Matrixport Research: Trump’s National Digital Asset Stockpile Plan May Bolster BTC Market Confidence

BTC is currently navigating a complex interplay of opposing forces. On the technical side, daily reversal indicators reached oversold levels last week, hinting at potential support, while weekly indicators still signal that BTC remains overbought. On the macroeconomic front, bearish factors like tightening liquidity and the Federal Reserve’s hawkish stance create headwinds. At the same time, bullish drivers such as expectations of a U.S.-based BTC Reserve and the pro-crypto Trump presidency provide support.

Over the past week, Trump’s inauguration and his National Digital Asset Stockpile plan have become key topics of discussion, potentially providing a boost to market confidence. However, funding remains a significant obstacle. Simultaneously, the adoption of digital assets continues to grow, with RWA protocol TVL surpassing $7.3 billion and government securities now comprising a significant portion, reflecting a strong market preference for lower-risk digital assets.

Trump’s National Digital Asset Stockpile Plan Could Support BTC Confidence

On January 20, Trump officially assumed office, with his proposed National Digital Asset Stockpile plan emerging as a major focus. Market participants widely speculate that incorporating BTC into national reserves with a long-term holding commitment could attract greater institutional investment. However, the actual market impact of such confidence remains uncertain.

The primary challenge for the stockpile plan lies in its funding sources. The United States is facing severe fiscal constraints, with annual interest payments on debt becoming an increasingly heavy burden. Over the next decade, fiscal space is expected to shrink further, making debt issuance to purchase BTC highly unlikely.

In the absence of traditional fiscal mechanisms, market-driven solutions may provide a viable path forward. Trump’s previous experiments with token-based fundraising, though controversial, offer a reference point for similar “sandbox tests.” These approaches could present practical options for advancing the National Digital Asset Stockpile plan.

$TRUMP Drives Solana DEX Trading Volume to Record Highs

The buzz surrounding OFFICIAL TRUMP ($TRUMP) has led to a dramatic surge in Solana DEX usage. In January 2025, Solana DEX trading volumes reached an unprecedented 268% compared to Ethereum DEXs, up from just 53% in the same period last year.

With Solana processing $122 billion in trading volume compared to Ethereum’s $45 billion, the growth highlights the ecosystem’s rapid expansion. Solana’s lower transaction costs, enhanced network stability, and focus on user-friendly interfaces have made it a formidable competitor in the decentralized trading space, posing significant challenges to Ethereum’s market share.

RWA Protocol TVL Surpasses $7.3 Billion, Government Securities Dominate

According to The Block, as of January 22, the total value locked (TVL) in real-world asset (RWA) protocols has exceeded $7.3 billion, marking a more than 200% year-over-year increase. Usual Protocol and Hashnote USYC lead the sector, each holding approximately $1.48 billion in TVL.

Government securities now account for about two-thirds of total RWA TVL, a sharp increase from 36% a year ago. This shift highlights growing investor confidence in regulated, government-backed digital assets and underscores a market preference for low-risk, traditional financial instruments, signaling a maturing sector.

As RWA protocols increasingly focus on government-backed asset classes, their growth trajectory reflects institutional acceptance of blockchain-based financial tools. In today’s economic climate, the demand for lower-risk digital assets continues to rise, solidifying the role of RWAs in the evolving financial landscape.

Some of the views mentioned above are sourced from Matrix on Target. Contact us to access the full Matrix on Target report.

Disclaimer: The above content is for informational purposes and reference only. The content does not constitute investment advice. Digital asset transactions can be precarious and volatile. Investment decisions should be made after carefully considering individual circumstances and consulting financial professionals. Matrixport is not responsible for any investment decisions based on the information provided in this content.

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