Donald Trump To Establish A National Bitcoin Reserve? A 30% Chance, Polymarket Traders Speculate
Posted On November 13, 2024
Persistent speculation about President-elect Donald Trump establishing a national Bitcoin (CRYPTO: BTC) reserve has increased on the possible appointment of a perceived pro-crypto Treasury Secretary.
What Happened: Polymarket odds show a roughly 30% probability of Trump “creating a national Bitcoin reserve.”
Barbara Goodstein, Managing Partner at R360, commented on Monday on the speculation about Bitcoin being recognized as a strategic reserve asset, suggesting that U.S. reserves may rise from the current 232,000 BTC to over a million.
Billionaire hedge fund manager and crypto advocate Scott Bessent has emerged as the frontrunner for Treasury Secretary with an 81% probability, according to Polymarket.
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