According to White House crypto advisor Patrick Witt, who made the statement earlier this week at the Bitcoin conference in Las Vegas, a “major announcement” related to US President Donald Trump’s Bitcoin reserve is expected within weeks.
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Bitcoin: Market Momentum, Not Messaging
The timing of that possible announcement comes as Bitcoin is well below the $100,000 mark, a level not reached since mid-November.
The cryptocurrency fell to a yearly low of $60,000 in February before climbing back to around $78,250. Despite the rocky stretch, some analysts say Bitcoin doesn’t need a headline-grabbing catalyst to move higher.
Michael van de Poppe, founder of MN Trading Capital, argued on Friday that the price itself does the heavy lifting. “The price goes up, and the the story will create itself,” he wrote on X. His opinion goes against the common belief that Bitcoin needs a compelling story before investors jump in.
Van de Poppe had publicly asked what story would bring Bitcoin back to six figures – and then answered his own question by saying it wasn’t necessary.
What the story will bring #Bitcoin up to $100,000?
There doesn’t have to be a story that pushes the price up.
The price will move up and the story will create itself.
At this point, it doesn’t feel like there will ever be another story that will move the needle for…
— Michaël van de Poppe (@CryptoMichNL) May 1, 2026
He pointed to math, statistics and logic as the tools investors should use, calling current price regions good for accumulation.
His argument flips the usual script: instead of waiting for a catalyst, he suggests that the catalyst emerge after prices rise.
Attention has shifted elsewhere
Part of what makes the current moment unusual is where investor attention has disappeared. AI stocks and other tech sectors have drawn attention away from crypto. Nvidia, the largest AI-related stock by market capitalization, is up about 5% since January 1.
Bitcoin is down more than 8% over that same stretch. That gap tells a story about where money and mindshare have flowed.
Regulatory developments also play a role as a potential driver. The CLARITY Acta proposed US bill aimed at giving the crypto industry clearer regulations is being cited by some as a possible price catalyst.
The final reward text in the CLARITY Act is now public.
We have been clear throughout this process: much of this debate has been based on imagined risks, not real evidence, nor has it been based on a real understanding of how crypto actually works.
Nevertheless, the crypto industry showed… https://t.co/XoQ7Zp1Y39
— Faryar Shirzad 🛡️ (@faryarshirzad) May 1, 2026
But veteran trader Peter Brandt reconsidered that idea. He told reporters in December that while the legislation would be a positive development, it should not be expected to move markets widely. “Certainly necessary, but not something that should redefine value,” says Brandt.
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A regulatory signal and policy signal
On Friday, Coinbase Chief Legal Officer Faryar Shirzad said it was time to finalize the CLARITY Act, following the release of new stablecoin yield provisions.
The progress of the bill is being closely watched by industry insiders, hoping that clearer rules will bring in more institutional money.
Featured image from MetaAI, chart from TradingView