Trump's Crypto Announcement Boosts Prices, Bitcoin Acquisition Possible

US President Donald Trump is scheduled to speak at the Digital Asset Summit, an event that has garnered significant attention from the crypto community. Former Fox Business reporter and Crypto America podcast host Eleanor Terrett reported that Trump is expected to make a major announcement regarding his crypto policy.

Crypto prices have risen in anticipation of his address, but investors are proceeding with caution, mindful that the event might not yield substantial news.

Experts suggest that the best cryptocurrencies to invest in at this moment are those with already bullish charts, as they have the highest potential for significant returns in the second quarter, regardless of Trump's announcement.

Trump's anticipated "big" crypto announcement has sparked considerable speculation, particularly since Terrett indicated that it will outline the next steps in his crypto policy. Earlier this month, Trump established a Strategic Bitcoin Reserve and a digital asset stockpile, leaving investors to wonder what his next move might be.

Bo Hines, the executive director of Trump’s crypto council, has suggested that the announcement could involve the United States acquiring Bitcoin. In a recent interview, Hines revealed that the US aims to obtain "as much Bitcoin as it can." He referenced a clause in Trump’s Strategic Bitcoin Reserve executive order, which tasked the Treasury and Commerce Departments with finding budget-neutral methods to acquire additional Bitcoin.

One possibility is that Trump could explicitly state his intention to buy Bitcoin during his address, potentially by endorsing Wyoming Senator Cynthia Lummis’ The Bitcoin Act. Lummis’ proposal mandates the US government to purchase 1 million BTC over five years, funded by reallocating the Federal Reserve’s surpluses and revaluing gold certificates held by the Treasury. This plan aligns with the requirements set by Trump’s Strategic Bitcoin Reserve executive order and does not require taxpayer funding.

Lummis’s Senate bill, along with a companion bill in the House of Representatives, has already garnered substantial support from fellow Congresspeople. Trump’s endorsement during his address could significantly boost the bill’s chances of approval.

While Trump’s announcement has the potential to trigger a broader market rally, there is also a possibility that it may not yield significant news. Experts advise that the best cryptocurrencies to invest in are those with strong chart performance. The market is expected to rally in the second quarter due to increasing global liquidity, and assets showing bullish strength now are likely to experience explosive continuation rallies in the coming weeks.

For example, whales continue to accumulate Bitcoin, especially after it surpassed its 200-day simple and exponential moving averages. A monthly close above these levels could indicate a new all-time high in the second quarter. Similarly, the meme coin Pepe has confirmed its inverse head-and-shoulder pattern after breaking the $0.0000073 resistance level. A continuation in the second quarter could lead to a target of $0.0000105 next month.

Solana meme coin Fartcoin is also in high demand, particularly after breaking above its 4-hour 200 SMA for the first time in over a month. A flip above the $0.40 mark now sets the stage for a rally to new highs. Low-cap cryptocurrencies are also attracting strong interest from whales and retail investors. A new Bitcoin-themed meme coin, BTC Bull (BTCBULL), has raised nearly $4 million in its presale, promising free Bitcoin to holders.

BTCBULL holders will receive "massive" free Bitcoin airdrops, along with token burns and additional BTCBULL when the BTC price hits certain milestones. If President Trump supports legislation for the US to buy Bitcoin, BTCBULL holders could see a substantial windfall, as the first Bitcoin airdrop is triggered at $150k.

Given its unique value proposition, prominent analysts view BTC Bull as a potential 100x crypto.