Pakinomist – Anthony Pompliano, a well-known venture capitalist, podcaster and Bitcoiner, has shared data showing that the likelihood, or rather the expectations, of the new US president building a strategic reserve for the country in 2025 has seen a drastic increase.
This tweet was published while Bitcoin briefly rose to touch the $106,000 price mark. That was followed by a small pullback, and the world’s largest cryptocurrency by market capitalization is now changing hands at $103,120 a share. coin. This is down 2.71% within several hours today.
Bitcoin Reserve Probability Increases to 70%
Over the last 24 hours, the Bitcoin price has risen by around 4%, coming very close to the $106,000 level, and has shown a 16.90% increase over the past week – from $90,660 to $105,932.
It happened as the speculation about the new presidential administration in the United States and the plans of the newly elected political leader to give the green light to the creation of a strategic BTC reserve for the country and start building it this year.
According to a screenshot from the Kalshi betting market, the probability of that happening has reached an all-time high of 70%.
Another key factor that has driven the Bitcoin price so high is the approach of Donald Trump’s inauguration day, which will be January 20, Monday of next week.
The US government could sell 70,000 BTC
As reported earlier, the US Department of Justice (DOJ) was recently granted court permission to sell the 69,370 BTC confiscated from a Silk Road hacker in 2020.
The sale has not taken place yet, but it could result in the US government obtaining $7,152,699,078 in exchange for this crypto. However, many crypto fans are hoping that US President-elect Donald Trump will prevent the potential sell-off and keep the huge amount of Bitcoin for the strategic reserve he plans to build.
