Polymarket currently prices the possibility of Trump establishing a US national BTC reserve at 32%
According to the prediction market Polymarket data, the possibility of Trump establishing a US national BTC reserve is 32%, down 27% from November 7th.
Previously, Galaxy Digital CEO Michael Novogratz said in an interview with Bloomberg that he believes the likelihood of the United States establishing a Bitcoin strategic reserve is very low.
However, he predicted that if the United States really established such a stockpile, it would push up the price of the largest digital token to $500,000 because other countries would also feel it necessary to establish similar reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyst: The October retail sales report is stronger than it appears
US October retail sales exceed expectations, but economists remain cautious about the report