Political decisions shape the future of cryptos, and the crypto summit organized by the Trump administration at the White House on March 7 is brilliant proof. This event, which aimed to establish a new posture of the United States against the blockchain industry, aroused mixed reactions. While some observers see institutional recognition of Bitcoin and a strategic turning point, others denounce a simple political blow without concrete measures. This meeting, which coincided with the announcement of the creation of a Bitcoin strategic reserve, had an immediate impact on the markets, which led to a 7.3 % drop in the BTC and the massive out of the Bitcoin ETF. So, real advance or advertisement?
A summit with contrasting expectations
From the opening of the summit, the Trump administration sought to stand out from previous policies, considered hostile to the crypto ecosystem. The American president insisted on the need for more structured integration of Bitcoin within the national economy. Kyle Samani, partner at Multicoin Capital and present at the event, has qualified This initiative on the social network X (ex Twitter) on March 8, 2025 of “historic moment”, a first for an American administration.
However, not all players in the sector have shared this enthusiasm. While some institutional people have seen an advance towards a wider adoption, others, like the Miles Deutscher trader, have nuanced the real impact of the summit. “It's a step in the right direction, but the concrete implications remain unclear,” he declared In a publication on the social network X (ex Twitter) on March 8, 2025.
The big announcement of the day was the executive order signed by Trump, which established a Bitcoin strategic reserve owned by the State. A strong signal, but which has left many investors perplexed. The Administration said that these purchases would be made exclusively through seizures of assets and neutral budgetary strategies, which excluded any public funding. This restriction was perceived by some as a lack of real commitment from the American government towards Bitcoin.
The immediate impact on the market and the criticisms of the maximalists
If the announcement of a government commitment to bitcoin could have reassured the markets, the reaction was very different. Shortly after signing the executive order, the BTC dropped by 7.3 %, which was a significant decline after several weeks of increase. The ETF Bitcoin recorded $ 370 million in outings, a chain reaction that illustrates the distrust of investors.
These Bitcoin maximalists were among the first to denounce the summit. Justin Bechler, fervent defender of the BTC, has qualified The event on platform X on March 6 of “Reunion of pro-regulation lobbyists”, because it insinuates that this initiative aimed more to impose government control over industry than to support it. A criticism shared by Nic Puckrin, founder of the office area, who has ironized In a publication on X on March 8 that “given the reaction of the markets, we can assume that no revolutionary announcement has been made”.
The medium -term perspectives remain uncertain. While some analysts are considering a return to the BTC at $ 70,000 before a rise to $ 100,000, others estimate that the upper dynamic could run out of steam in the face of political decisions deemed disappointing. The Trump administration now has a card to play: transforming this first advance into concrete actions, or seeing the Crypto market remain pending a real commitment from the American state.
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