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Did a Country Secretly Buy 200,000 Bitcoin? Eric Trump Fuels Rumors
Eric Trump, now a prominent advocate for Bitcoin and cryptocurrencies, has recently made headlines with his statements at the SALT Conference in Jackson Hole. Trump, co-founder of the American Bitcoin mining company, claims that both he and his father, Donald Trump, own "a lot" of Bitcoin. During a panel discussion, he suggested that a country had secretly purchased 200,000 Bitcoin, currently valued at over 22 billion US dollars. He stated, "Our country just bought 200,000 Bitcoin – very quietly. We don't want anyone to know, but that's how much we believe in this asset."
However, it remains unclear whether these statements were hypothetical or based on actual insider information. The context does not definitively clarify if a head of state truly confided this to Eric Trump. The article from Blocktrainer points out that, while the idea of national Bitcoin reserves is spreading—El Salvador holds 6,275 BTC and Bhutan over 10,500 BTC—there is no confirmation of such a massive secret purchase. According to Arkham Intelligence, the US government is attributed with 198,000 BTC, but US Treasury Secretary Scott Bessent recently stated that the US would not be buying more Bitcoin, only to later suggest that budget-neutral acquisitions could be considered.
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Eric Trump at the SALT Conference: "I spend a lot of time in almost every country, on almost every continent. I have projects and talk to people, and honestly, the race for cryptocurrencies is absolutely electrifying right now."
| Country | Known BTC Holdings |
|---|---|
| El Salvador | 6,275 BTC |
| Bhutan | 10,500+ BTC |
| USA (Arkham Intelligence) | 198,000 BTC |
- Eric Trump claims knowledge of a secret 200,000 BTC purchase by a country.
- No official confirmation or evidence supports this claim.
- National Bitcoin reserves are becoming more common, but the largest known holdings are still public.
Summary: Eric Trump's statements have sparked speculation about a secret national Bitcoin purchase, but there is no concrete evidence to support this. The largest known government holdings remain with the US, El Salvador, and Bhutan. (Source: Blocktrainer)
Bitcoin Deemed Oversold: Experts See New Buying Opportunities
The Bitcoin price has recently undergone a significant correction, consolidating around 113,000 US dollars. Ahead of Jerome Powell's speech in Jackson Hole, many investors have reduced their exposure to riskier assets. Over the past week, Bitcoin has lost about five percent, with the gap to its recent all-time high widening to nearly ten percent. Despite this, several experts view the current market as oversold, presenting new entry opportunities.
Investor Anthony Pompliano highlighted in a recent interview that Bitcoin, at around 110,000 US dollars, is considered oversold, attributing this mainly to seasonal effects and typical August market behavior. He notes that summer months are usually marked by lower activity and liquidity, leading to price declines that are not necessarily justified by fundamentals. Pompliano remains optimistic, pointing to historically strong months following a Bitcoin halving and potential interest rate cuts by the US Federal Reserve as possible catalysts for recovery.
- Bitcoin is consolidating at 113,000 US dollars after a 5% weekly loss.
- Experts, including Anthony Pompliano, see the market as oversold and expect a rebound.
- Seasonal effects and low summer liquidity are cited as reasons for the current weakness.
Summary: Despite recent declines, experts believe Bitcoin is oversold and anticipate new buying opportunities, especially as market activity picks up in the coming months. (Source: Wallstreet Online)
Bitcoin in Focus: Market Balances Between $110,000 and $120,000
The current Bitcoin situation has captured the attention of the entire crypto market. The price is fluctuating within a critical range between two psychological levels—$110,000 as support and $120,000 as resistance. Market tension is high as traders and investors await the next moves. Jerome Powell's upcoming Jackson Hole speech could have significant effects, especially if he disappoints hopes for rate cuts. Large market players (whales) are active, with a notable $75 million transfer from Bitcoin to Ethereum long positions illustrating shifting strategies.
Unused liquidity just below $110,000 could trigger a sharp pullback before a potential breakout. Experts recommend a defensive yet opportunistic approach. For August 22 (Friday), Bitcoin is expected to trade between $112,000 and $115,000, with $112,000 as key support. Over the weekend, the range could expand to $113,000–$116,000, with $115,000 as both psychological and technical resistance. A convincing break above $115,000 could unleash bullish momentum and FOMO effects, but a rejection could see a drop back to $112,000, making stop-losses important.
| Date | Expected Range | Key Levels |
|---|---|---|
| August 22 | $112,000–$115,000 | $112,000 support |
| Weekend | $113,000–$116,000 | $115,000 resistance |
| August 25 | $114,000–$117,000 | Break above $115,000 = bullish |
- Market is in a critical range between $110,000 and $120,000.
- Key events and whale activity are influencing short-term price action.
- Stop-losses are recommended due to potential volatility.
Summary: Bitcoin is trading in a tight range, with key levels at $110,000 and $120,000. Upcoming events and large market moves could trigger significant volatility. (Source: Wallstreet Online)
Despite Correction: Bitcoin Expected to Rise Massively by Year-End
Bitcoin is currently under significant pressure in the markets, but analysts at 21st Capital remain confident in its future. According to a recent analysis, Bitcoin is seen as the strongest asset and a direct mirror of global liquidity. The study forecasts a year-end price of $200,000, with a long-term target of $1.2 to $1.5 million by 2035. While annual returns are expected to slow, Bitcoin is still viewed as a clear beneficiary of global money supply expansion.
Currently, Bitcoin is in a downward trend, having recently fallen below $115,000. The report identifies an accumulation zone between $117,000 and $114,000, suggesting investors could find new buying opportunities before the $200,000 target comes into focus. However, the chart indicates that if Bitcoin drops below the key support at $110,000, it could slide further towards $100,000.
| Forecast | Value |
|---|---|
| Year-End 2025 | $200,000 |
| Long-Term (2035) | $1.2–$1.5 million |
| Current Accumulation Zone | $117,000–$114,000 |
| Key Support | $110,000 |
- Analysts see Bitcoin as a leading indicator of global liquidity.
- Year-end target is $200,000, with long-term potential up to $1.5 million.
- Current correction could offer new buying opportunities.
Summary: Despite current market weakness, analysts remain bullish on Bitcoin, forecasting significant gains by year-end and beyond. (Source: Börse Online)
Bitcoin Reserves: Strategy Executive Sends Clear Message
Corporate Bitcoin reserves and treasury strategies have drawn significant attention in recent months, with some critics warning of a potential bubble. Strategy, a leading company in this field, has seen its stock drop about ten percent in the past week and around twenty percent over the past month, now trading at approximately $335, down from its all-time high of $542. Despite this, management remains optimistic about its Bitcoin-focused strategy.
Shirish Jajodia, Corporate Treasurer at Strategy, believes the Bitcoin treasury model is not only forward-looking but also a decisive competitive advantage. Strategy was the first company to center its treasury on Bitcoin and remains the largest player in this segment. Recent changes in accounting rules now allow Bitcoin gains to be immediately reflected on the balance sheet, which enabled Strategy to record a $14 billion increase in value within a single quarter.
On the financing side, Strategy uses highly over-collateralized products, such as "perpetual preferred equities," which appeal even to conservative investors. The fivefold over-collateralization significantly reduces risk and opens new doors in the institutional capital market. With over 25 banks supporting the company and broad analyst coverage, it is becoming easier for other companies to follow suit. Jajodia's message is clear: Strategy buys Bitcoin around the clock and will continue this course.
"Strategy buys Bitcoin around the clock and will continue this course. The broader the acceptance, the more all participants benefit." – Shirish Jajodia, Corporate Treasurer at Strategy
- Strategy's stock is down 10% in the past week and 20% in the past month.
- Recent accounting changes allowed a $14 billion value increase in one quarter.
- Strategy uses fivefold over-collateralized products to reduce risk.
- Over 25 banks support the company's Bitcoin strategy.
Summary: Despite recent stock declines, Strategy remains committed to its Bitcoin treasury strategy, leveraging new accounting rules and innovative financial products to maintain its leadership. (Source: Business Insider Deutschland)
Bitcoin Hyper: Layer-2 Solution Gains Momentum
Bitcoin Hyper is emerging as an innovative Layer-2 solution, aiming to address Bitcoin's scalability and transaction cost challenges. The project combines the security of the Bitcoin network with the speed and developer-friendliness of the Solana Virtual Machine. The native HYPER token serves multiple functions, including payments, governance, and staking. Notably, staking currently offers returns of around 99 percent APY. The ongoing presale has already raised over $11.25 million, with strong investor interest.
- Bitcoin Hyper integrates Solana Virtual Machine for high speed and security.
- HYPER token enables payments, governance, and staking (99% APY).
- Presale has raised over $11.25 million.
Summary: Bitcoin Hyper is attracting significant attention as a Layer-2 solution, with its presale raising over $11.25 million and offering high staking returns. (Sources: Wallstreet Online, Business Insider Deutschland)
Sources:
- Fast 5-Mrd.-USD in Bitcoin- und Ethereum-Optionen laufen vor Jackson-Hole-Rede aus
- Hat ein Land heimlich 200.000 Bitcoin gekauft? Eric Trump befeuert Gerüchte
- Bitcoin als überverkauft bewertet: Experten sehen neue Kaufchancen
- Bitcoin im Fokus: Markt balanciert zwischen 110.000$ und 120.000$
- Trotz Korrektur: So massiv soll der Bitcoin bis zum Jahresende steigen
- Bitcoin Reserven: Strategy-Führungskraft mit klarer Botschaft
