Bitcoin Price Outlook: Trump Speech Unlikely to Boost BTC, Analyst Says

Tempered Expectations for Trump Speech Impact

Bitcoin traders hoping for a price boost from President Donald Trump’s speech at the White House Digital Assets Summit may need to manage their expectations. According to Standard Chartered analyst Geoffrey Kendrick, it’s unlikely that Trump’s comments will provide immediate upside catalysts for BTC prices.

Bullish Long-Term Outlook for Bitcoin

Despite the lack of short-term drivers, Kendrick remains bullish on Bitcoin’s future. He highlights the potential for a U.S. strategic reserve of digital assets as a key long-term driver. Such a move could encourage other sovereign nations to follow suit, as seen with Abu Dhabi’s recent acquisition of 4,700 BTC through BlackRock’s IBIT fund.

Growing Interest from Sovereigns and Institutions

Kendrick predicts that more sovereigns will enter the Bitcoin market, building on Abu Dhabi’s example. Additionally, U.S. domestic players, such as state governments and pension funds, may also be encouraged to invest, further bolstering demand.

Near-Term Volatility Expected

In the short term, Bitcoin is expected to remain volatile, trading within the $80k to $95k range. Kendrick notes that while the market may appear choppy, the next significant move could break above this range, especially if broader economic pressures ease.

Potential Breakout on the Horizon

The analyst advises traders to capitalize on potential dips, particularly if macroeconomic uncertainties, such as tariff-related noise, subside. He suggests that a breakout above the current range could be imminent, signaling a positive shift in Bitcoin’s price trajectory.

Overall, while immediate gains from Trump’s speech are unlikely, Bitcoin’s long-term prospects remain strong, driven by growing institutional and sovereign interest.