CandleFocus Trump's Crypto Policy Director David Sacks Made Statements About Bitcoin Reserve! Here Are the Details
2025-01-30
Author: Content Editor
The Trump administration is considering the creation of a US strategic Bitcoin reserve, as confirmed by David Sacks, the crypto policy chief. However, prediction markets show skepticism, with only a 16% chance of this happening within the first 100 days of the administration. Senator Cynthia Lummis has introduced legislation for a BTC reserve through a "Bitcoin Purchase Program," although it is separate from any White House-led effort and is currently under review. MicroStrategy Chairman Michael Saylor supports a US Bitcoin reserve to maintain the dominance of the US dollar. Additionally, Texas is also considering a Bitcoin reserve, with a 53% chance of approval in 2025 according to Polymarket bettors.
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