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
The U.S. Bureau of Labor Statistics was unable to fully collect October CPI data.
Bernstein Maintains "Outperform" Rating on Figure, Figure's Q3 Revenue Exceeds Expectations by 30%