Recently, a co-founder of a derivative trading platform posted an article, offering some interesting perspectives on the United States' potential strategic Bitcoin reserves and new cryptocurrency regulatory legislation.

His core point is that government buying and selling assets is mainly for political gain rather than economic benefit. This perspective is indeed worth considering—you can buy whatever you can sell, but the government's logic often differs. He even straightforwardly stated that Bitcoin doesn't have much substantive effect on the U.S. government itself; Trump could simply declare the mission accomplished by watching Bitcoin's price.

What's more interesting is his concern about the direction of regulation. He pointed out that the close ties between cryptocurrency donors and the new government could have negative impacts, further consolidating the monopoly power of certain large institutions, while new entrants would be pushed out of the market due to these vested interests' systemic privileges. This logic applies to any industry.

Regarding the subsequent trend, he predicts Bitcoin will fall back to the levels seen in the fourth quarter, around $70,000 to $75,000. The reason is that cryptocurrencies are not a priority at all, even though "those crypto people pushed it onto the stage." He mentioned that policy implementation is very slow; issues like tariffs or ESG are the real time-consuming topics.

Now that BTC has already surpassed $80K, market sentiment and policy directions are still evolving. This interaction between politics and the market is indeed a perspective worth continuously observing in the near future.