NewsBTC
May 2, 2026 upd. 6 Jun

White House crypto advisor expects Trump Bitcoin reserve announcement within weeks

2 min

White House advisor flags Trump’s “Bitcoin reserve” announcement within weeks

A “big announcement” on President Trump’s Bitcoin reserve is due within weeks, said White House crypto advisor Patrick Witt at a Las Vegas conference. Bitcoin stays under $100,000.

BTC hit $60,000 in February. It trades near $78,250 today.

Analysts split on catalysts. Michael van de Poppe says price leads narrative, not the other way around. He calls current levels good for accumulation. His post is here: van de Poppe on X.

AI stocks pull attention. Nvidia is up ~5% year-to-date. BTC is down over 8% over the same period.

Policy noise grows. The CLARITY Act’s stablecoin yield text is now public, noted Coinbase’s Faryar Shirzad. He urged Congress to wrap the bill. Source: Shirzad on X and background via Forbes on CLARITY Act.

Veteran trader Peter Brandt cautioned in December that clearer rules help but won’t “redefine value.”

BTC price chart

  • Timeline: “Within weeks” for a Trump BTC reserve announcement
  • Price: $60,000 February low; ~$78,250 now; still below $100,000
  • Flows: AI stocks gain mindshare; BTC lags year-to-date
  • Regulation: CLARITY Act stablecoin yield text released; push to finalize
  • View: Price can drive narrative; legislation seen as helpful, not a major price mover