President Trump’s World Liberty Financial made a significant move, buying $10 million Bitcoin and $10 million Ethereum in preparation for the White House Crypto Summit. This news has sparked rampant speculation about his motivations and what this implies for U.S. crypto policy. With major industry players attending the summit, many wonder if this marks a strategic shift in the nation’s digital asset trajectory.
The White House Crypto Summit on March 7, 2025, will be a turning point for U.S. digital asset policy. Hosted by David Sacks, the event will include speakers like Coinbase CEO Brian Armstrong and MicroStrategy’s Michael Saylor. Regulatory clarity, blockchain innovation, and whether a U.S. strategic Bitcoin reserve will be formed to advance America’s role in finance globally will be on the agenda.
Trump’s Crypto Strategy
President Trump’s timely investment in crypto has triggered a frenzy among market analysts and investors during a period of market instability and regulatory uncertainty. Nansen on-chain data was the first to indicate that the purchase was made days prior to the summit, along with smaller purchases in other tokens like MOVE. Investors and market analysts interpret this as an action to influence market sentiment or to show confidence in the future prospects of cryptocurrencies.
This project aligns with Trump’s ambition for America to lead the world in cryptocurrencies. Trump’s order earlier this year pictured a “Crypto Strategic Reserve” that includes Bitcoin, Ethereum, and other digital currencies. Certain individuals believe this could increase market instability, while others view it as a move towards change in finance.
Market Reaction and Insider Trading
The crypto market has responded sharply to Trump’s latest action, with Bitcoin going past $90,000. As the market recovers, smaller altcoins like XRP and ADA are also experiencing a boost in popularity, possibly driven by overall optimism in the crypto market. This indicates that Trump’s actions have a ripple effect across the digital asset space, extending beyond Bitcoin and Ethereum.
Allegations of insider trading have been mounting since Trump made such investments days before the summit. Critics see the timing as a sign that Trump is about to introduce policies to favor such assets. User CRYPTO SAIF responded to an X post:
After the White House Crypto Summit tomorrow, the crypto space is anticipating big policy announcements, perhaps a U.S. strategic crypto reserve and tax relief. Analysts predict that Bitcoin’s price may cross $95,000 on March 7, 2025. This could also give a boost to Ethereum and other altcoins like Solana. These developments will increase investor confidence, attract more institutional participants, and further establish cryptocurrencies as a mainstream asset class.
READ MORE: World Liberty Financial Adds Sui to Strategic Token Reserve
