Polymarket Sees 16% Chance of Trump Creating Bitcoin Reserve
Polymarket indicates a 16% probability that Donald Trump will create a strategic bitcoin reserve within his first 100 days. David Sacks, a crypto advisor, confirmed efforts to explore this idea but did not provide details.
Senator Cynthia Lummis has introduced a bill for a "Bitcoin Purchase Program," proposing the acquisition of up to 200,000 BTC annually over five years, funded partly by revaluing the Federal Reserve's gold. The bill is currently with the Committee on Banking, Housing, and Urban Affairs.
Michael Saylor from MicroStrategy supports the initiative, stating it could protect the dollar by ensuring the U.S. owns alternative capital assets to treasury bills.
Additionally, Texas is developing its own strategic BTC reserve, with Polymarket reflecting a 53% chance that this bill will pass in 2025.