Polymarket is still skeptical about the creation of a national Bitcoin (BTC) reserve despite reassurances from David Sacks, Trump’s appointed crypto czar, that the idea is under consideration. The prediction market currently gives only a 16% chance that Trump will initiate a Bitcoin reserve during his first 100 days in office, even after Sacks confirmed in a Fox News interview that the administration is actively exploring the idea.
“We’re studying the issue at the request of President Trump,” Sacks explained during the interview. “We’re not ready to comment yet, but it’s definitely on the agenda for our working groups.” While the White House is reviewing the potential for a Bitcoin reserve, Senator Cynthia Lummis of Wyoming has already introduced a separate bill proposing a Bitcoin Purchase Program. The bill outlines the purchase of up to 200,000 BTC annually over five years and includes funding from the revaluation of the Federal Reserve’s gold reserves. The legislation is currently under review by the Senate Committee on Banking, Housing, and Urban Affairs.
MicroStrategy’s Michael Saylor is among those supporting the idea, believing it could help protect the U.S. dollar. “The best way to protect the dollar is to eliminate debt and build wealth. But if others consider alternative assets to Treasury bills, we need to own them,” Saylor said during a recent conference.
In parallel, Texas has announced its own plans to develop a state-level Bitcoin reserve. Polymarket has given a 53% probability that Texas will pass a bill to create its Bitcoin reserve in 2025.
