Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
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President Donald Trump shared a viral video titled “greatest Bitcoin explanation of all time” on Truth Social, posting a 2018 Senate testimony by Peter Van Valkenburgh of the Coin Center, which describes Bitcoin as a revolutionary, decentralized payment system that protects user privacy and removes middlemen.
The viral video explains Bitcoin’s fundamental properties and potential to transform financial systems, with Trump’s endorsement hinting at continued presidential support for cryptocurrency adoption.
The post comes as Bitcoin trades above $118,000 following its recent all-time high of $123,091, with analysts targeting $125,000 as the next psychological milestone.
Trump’s social media activity has historically triggered significant price movements in Bitcoin.
His previous declaration that crypto was going “through the roof” contributed to Bitcoin’s parabolic rally past $120,000.
The latest endorsement occurs amid record institutional adoption, with spot Bitcoin ETFs recording $2.39 billion in weekly inflows from July 14 to 18, marking six consecutive weeks of net inflows, according to SoSoValue.
Over 273 companies now hold Bitcoin on their balance sheets, doubling from 124 companies since June 5.
Notably, the post also follows Trump’s signing of the GENIUS Act into law on Friday afternoon.
Trump joked during the White House ceremony that “they named it after me” while calling it “a hell of an act.”
The Guiding and Establishing National Innovation for U.S. Stablecoins Act also passed the House 308-122 on Thursday during “Crypto Week,” despite initial procedural failures that required Trump’s late-night intervention with holdout lawmakers.
The president declared the signing “a massive validation” for the crypto community.
Technical analysts view the current consolidation near $118,000 as a bullish pennant pattern following the vertical rally to $123,000.
The formation typically signals continuation moves, with traders anticipating a breakout toward new highs driven by sustained institutional demand and favorable regulatory developments.
Institutional Capital Drives Historic Price Discovery Phase
Copper’s head of research, Fadi Aboualfa, predicts that Bitcoin reaching $150,000 is “inevitable,” with potential arrival by early October if current momentum continues.
ETFs have accumulated over 165,000 BTC in the past 100 days, with each 10,000 BTC addition correlating to a 1.8% price increase.
The institutional-driven rally differs markedly from previous retail-led cycles.
Similarly, Katie Stockton from Fairlead Strategies projects $135,000 as an intermediate-term objective based on measured move projections from the recent breakout.
The target seemed aggressive days ago, but appears increasingly achievable following the sustained institutional adoption wave.
Nearly 98% of Bitcoin addresses remain in profit, with large transactions totaling $236.5 billion over seven days.
Yesterday, Michael Saylor hinted at new accumulation strategies for MicroStrategy using the phrase “Stay humble, stack sats,” while 58 companies added 7,700 BTC in one week.
Speaking with Cryptonews, OKX Chief Commercial Officer Lennix Lai also mentioned that the milestone represents “a long-term structural shift in how digital assets are integrated into the global financial system.”
He cited record ETF inflows, favorable legislation, and rising stablecoin adoption as key catalysts, in addition to market exuberance.
Trump Effect and Technical Patterns Point to $125K Target
Trump’s crypto endorsements have consistently triggered significant price movements, dating back to election night 2024 when Bitcoin surged from $69,500 to over $75,000 within hours of his victory.
The 8.5% single-night gain was primarily facilitated by investor expectations of crypto-friendly regulatory frameworks.
The post-election rally continued through December 2024, with Bitcoin surpassing $100,000 for the first time based on Trump’s campaign promises to make America “the crypto capital of the planet.”
Current technical analysis supports continued upward momentum.
The bullish pennant formation suggests bulls are consolidating before the next leg higher, with resistance levels at $125,000 and $130,000 representing key breakout targets.
While Bitcoin dominance has declined from 65% in June toward 60% as attention shifts to altcoins, analysts expect BTC to lead during the next phase.
Copper research suggests that Bitcoin will begin overheating between $140,000 and $200,000, creating natural profit-taking opportunities.
Looking forward, the institutional maturation theme is expected to continue, particularly as pension funds and corporate treasuries drive sustained inflows rather than social media-driven speculation.
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