Cryptocurrency prediction market Polymarket only gives a 16% chance that Donald Trump will order the creation of a strategic Bitcoin reserve in the first 100 days of his administration. This is despite confirmation from crypto czar David Sacks that there is an effort underway to explore the idea. Senator Cynthia Lummis has submitted a separate bill proposing the creation of a reserve, unrelated to the White House's efforts. The bill suggests a "Bitcoin Purchase Program" funded partially by revaluing the Federal Reserve's gold. MicroStrategy's Michael Saylor supports the move, believing it will protect the dollar. Additionally, the State of Texas is said to be working on its own strategic Bitcoin reserve, with bettors giving a 53% chance that a bill allowing its creation will be passed in 2025.



Other News from Today