Notification
Mycryptopot
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
Reading: Polymarket odds of Trump approving strategic Bitcoin reserves fall to 27%
Share
bitcoin
Bitcoin (BTC) $ 107,136.70
ethereum
Ethereum (ETH) $ 2,625.66
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 655.39
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.20
binance-usd
BUSD (BUSD) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.177564
cardano
Cardano (ADA) $ 0.645628
solana
Solana (SOL) $ 156.74
matic-network
Polygon (MATIC) $ 0.204604
polkadot
Polkadot (DOT) $ 3.91
tron
TRON (TRX) $ 0.27134
MycryptopotMycryptopot
Search
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • Nft
    • Solana
    • XRP
    • Tron
  • MarketCap
  • Market
  • Forex
  • Mining
  • Metaverse
  • Exchange
  • Regulations
  • Analysis
    • Crypto Bubbles
    • Multi Currency
    • Evaluation
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Mycryptopot > News > Crypto > Bitcoin > Polymarket odds of Trump approving strategic Bitcoin reserves fall to 27%
Bitcoin

Polymarket odds of Trump approving strategic Bitcoin reserves fall to 27%

January 1, 2025 4 Min Read
Share
Polymarket odds of Trump approving strategic Bitcoin reserves fall to 27%
mycryptopot

Polymarket customers predict that President-elect Donald Trump won’t approve a Strategic Bitcoin Reserve inside the first 100 days of his administration.

A ballot with over $1.5 million in funds places these odds at simply 27%, down from 60% after Trump’s election. It is a notable prediction since Polymarket has been extremely correct prior to now, together with its estimate on the final presidential election.

mycryptopot

Odds of strategic Bitcoin reserves are falling | Supply: Polymarket

You may also like: US won’t approve strategic Bitcoin reserve: CryptoQuant CEO

Kalshi customers disagree

Different members within the prediction market anticipate Trump to finally settle for Bitcoin (BTC) as a strategic reserve, becoming a member of crude oil and gold. Kalshi, for instance, has positioned the percentages of a BTC reserve taking place by January 2026 at 61%, the very best level since Dec. 21.

Some conservative-leaning states like Texas, Ohio, and Pennsylvania have additionally began engaged on their strategic Bitcoin reserves. A invoice in Pennsylvania states that the federal government could make investments at the very least 10% of the State Basic Fund in Bitcoin to struggle inflation.

mycryptopot

Nonetheless, Polymarket and Kalshi customers anticipate the Texas strategic Bitcoin reserve invoice to take time. A Polymarket ballot locations the percentages of Texas passing the invoice by March subsequent yr at 10%, whereas Kalshi has the percentages at 24%.

Proponents of the U.S. embracing Bitcoin as a strategic reserve, together with Senator Cynthia Lummis, argue that it makes monetary sense due to the demand and provide dynamics. Information reveals that Bitcoin demand is rising, with spot ETFs having over $128 billion in belongings.

Provide is falling, with the mining problem rising to a file excessive after the final Bitcoin halving occasion in April this yr. In accordance with CoinGlass, Bitcoin balances in exchanges have continued falling this yr.

Proponents additionally level to MicroStrategy’s success, which has helped it change into an $80 billion firm by changing into the largest Bitcoin holder. As such, some analysts predict that the U.S. might finally use its Bitcoin holdings to pay a few of its debt, which at the moment stands at over $36 trillion.

Opponents argue that Bitcoin’s volatility, restricted acceptance, market scale, regulatory constraints, and its implications for sovereignty and belief make it an impractical answer for paying off the U.S. nationwide debt.

Additionally, the Federal Reserve has already stated that it’s not allowed to carry Bitcoin, which means that it might want a congressional regulation to try this.

Trump has supported Bitcoin and steered that the federal government ought to convert its Bitcoin holdings into strategic reserves. Information by BitcoinTreasuries present that the federal government holds 198,000 cash valued at $18 billion.

Learn extra: VERUM surges 88%, PHALA jumps 44%, Bitcoin struggles at $94k

mycryptopot

You Might Also Like

Market remains resilient with $308M in inflows despite turbulence

How Competition Accelerated Bitcoin’s Rise

Key Bitcoin Level At $97,877 Emerges Crucial To Bullish Run – Analyst Says Why

Bitfinex projects Bitcoin peaking at $290k in early 2026 if historical patterns repeat

Fed chair Powell signals caution as Trump tariffs loom over inflation outlook

TAGGED:BitcoinBitcoin News
Share This Article
Facebook Twitter Copy Link
Previous Article Robinhood hints crypto reward for users tonight Robinhood hints crypto reward for users tonight
Next Article Ethereum Bearish Signals Worsen as Genesis Whale Offloads $14.5M ETH Ethereum Bearish Signals Worsen as Genesis Whale Offloads $14.5M ETH
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
mycryptopot

Popular News

Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
Tangle Network Partners with Orochi Network to Advance Blockchain Capabilities
SONEX launches on Soneium’s mainnet 
SONEX launches on Soneium’s mainnet 
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Highlights From ABS2024 In Taipei: 13,245 Attendees Gather For Asia’s Premier Blockchain Summit
Ethereum (ETH) Price to $740,000? Super Bullish Macro Forecast is Out
Ethereum (ETH) Price to $740,000? Super Bullish Macro Forecast is Out
Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet
Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet
Shiba Inu
Solana Unveils “Seeker” Phone: Will SOL Spike To $250 Now?
- Advertisement -
mycryptopot

You Might Also Like

Caution from US investors leaves Coinbase Premium negative
Bitcoin

Caution from US investors leaves Coinbase Premium negative

March 18, 2025
Trump Media reportedly plans $3B raise for crypto buys via equity raise, bond backing
Bitcoin

Trump Media reportedly plans $3B raise for crypto buys via equity raise, bond backing

May 27, 2025
Bitcoin
Bitcoin

Double Bullish Pattern Tips Bitcoin For $167,000 Target – Analyst

June 14, 2025
Kuwait bans Bitcoin mining over energy concerns and legal violations
Bitcoin

Kuwait bans Bitcoin mining over energy concerns and legal violations

April 23, 2025
Mycryptopot

"Welcome to MyCryptoPot, your go-to source for the latest insights and developments in the ever-evolving world of cryptocurrency.

Editor Choice

Bitcoin STH MVRV Climbs To 0.90 – Is A Price Rebound On?
Ethereum ICO whale transfers 5,000 ETH to Kraken after selling $113M in two weeks
XRP Surpasses $3, Predicted to Hit $4 Soon?

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: Polymarket odds of Trump approving strategic Bitcoin reserves fall to 27%
Share
© 2024 All Rights reserved | Powered by Crypto My Crypto Pot
Welcome Back!

Sign in to your account

Lost your password?