A “big announcement” tied to US President Donald Trump’s Bitcoin reserve is expected within weeks, according to White House crypto advisor Patrick Witt, who made the statement at the Bitcoin Conference in Las Vegas earlier this week.
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Bitcoin: Market Momentum, Not Messaging
The timing of that potential announcement comes as Bitcoin sits well below the $100,000 mark — a level it has not touched since mid-November.
The cryptocurrency dropped to a yearly low of $60,000 in February before climbing back to around $78,250. Despite the rough stretch, some analysts say Bitcoin does not need a headline-grabbing catalyst to push higher.
Michael van de Poppe, founder of MN Trading Capital, argued Friday that price itself does the heavy lifting. “Price moves upwards, and the narrative will create itself,” he wrote on X. His view cuts against the common belief that Bitcoin needs a compelling story before investors pile in.
Van de Poppe had asked publicly what narrative would carry Bitcoin back to six figures — then answered his own question by saying none was required.
What narrative will bring #Bitcoin to $100K?
There doesn’t need to be a narrative that pushes the price upwards.
Price moves upwards, and the narrative will create itself.
At this point, it doesn’t feel like there’s ever a narrative again that will be moving the needle for…
— Michaël van de Poppe (@CryptoMichNL) May 1, 2026
He pointed to math, statistics, and logic as the tools investors should be using, and called current price regions good for accumulation.
His argument flips the usual script: rather than waiting for a catalyst, he suggests the catalyst emerges after prices move.
Attention Has Drifted Elsewhere
Part of what makes the current moment unusual is where investor attention has gone. AI stocks and other technology sectors have pulled focus away from crypto. Nvidia, the largest AI-related stock by market cap, is up roughly 5% since January 1.
Bitcoin, over that same stretch, is down more than 8%. That gap tells a story about where money and mindshare have been flowing.
Regulatory developments have also been in the mix as a potential driver. The CLARITY Act, a proposed US bill aimed at giving the crypto industry clearer rules, has been cited by some as a possible price catalyst.
The final rewards text in the CLARITY Act is now public.
We’ve been clear throughout this process: much of this debate was based on imagined risks, not real evidence, nor was it 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 pushed back on that idea. He told reporters in December that while the legislation would be a positive development, it should not be expected to move markets in a big way. “Needed for sure, but not something that should redefine value,” Brandt said.
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A Regulatory Push And Policy Signal
On Friday, Coinbase chief legal officer Faryar Shirzad said it was time for the CLARITY Act to be wrapped up, following the release of new stablecoin yield provisions.
The bill’s progress has been watched closely by industry insiders hoping clearer rules will bring in more institutional money.
Featured image from MetaAI, chart from TradingView
