President Donald Trump made a bold statement on March 7 at the White House cryptocurrency summit, announcing the creation of a Strategic Bitcoin Reserve. While the market reaction was muted, the policy could have long-term implications for Bitcoin investors. But the real headline came from four words he uttered: “Never sell your Bitcoin.”
A Landmark Announcement at the White House
Trump’s speech marked a significant moment in the history of cryptocurrency. The Strategic Bitcoin Reserve, if implemented, would hold Bitcoin, while a separate Digital Asset Stockpile would manage other cryptocurrencies.
During his address, Trump stumbled slightly when referring to Bitcoin investors, instead saying, “Every Bitcoin [sic] knows very well: Never sell your Bitcoin.” While the phrasing was unintentional, the sentiment was clear—Bitcoin is something to be held, not traded away lightly.
Bitcoin’s Market Reaction: A Shrug or a Signal?
Despite the president’s endorsement, Bitcoin’s price remained relatively steady. Some expected a stronger bullish reaction, but seasoned investors weren’t particularly surprised.
- Bitcoin has surged over the past year, reaching an all-time high of $108,785.53.
- The current price hovers around $83,570, with a 1.66% gain on the day of Trump’s remarks.
- The market cap now stands at a staggering $1.7 trillion.
The tepid market response suggests investors were already confident in Bitcoin’s long-term value. Still, the government’s commitment to holding its Bitcoin, rather than selling, could reinforce the scarcity factor that many believe drives price appreciation.
The Logic Behind “Never Selling”
Bitcoin holders have long championed the idea of never selling. The reasoning is simple: Bitcoin has a fixed supply of 21 million coins. As demand increases, the price should naturally rise.
A look at historical data tells the same story. Periods of steep declines have been followed by even steeper climbs. Consider this:
| Year | Bitcoin Price Low | Bitcoin Price High |
|---|---|---|
| 2015 | $200 | $500 |
| 2017 | $1,000 | $19,000 |
| 2020 | $3,800 | $29,000 |
| 2021 | $30,000 | $69,000 |
| 2024 | $49,000 | $108,000 |
Each cycle, those who held on saw their patience rewarded. The president’s statement aligns with the mentality of long-term Bitcoin believers, who argue that panic-selling during downturns is a losing strategy.
Will the U.S. Actually Buy More Bitcoin?
The Strategic Bitcoin Reserve announcement didn’t explicitly confirm whether the U.S. would acquire additional Bitcoin or simply hold existing assets. But either way, the move signals that Bitcoin has a place in national strategy.
One key takeaway is that if the U.S. sticks to this “never sell” policy, it could remove a significant portion of Bitcoin from active circulation. That alone could contribute to a tighter supply and, by extension, upward price pressure.
A Sensible Investment Strategy—or a Risky Bet?
For retail investors, the takeaway is clear: if you believe in Bitcoin’s long-term value, selling during price dips might not be the smartest move. That said, no investment is without risk.
Experts recommend that even bullish Bitcoin investors approach with caution:
- Never invest more than you can afford to lose.
- Consider allocating just 1% to 5% of your portfolio to Bitcoin.
- Use a dollar-cost averaging (DCA) strategy to build your position over time.
Ultimately, while Trump’s statement echoes the mindset of many Bitcoin enthusiasts, it’s up to individual investors to decide whether to follow the mantra or take profits when the time feels right.
