Polymarket sees only a 16% chance that Donald Trump will order the creation of a strategic Bitcoin (BTC) reserve in the first 100 days of its administration, despite insurances from Crypto Czar David Sacks that there is an effort there is an effort in the process of exploring the idea.
“President Trump has asked us to study this question, so we’re not ready to comment on it yet. But that’s one of the things our working groups will look at,” Sacks said in a recent performance at Fox.
Senator Cynthia Lummis, a Wyoming Republican known for his Bitcoin-friendly political attitude, has submitted a bill proposing the creation of a reserve, but this is a separate measure from the White House.
The bill proposes the establishment of a “Bitcoin purchase program” of up to 200,000 BTC a year over a five-year period and will be partially funded by reassessing the Federal Reserve’s gold, Coindesk reported earlier. Right now, the bill for Banking and Urban Affairs Committee is the Banking and Urban Affairs Committee.
Among supporters of such a movement is Microstrateys (Mstr) Michael Saylor, who said the plan will protect the dollar.
“The best way to protect the dollar is to make sure you retire and get rich,” said Microstratey (Mstr) executive chairman during a November conference. “The next best way to protect the dollar is to make sure that if someone ever ever considers another capital active than the Treasury’s bill, you own it. “
Meanwhile, the state of Texas recently said it is working on its own strategic BTC reserve. The Polymarket -Bettors give a 53% chance that a bill Green City’s creation of such a reserve in 2025.