CandleFocus Polymarket odds of Trump approving strategic Bitcoin reserves fall to 27%
2024-12-28
Author: Content Editor
Polymarket users predict that President-elect Donald Trump will not approve a Strategic Bitcoin Reserve within the first 100 days of his administration. A poll with over $1.5 million in funds puts the odds at just 27%. However, some participants expect Trump to eventually accept Bitcoin as a strategic reserve, with odds at 61% by January 2026. Conservative-leaning states like Texas, Ohio, and Pennsylvania have also begun working on their strategic Bitcoin reserves. Proponents argue that it makes financial sense due to supply and demand dynamics, while opponents cite volatility, limited acceptance, and regulatory constraints as reasons against using Bitcoin to pay off the U.S. national debt. Trump has previously supported Bitcoin and suggested converting the government's holdings into strategic reserves, but the Federal Reserve is not currently allowed to hold Bitcoin without congressional approval.
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