US Considers Strategic Bitcoin Reserve Amid Growing Support

Federal Initiatives

The Trump administration is reportedly considering the creation of a strategic Bitcoin (BTC) reserve. According to Polymarket, a predictive market platform, the likelihood of former President Donald Trump ordering such a reserve within the first 100 days of a potential future administration is currently at 16%. David Sacks, a crypto advocate and member of Trump's team, confirmed that the matter is under study but emphasized no official decision has been made.

Legislative Proposal

Senator Cynthia Lummis, a prominent Bitcoin supporter, has introduced a bill to establish a national Bitcoin reserve. The proposed legislation outlines a "Bitcoin Purchase Program" that would acquire up to 200,000 BTC annually over five years. Funding for the program would partially come from revaluing the Federal Reserve's gold reserves. The bill is currently under review by the Committee on Banking, Housing, and Urban Affairs.

Industry Support

Michael Saylor, executive chairman of MicroStrategy, has voiced strong support for a strategic Bitcoin reserve. He believes that investing in Bitcoin could help protect the value of the U.S. dollar by reducing debt and diversifying assets. Saylor emphasized the importance of owning alternative assets to strengthen the dollar's position.

State-Level Developments

Texas has also announced plans to create its own strategic Bitcoin reserve. Predictive markets are more optimistic about this initiative, with Polymarket assigning a 53% chance of the Texas legislature passing the necessary bill by 2025. This reflects growing interest in Bitcoin at both federal and state levels.

The concept of a strategic Bitcoin reserve is gaining traction as policymakers and industry leaders explore ways to integrate Bitcoin into the U.S. financial system. While federal efforts remain uncertain, state-level initiatives like Texas' proposal demonstrate the growing momentum behind Bitcoin adoption.