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BitcoinSistemi 2025-01-30 12:19:08

Trump's Crypto Policy Director David Sacks Made Statements About Bitcoin Reserve! Here Are the Details

Despite Trump’s crypto policy chief David Sacks confirming that the administration is examining creating a US strategic Bitcoin (BTC) reserve, betting markets remain unconvinced. Polymarket Skeptical of US Bitcoin Reserve Despite Trump Advisor's Reassurance Prediction platform Polymarket currently pegs the probability of Donald Trump ordering the establishment of a national BTC reserve within the first 100 days of his administration at just 16%, reflecting skepticism about the plan’s viability and political momentum. In a recent interview, Sacks confirmed that President Trump had asked his team to assess the potential for a BTC reserve, but refrained from making a definitive commitment. “President Trump has asked us to look into this issue, so we are not ready to comment on it yet. But it is one of the issues that our working groups will look at,” he said. Separately, Senator Cynthia Lummis (R-WY), a staunch Bitcoin advocate, has introduced legislation to create a BTC reserve through a “Bitcoin Purchase Program.” The offering aims to purchase up to 200,000 BTC per year for five years, funded in part by the revaluation of the Federal Reserve’s gold holdings. However, this legislative initiative remains distinct from any previous White House-led effort and is currently under review by the Senate Banking, Housing and Urban Affairs Committee. MicroStrategy Chairman Michael Saylor, one of the strongest advocates of a US Bitcoin reserve, argues that such a move would preserve the dominance of the US dollar. Meanwhile, Texas is also taking its own steps toward a Bitcoin reserve. Unlike the federal effort, it seems more likely to move forward in the Texas state legislature, with Polymarket bettors placing a 53% chance that a bill approving a Texas BTC reserve will pass in 2025. *This is not investment advice. Continue Reading: Trump's Crypto Policy Director David Sacks Made Statements About Bitcoin Reserve! Here Are the Details