on the cross. Recent economic data reinforces this divergence. Eurozone inflation, while moderating, remains above the ECB’s 2% target at 2.4% year-over-year as of February 2025. Consequently, ECB officials continue signaling a cautious approach to interest rate cuts, with most analysts projecting only two 25-basis-point reductions throughout 2025. Conversely, the Bank of Japan persists with its ultra-accommodative monetary framework despite recent modest policy adjustments. Japan’s core inflation, excluding fresh food, registered 2.1% in January 2025, barely above the central bank’s target after decades of deflationary pressures. The BOJ’s yield curve control policy continues capping 10-year Japanese Government Bond yields around 1.0%, maintaining significant interest rate differentials that favor the euro. This policy divergence manifests clearly in the following comparison: Economic Indicator Eurozone Japan Central Bank Policy Rate 3.25% -0.10% 10-Year Government Bond Yield 2.85% 0.95% Core Inflation (YoY) 2.4% 2.1% GDP Growth Forecast 2025 1.2% 0.8% Expert Analysis: Institutional Perspectives on EUR/JPY Direction Leading financial institutions provide nuanced assessments of the EUR/JPY outlook. Goldman Sachs currency strategists recently published research noting that “carry trade dynamics continue supporting EUR/JPY appreciation while volatility remains contained.” Their analysis highlights how investors borrow Japanese yen at near-zero rates to purchase higher-yielding euro-denominated assets, creating consistent demand for the cross. Meanwhile, Morgan Stanley’s technical analysis team identifies 181.50-182.00 as a “high-probability buying zone” given multiple confluence factors including the 100-day EMA, Fibonacci retracement levels, and volume profile support. Bloomberg Intelligence economists further observe that “Japanese institutional investors continue diversifying into European bonds, creating structural euro demand that may persist throughout 2025.” This capital flow dynamic receives reinforcement from Japan’s substantial current account surplus, which reached ¥2.8 trillion in January 2025. Market participants should monitor upcoming economic releases including Eurozone industrial production data on March 14 and Japan’s Tertiary Industry Index on March 15 for near-term directional catalysts. Historical Context and Volatility Patterns The EUR/JPY pair has demonstrated remarkable stability compared to other major crosses throughout early 2025, with 30-day realized volatility measuring just 7.8% compared to EUR/USD’s 9.2% and GBP/JPY’s 11.3%. This relative calmness enhances the pair’s attractiveness for carry trade strategies while potentially limiting short-term speculative interest. Historical analysis reveals significant patterns: the 100-day EMA has provided reliable support during eight of the past ten major pullbacks since 2023, with only the September 2024 risk-off episode producing a sustained break below this indicator. Seasonal factors also warrant consideration. March typically exhibits moderate EUR/JPY strength with an average monthly return of 0.6% over the past decade, coinciding with Japanese fiscal year-end repatriation flows that often precede renewed overseas investment in April. Current positioning data from the Commodity Futures Trading Commission shows leveraged funds maintaining net long EUR/JPY positions of 42,000 contracts, representing a reduction from January’s extreme bullish positioning but remaining above the yearly average of 31,000 contracts. Risk Factors and Alternative Scenarios Despite the prevailing bullish technical structure, several risk factors could alter the EUR/JPY trajectory. First, unexpected hawkish rhetoric from Bank of Japan officials regarding potential policy normalization could trigger rapid yen appreciation. Second, geopolitical tensions affecting European energy security might undermine euro sentiment. Third, significant deterioration in global risk appetite typically benefits the Japanese yen’s safe-haven characteristics. Technical analysts identify 180.50 as a critical level; a sustained break below this support would invalidate the current bullish bias and potentially target 178.80. Alternative scenarios include range-bound consolidation between 181.50 and 183.50 throughout the second quarter, particularly if both central banks maintain policy stability. Some analysts suggest watching the EUR/JPY correlation with global equity markets, which has strengthened to 0.65 over the past three months. Consequently, sustained equity market strength would likely support further EUR/JPY gains, while equity weakness could pressure the cross toward its key moving average supports. Conclusion The EUR/JPY forecast maintains a cautiously optimistic outlook despite recent softening below 182.50. The pair’s resilience above the critical 100-day Exponential Moving Average at 181.85 provides technical confirmation of underlying bullish momentum. Fundamental drivers, particularly the substantial monetary policy divergence between the ECB and BOJ, continue supporting medium-term appreciation prospects. Traders should monitor the 182.00-182.30 support zone for potential long entries, with initial resistance anticipated near 183.20. The EUR/JPY technical analysis ultimately suggests that current pullbacks represent buying opportunities rather than trend reversals, provided the 100-day EMA support remains intact. FAQs Q1: What does it mean when EUR/JPY “softens below 182.50 but retains bullish bias above the 100-day EMA”? This technical description indicates the currency pair experienced a minor decline below a specific price level (182.50) but continues trading above its 100-day Exponential Moving Average, which technical analysts interpret as a sign that the overall upward trend remains intact despite short-term weakness. Q2: Why is the 100-day Exponential Moving Average important for EUR/JPY analysis? The 100-day EMA serves as a key dynamic support level that smooths price data over approximately five months of trading. Many institutional traders use this indicator to identify the primary trend direction, with prices above suggesting bullish momentum and prices below indicating potential bearish conditions. Q3: What fundamental factors currently drive EUR/JPY exchange rates? The primary fundamental driver is monetary policy divergence: the European Central Bank maintains higher interest rates than the Bank of Japan, creating yield differentials that attract capital flows into euro-denominated assets. Additional factors include relative economic growth, inflation differentials, and risk sentiment in global markets. Q4: How do carry trades affect EUR/JPY price action? Carry trades involve borrowing Japanese yen at low interest rates to invest in higher-yielding euro assets. This creates consistent demand for EUR/JPY as traders execute these transactions, particularly when market volatility remains low and the interest rate differential persists. Q5: What price levels should traders watch for potential EUR/JPY trend changes? Key levels include resistance at 183.75 (year-to-date high), support at 181.85 (100-day EMA), and critical support at 180.50 (200-day moving average). A sustained break below 180.50 would suggest a potential trend reversal, while a break above 183.75 could accelerate bullish momentum. This post EUR/JPY Forecast: Resilient Pair Softens Below 182.50, Maintains Bullish Bias Above Critical 100-Day EMA first appeared on BitcoinWorld .
X has introduced a strict new policy targeting the spread of artificial intelligence-generated war misinformation by hitting creators where it hurts: their wallets. The Role of Community Notes Social media platform X has announced a major revision to its creator revenue-sharing policies, targeting artificial intelligence-generated videos of armed conflicts. The move comes amid the escalating
U.S. spot bitcoin ETFs added another $155 Million on Wednesday, continuing a two week run of institutional inflows even as Glassnode warns underlying demand remains fragile.
ZEC is in a downtrend despite the short-term rise and volatility is high; the $215.53 support breakdown poses a critical risk. Bitcoin's downtrend may increase pressure on altcoins, capital should ...
The US government is sitting on roughly 378,372 Bitcoin worth more than $24 billion, according to data from Arkham Research. Yet more than a year after US President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, no new Bitcoin has been purchased. Related Reading: Iran’s Crypto Market Shaken As Outflows Skyrocket 700% The government has not gone beyond the digital assets it already held from criminal seizures. David Bailey, a former crypto advisor to the Trump administration, says that gap tells the whole story. Liking Is Not Enough: Bailey “Liking Bitcoin is not enough,” Bailey said last week at the Bitcoin Investor Week Conference in New York City. He was direct about what he sees as the difference between political goodwill and real action. His view: Trump’s support for Bitcoin has been real, but support alone does not move markets or policy. Spending Political Capital Is The Hard Part Bailey said the administration made an important first step. But first steps, he argued, do not automatically lead to second ones. Without a willingness to push through resistance — from budget hawks, from skeptical lawmakers, from a political system that does not easily bend to new financial ideas — the reserve order remains mostly symbolic. Reports say the White House’s own AI and crypto coordinator, David Sacks, acknowledged the challenge early. Just two months after the executive order was signed, Sacks said adding to the government’s Bitcoin holdings would require a “budget-neutral” approach — meaning no new taxes and no new debt. That constraint has proven difficult to work around. No framework for how to meet it has been made public. Bailey did not spare the hard language. “Unless you’re willing to bear the political capital necessary to mobilize the different gears necessary to move the ball forward,” he said, the outcome is the same whether a politician likes Bitcoin or not. He called out the difference between voicing an opinion and doing the work to back it up. Bailey Says Bitcoin Wins Either Way Despite the criticism, Bailey stopped well short of pessimism. He told the conference audience that Bitcoin does not need government action to survive or grow. The question, as he framed it, is only one of timing. Related Reading: Long-Term Bitcoin Holders Buy $14 Billion In BTC As Retail Headed For The Exit “Whether it’s four years from now, or 10 years from now, or 20 years from now,” he said, “we will get to the point where we actually have a government that is conducive to the rules we need for Bitcoin to be successful.” Bailey now runs KindlyMD, a Bitcoin treasury company, and he made clear his focus is on expanding ownership rather than waiting on Washington. More Bitcoin owners means more voters who have a personal stake in pro-Bitcoin policy — and that, he argued, is what makes adoption inevitable over time. Featured image from Pixabay, chart from TradingView