Trump’s Bitcoin Reserve: A Comedy of Errors and Skepticism! 😂💰

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What to know:

  • In a move that has left many scratching their heads, President Donald Trump has embarked on the grand adventure of establishing a U.S. Bitcoin reserve. However, the Polymarket traders, those ever-skeptical souls, are raising their eyebrows and muttering that it might not materialize within the first 100 days of his presidency.
  • The initial announcement sent XRP and SOL soaring like a kite in a gale, only for it to be revealed that BTC and ETH would also be joining the party. 🎉

On a rather eventful weekend, a post on Truth Social from our dear President Trump set the wheels in motion for what he hopes will be a strategic U.S. Bitcoin (BTC) reserve. Yet, the Polymarket traders, with their crystal balls, are not convinced it will happen within the first 100 days. Oh, the drama! 🎭

As of the latest gossip, Polymarket bettors are giving a mere 23% chance that a strategic BTC reserve will be established by the end of April 30th, 2025. Quite the nail-biter, isn’t it?

Now, the rules of this rather peculiar contract state that the U.S. government must hold actual bitcoin—not the kind you find in a confiscated treasure chest—by 11:59 PM ET on April 29 for this to be a resounding “yes.” Announcements alone, it seems, are not enough to satisfy the contract gods.

After Trump’s announcement, the chances of a reserve coming to fruition jumped from a paltry 11% to a more optimistic 23%. Meanwhile, another contract speculating whether a reserve will be created by the end of 2025 is currently sitting pretty at a 65% chance of resolving to yes. Talk about a rollercoaster! 🎢

Initially, Trump’s social media post only mentioned XRP and SOL as the chosen ones for the reserve, causing their values to spike like a soufflé in the oven, before he clarified that BTC and ETH would also be invited to the soirée. How very inclusive of him!

Among the traders, one Theo5 has emerged as a veritable Midas, raking in a $40,000 profit on his no position. Rumor has it he’s linked to a French trader who has created a series of accounts, including Theo4, to bet on Trump’s victory in the upcoming November 2024 election. Quite the clever chap, isn’t he?

Meanwhile, a trader known as Polywog has found himself in a bit of a pickle, losing $73,000 on their yes position and an additional $560,000 by misjudging the outcome of the 2025 election. Oh dear, what a calamity! 😱

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2025-03-02 21:29