Polymarket Remains Doubtful on U.S. Bitcoin Reserve Despite David Sacks' Claims

Overview

Polymarket bettors are doubtful about the establishment of a strategic Bitcoin (BTC) reserve as part of the first 100 days of the Trump administration, despite assurances from David Sacks, the crypto czar.

Key Points

Polymarket indicates only a 16% chance that a national BTC reserve will be created in the initial days of Trump’s term.
Bettors believe there’s a 53% chance Texas will enact a bill for its own BTC reserve in 2025.

Sacks’ Position

David Sacks remarked on Fox, “President Trump has asked us to study that issue, so we are not ready to comment on it yet. But it’s one of the things our working groups are going to look at.”

Legislative Developments

Senator Cynthia Lummis has proposed a separate bill for a Bitcoin Purchase Program of up to 200,000 BTC a year over five years.

Support

MicroStrategy’s Michael Saylor emphasized protecting the dollar through various means, including potential asset acquisitions that diverge from traditional treasury bills.

Outlook

The State of Texas is also pursuing a strategic BTC reserve, further complicating the landscape as Polymarket bettors keep a close eye on the developments.