Golden Finance reported that Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted that there are signs indicating that large players on Wall Street are trying to suppress BTC to put pressure on Strategy and other leveraged agents, which seems to be effective. If they can push the BTC price down to a low enough level, it will destroy the simple Capital Market mechanisms these companies use to increase BTC. In this environment, generating new BTC organically at a price much lower than the market price is much better than using debt or equity to purchase BTC in the open market for 'returns'. The market seems to be slowly realizing this trend.

Golden Finance reported that Mike Alfred, founder of Alpine Fox LP (@mikealfred), revealed that the Trump administration is preparing to announce a major policy at the upcoming Cryptocurrency Summit on Friday: eliminating capital gains tax on Cryptocurrency sales. At present, the official confirmation of this news has not been confirmed, and market participants are closely watching the further developments of Friday's summit.