#Trump May Build Bitcoin Reserves#
Hot Topic Overview
Overview
Recently, the probability of "Trump will create a national Bitcoin reserve this year" on the prediction market Kalshi has risen significantly, from 40% on January 10, when the crypto market bottomed out, to 68.8% today. This trend may be related to Donald Trump Jr., the eldest son of Donald Trump, announcing on October 13 that he would serve as a strategic advisor for Kalshi. Furthermore, there are reports that the possibility of Trump establishing a US national Bitcoin reserve by 2025 is as high as 70%. Although there is no concrete evidence to suggest that Trump will take such action, the trend on the prediction market indicates that people are increasingly expecting that Trump may incorporate Bitcoin into the US economic system.
Ace Hot Topic Analysis
Analysis
The likelihood of Donald Trump establishing a national Bitcoin reserve in the United States is rising, with the probability of this event happening on the prediction market Kalshi climbing from 40% on January 10th to 68.8% currently. Kalshi's strategic advisor is Donald Trump Jr., who announced his joining of the platform on October 13th. Recent news from Kalshi indicates that the probability of Trump creating a national Bitcoin reserve by 2025 is 70%. This news suggests that market expectations of Trump potentially taking this action are strengthening. While there is currently no concrete evidence indicating that Trump is considering a national Bitcoin reserve, the probability changes on prediction markets and Kalshi's forecast both point towards an increasing likelihood of this occurring.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump
may
establish
a
national
Bitcoin
reserve
in
2025
with
a
70%
probability
The
probability
of
Trump
establishing
a
national
Bitcoin
reserve
has
risen
sharply
recently
from
40%
on
January
10th
to
the
current
68.8%
Trump's
eldest
son
Donald
Trump
Jr.
serves
as
a
strategic
advisor
to
prediction
market
Kalshi
and
may
have
influenced
the
market's
expectations
regarding
Trump's
establishment
of
a
Bitcoin
reserve
The
crypto
market
bottom
may
have
prompted
Trump
to
consider
establishing
a
national
Bitcoin
reserve