Even with David Sacks’ Promises, Polymarket Continues to Question U.S. Bitcoin Reserve

Polymarket is unconvinced about the creation of a national Bitcoin (BTC) reserve, even as Trump’s crypto czar, David Sacks, confirms that the idea is under consideration. Despite reassurances from Sacks that the administration is exploring the possibility, Polymarket is currently assigning only a 16% probability to the likelihood that a Bitcoin reserve will be established within Trump’s first 100 days in office.

Sacks recently addressed the initiative in an appearance on Fox News, stating, “President Trump has asked us to study that issue, so we are not ready to comment on it yet. But it’s one of the things our working groups are going to look at.” While this plan is still in the early stages, Senator Cynthia Lummis has introduced a separate bill that would establish a Bitcoin Purchase Program, allowing the U.S. government to buy up to 200,000 BTC annually for five years. The bill is currently under review by the Committee on Banking, Housing, and Urban Affairs.

Support for the idea has come from figures like Michael Saylor of MicroStrategy, who has expressed confidence that the move would help safeguard the U.S. dollar. Saylor stated, “The best way to protect the dollar is to retire the debt and become wealthy. The next best way to protect the dollar is to ensure that, if anyone considers an alternative to Treasury bills, you own it.”

Meanwhile, the state of Texas has begun working on its own strategic Bitcoin reserve, with Polymarket giving a 53% chance that a bill enabling such a reserve will be passed in 2025.

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