US Bitcoin reserve odds skyrocket on betting markets
Betting markets Kalshi and Polymarket indicate a high probability of US President-elect Donald Trump establishing a strategic Bitcoin (BTC) reserve, with a nearly 70% chance by 2026 and a 42% chance within his first 100 days. Odds have increased by about 20% since early January. Prediction markets have gained prominence, accurately forecasting election outcomes. Trump previously pledged to create a national Bitcoin reserve and has shown openness to including other cryptocurrencies. Senator Cynthia Lummis proposed the BITCOIN Act, mandating the Treasury to acquire 1 million BTC over five years. An executive order designating crypto as a national priority is anticipated soon after Trump takes office. Establishing a BTC reserve could significantly boost Bitcoin adoption, potentially surpassing the impact of upcoming ETF launches, according to CoinShares.
