The First Crack in the Ice: Why Crypto Winter May Finally Be Thawing

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Fellow Hypergrowth Investors,

For months, crypto investors have been stuck in the interhalving dead zone. And the right move was to stay on the sidelines until the market handed us real evidence that the next boom cycle is starting to turn.

This week, for the first time since this dead zone began, we got some of that evidence.

On Wednesday, President Trump hosted crypto executives at the White House and said his administration is “considering” sizable purchases of Bitcoin (BTC/USD) and other digital assets, while again calling on Congress to pass “a fair version” of the CLARITY Act.

Bitcoin ripped through $69,000 that day.

But the more precise driver, per the same day’s reporting, was Treasury Secretary Bessent doubling the size of long-term bond buybacks, from $2 billion to at least $4 billion per operation.

That move is credited with triggering roughly $3 billion in short-position liquidations, which did as much or more to fuel the move as the crypto headlines did. The summit gave the rally a story while the short squeeze gave it its size.

The rally continued Thursday, with Bitcoin pushing toward $75,000. The same day, the CFTC’s newly formed Innovation Advisory Committee held its first meeting — 35 members, heavily weighted toward industry, with the CEOs of Coinbase (COIN), Robinhood (HOOD), Polymarket, and Kalshi in the room.