Donald Trump

United

Bitcoin

President Donald Trump

Polymarket bettors do not seem confident that Trump will announce a U.S. Bitcoin strategic reserve.&nbsp; 
With <a href="https://crypto.news/trump-is-in-talks-to-speak-at-bitcoin-2024-in-july-report/" target="_blank" rel="noreferrer noopener">Bitcoin 2024</a> starting this week, all eyes are on Former President Donald Trump to see what comments he makes about Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" data-type="link" data-id="https://crypto.news/price/bitcoin/" rel="noreferrer noopener">BTC</a>) and the crypto industry in general.&nbsp; 
Among the speculation, Polymarket bettors are betting on whether Trump will announce plans for a U.S. Bitcoin strategic reserve at the conference.&nbsp; 
The specific <a href="https://polymarket.com/event/trump-to-announce-strategic-bitcoin-reserve-in-july?tid=1721661899591" target="_blank" rel="">bet</a> will turn affirmative if Donald Trump announces the “creation of a U.S. strategic reserve of Bitcoin upon becoming president” by the end of July 28. The primary source for this bet will be official recordings or transcripts of any such speech at the conference. 
If Trump does not mention a reserve plan at the conference, the bet will not be successful. Currently, there is only a 22% chance that Trump will announce a reserve by July 28. 
When the bet was first created, bettors believed there was a 76% chance that Trump would make such an announcement. 
 You might also like: <a href="https://crypto.news/is-trumps-crypto-love-genuine-or-just-a-voter-grab-dc-insider-weighs-in/"> Is Trump’s crypto love genuine or just a voter grab? DC insider weighs in </a> 
<h2 class="wp-block-heading" id="trump-creating-a-bitcoin-strategic-reserve">Trump creating a Bitcoin strategic reserve</h2> 
Rumors started circulating on social media last week suggesting that Trump might announce Bitcoin as a strategic <a href="https://crypto.news/binance-overtakes-coinbase-becomes-largest-bitcoin-reserve-holder/" target="_blank" rel="noreferrer noopener">reserve</a> asset for the United States during the talk.&nbsp; 
These speculations started with <a href="https://x.com/Dennis_Porter_/status/1813949707368149329?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1813949707368149329%7Ctwgr%5Ef968d311d08f866d4cad304a551fdb2a3ceb7879%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcrypto.news%2Fwill-trump-create-a-us-bitcoin-strategic-reserve%2F" target="_blank" rel="">Dennis Porter</a>, co-founder of the Satoshi Act, who claims credible sources confirm Trump’s intentions. Porter’s tweet started a firestorm of speculation that lasted over the weekend but has since lost traction since Biden announced <a href="https://crypto.news/joe-biden-quits-campaign-what-it-means-for-crypto/" target="_blank" rel="noreferrer noopener">stepping down </a>from the U.S. presidential race. 
If the United States were to adopt Bitcoin as a <a href="https://crypto.news/will-trump-create-a-us-bitcoin-strategic-reserve/" target="_blank" rel="noreferrer noopener">strategic reserve asset</a>, it could leverage its position as the largest nation-state holder of Bitcoin and echo Trump’s sentiment that all remaining <a href="https://crypto.news/republican-national-committee-pledges-to-defend-the-right-to-mine-bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin should be mined</a> in the United States.&nbsp; 
A Bitcoin strategic reserve asset would involve the U.S. Treasury holding significant amounts of Bitcoin as part of its reserve portfolio, similar to how they already do with gold or foreign currencies. 
 You might also like: <a href="https://crypto.news/messaris-pro-trump-ceo-ryan-selkis-steps-down-after-controversial-tweets-heres-what-happened/"> Messari’s pro-Trump CEO Ryan Selkis steps down after controversial tweets — here’s what happened </a>

Polymarket: Trump announcing a strategic Bitcoin reserve unlikely

Mục lục

crypto.news

Các bài viết khác được xuất bản trên 22 thg 7, 2024

Banana Gun Gains Momentum After Binance Listing

Memecoin Rollercoaster: $BODEN Drops, $STRUMP Climbs – How to Spot the Next Big Hit?

BlockDAG’s New CGI Video: A Potential Investment Milestone Beyond TRON and SEI?

Raydium Integrates MoonPay for Instant Solana Access

Ether’s ‘most obvious bullish setup’ is set for H2 2024, says former Wall Street trader

MAGA, $GFOX and Trump tokens rally after assassination attempt

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!