What to know:
- Polymarket bettors look upon the prospect of a U.S. BTC reserve in Trump’s first 100 days with the same skepticism you’d reserve for a fish on a bicycle. 🐟🚲
- There’s a 53% chance that Texas will saunter off and create its own BTC reserve in 2025. 🤠
Ah, Polymarket, you clever skeptics! A mere 16% chance they give that the grand Donald Trump will mandate a strategic bitcoin reserve within his administration’s first 100 days. Not even the assurances from the crypto czar himself, David Sacks, could melt their icy doubt. Such icy doubt, you say? Yes, indeed!
“President Trump tasked us with exploring the idea,” Sacks mentioned on Fox with a seriousness fit for a man running away from a bear. “But we aren’t ready to say much more. Our working groups will dive deep into the Bitcoin abyss.”
🚨 NEW: President Trump’s Crypto Czar, David Sacks, confirms on Fox News that they are exploring a Federal Strategic #Bitcoin Reserve. 🚀
— Swan (@Swan) January 30, 2025
Senator Cynthia Lummis, a Wyoming Republican with a heart seemingly made of Bitcoin, has even proposed a bill for a reserve of her own fancy. However, let’s not confuse two separate measures – the White House efforts and Lummis’ quest.
Senator Lummis’ bill plans on a “Bitcoin Purchase Program” up to 200,000 BTC annually over five years, funded partly by the magical revaluation of Federal Reserve’s gold, so says CoinDesk. Presently, the bill sits in the Committee on Banking, Housing, and Urban Affairs, cozy and expectant.
One mighty supporter of these medieval bitcoin escapades is none other than Michael Saylor of MicroStrategy. “The best way to protect the dollar is to retire the debt and become rich,” he pronounced profoundly, as if rediscovering fire. “And if not that, then ensure you own every rising alternative asset out there.”
Meanwhile, over in Texas, the land of longhorns and lone stars, they’re secretly brewing their own strategic BTC reserve. Polymarket bets this cowboy idea has a 53% chance of seeing the light of 2025.
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2025-01-30 09:54