TD₿: Historic WIN For Bitcoin! What's Happening With the Price? - (a Swan original video) with Hurley
TL;DR: Trump's Bitcoin strategic reserve asset triggered a market dump, likely a 'sell the news' reaction or a shift in market dynamics. The U.S. prioritizing Bitcoin may spark nation state demand.
Hey Bitcoiners,
Trump’s historic executive order establishing a U.S. Strategic Bitcoin Reserve should have been one of the most bullish moments in Bitcoin history, yet the market reacted with a sell-off. The order confirms Bitcoin—not crypto—is official U.S. policy, with all BTC held in a long-term reserve, while non-Bitcoin assets are placed into a separate crypto stockpile that can be sold off. However, despite this massive shift, Bitcoin's price dropped from $86K to $76K, leaving many questioning the market’s reaction.
Broader macroeconomic uncertainty—including falling tech stocks and Trump's economic policies—has triggered market-wide deleveraging. The administration’s focus on lowering Treasury rates, refinancing debt, and stabilizing the banking sector is causing short-term volatility, making Bitcoin move alongside risk assets like Microsoft (-22%), Nvidia (-30%), and Tesla (-50%).
Treasury Secretary Howard Lutnick, a known Bitcoin bull, has multiple avenues to increase holdings, including selling altcoins from the crypto stockpile to convert them into Bitcoin. Q1 2025 may remain volatile, but as the economic outlook improves, institutional and government accumulation will likely drive the next leg of the Bitcoin bull market.
Check out the full episode here.
Tick tock next block,
The Swan Education Team
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Quote of the Day
“You need a PhD in economics to not understand Bitcoin.”
- Obi-Wan Kenobit
Job of the Day
Head of SRE
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Full Time
$120.0-202.0k (Annually)
Engineering / Financial Services
Join the Future of Money
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Lead and inspire: Lead, mentor, and coach a team of Site Reliability Engineers, fostering their professional development and growth.
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5+ years in software engineering, systems administration, or site reliability engineering.
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In the Headlines
Bitwise Launches Bitcoin Standard ETF Tracking 21 Major BTC-Holding Companies
Bitwise has introduced the Bitcoin Standard Corporations ETF (OWNB), tracking 21 publicly traded companies holding 1,000+ BTC, including MicroStrategy, MARA, Block, Coinbase, and Tesla. The ETF focuses on firms listed on Nasdaq and NYSE, many of which are Bitcoin miners.
Bitwise cited corporate Bitcoin adoption as a response to $5 trillion in low-yielding cash reserves, with companies increasingly viewing Bitcoin as a strategic reserve asset. While miners naturally hold Bitcoin as rewards, firms like Tesla initially invested in BTC to optimize cash holdings.
Sen. Cynthia Lummis Proposes $80B U.S. Bitcoin Reserve Plan in New Bill
Sen. Cynthia Lummis re-introduced the BITCOIN Act, proposing the U.S. government purchase one million Bitcoin (~$80B) over five years, codifying Trump’s strategic Bitcoin reserve policy into law.
The bill, supported by five Republican senators, would fund purchases through Federal Reserve net earnings and new certificates reflecting the Fed’s gold holdings at current market prices. It mandates the Treasury Secretary oversee acquisitions and maintain a decentralized Bitcoin storage network.
All BTC must be held for at least 20 years, with sell-offs limited to 10% every two years, ensuring controlled market impact. While aligned with Trump's vision, the bill allows for potential future BTC sales, diverging from the White House’s stance.
Swan Shortie of the Day
Event of the Day
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Meme of the Day
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