- All eyes are on Trump honoring his crypto campaign pledges.
- The US strategic Bitcoin reserve concept is gaining traction post-election.
- The implications of such a reserve would be monumental.
Donald Trump’s landslide election victory on Wednesday sent a powerful message that Americans want change, especially crypto supporters eager for a new direction. After years of regulatory enforcement actions some saw as a deliberate roadblock to the crypto industry, this win signals fresh hope.
Crypto advocates are holding onto Trump’s pro-crypto promises, which include ending what he calls the Democrats’ “anti-crypto crusade” and positioning the US as the global crypto capital. As the country takes in the election result, attention is turning to Trump’s endorsement of a national Bitcoin reserve.
Calls for a Bitcoin Reserve Grow Louder
Bitcoin 2024 in Nashville saw Senator Cynthia Lummis introduce the Strategic Bitcoin Reserve bill, calling for the establishment of a national Bitcoin stockpile. At the conference, Trump publicly endorsed the bill, supporting Lummis’ vision for the US to secure a strategic reserve.
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With Trump preparing to take office next year, Lummis recently declared that a national Bitcoin reserve is happening, fueling optimism among Bitcoiners. However, many remain cautiously optimistic, waiting to see if Trump will follow his pro-crypto campaign promises.
Referencing game theory, Anthony Pompliano, founder of Professional Management Capital, predicted that if Trump establishes the reserve, it will trigger a “global FOMO unlike anything we have ever seen before.”
Game theory implies that if a major player like the US adopts Bitcoin, other nations may feel compelled to follow suit to avoid falling behind. The potential creation of a US Bitcoin reserve could trigger a domino effect, solidifying Bitcoin’s influence on the global stage.
The Market Doubts Trump’s Crypto Pledges
Lummis’ Strategic Bitcoin Reserve bill could be the spark that sets game theory into motion on a global scale. The bill proposes that a national Bitcoin reserve would help pay down the national debt while strengthening the US government’s balance sheet.
The reserve would be managed through a network of secure vaults under the Treasury’s control and include a structured buying program. The buying plan aims to acquire 1 million BTC over five years, funded by reallocating resources within the Fed and Treasury.
Trump’s election win brings a national BTC reserve one step closer, yet Polymarket currently gives only a 30% chance that he’ll establish it within his first 100 days. The low odds reflect market skepticism around whether Trump will turn his pro-Bitcoin campaign rhetoric into reality.
On the Flipside
- Kamala Harris supporters held protests over Trump‘s victory in Chicago.
- Governments typically acquire BTC/crypto by seizing assets in criminal investigations.
- Polymarket was accused of enabling the manipulation of election betting.
Why This Matters
A US Bitcoin reserve would catalyze a new era of monetary competition and innovation, and wider governmental adoption would bring more price stability.
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