Bitcoin Reserve In The USA: Trump's Promise Frightens Bettors
The betting markets are seeing an explosion of chances that Donald Trump will establish a strategic reserve of bitcoin after taking office on January 20, 2025. This surge reflects the growing optimism surrounding Trump’s pro-crypto policies and his promises to make the United States a global crypto capital.
Bitcoin Reserve in the USA: Here are Trump’s Chances!
The betting markets, notably Kalshi and Polymarket, are seeing a significant increase in the chances that the elected President of the United States, Donald Trump, will establish a strategic reserve of Bitcoin (BTC) after taking office on January 20. Betters on Kalshi estimate the probability that Trump will create a BTC reserve in the United States by 2026 at nearly 70%. On Polymarket, users predict a 42% chance that Trump will do so in his first 100 days.
This surge in probabilities, up about 20% from early January lows, reflects the growing optimism around Trump’s pro-crypto policies. It should be noted that at the Bitcoin 2024 conference in Nashville, Tennessee, Trump promised to make the United States a global crypto capital and to create a “national strategic bitcoin reserve.”
On January 16, the New York Post reported that Trump is considering expanding a potential reserve to include a wider basket of cryptocurrencies beyond BTC, such as USD Coin (USDC), Solana (SOL), and XRP (XRP). He also plans to sign an executive order designating crypto as a national priority upon his return to office on January 20.
A Boost Greater than BTC ETFs!
The establishment of a BTC reserve in the United States would accelerate the adoption of bitcoin even more than the launch of ETFs in January 2024. “We believe that the Bitcoin Adoption Act in the United States would have a deeper long-term impact on Bitcoin than the launch of ETFs,” recently stated a researcher from CoinShares.
The betting markets thus reflect growing optimism about the future of BTC under the Trump administration. Despite crypto not helping Trump win the election, investors still hope for favorable cryptocurrency policies. This could transform the global financial landscape.
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Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.