Bitcoin has surged to a brand new all-time excessive of $109,558 throughout early Asian buying and selling hours, aligning with President Donald Trump’s inauguration day. Market observers level to the heightened risk that Trump may set up a Strategic Bitcoin Reserve (SBR) via an govt order—considered one of probably 100 he may signal instantly upon taking workplace.
Is A Strategic Bitcoin Reserve Coming?
Talk of a US Bitcoin reserve below Trump has circulated for months, however speculation intensified when Polymarket, a crypto-based prediction platform, confirmed a sudden spike within the odds of such a reserve forming inside Trump’s first 100 days. The odds, which hit 59%, rapidly preceded Bitcoin’s pump to its recent peak.
In the previous, Trump campaigned on probably transferring all seized BTC by regulation enforcement right into a government-held reserve. Although there was no official affirmation, rumors {that a} formal order could possibly be signed “as early as Inauguration Day” ignited value momentum.
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Notably, a number of influential Bitcoin advocates met with the incoming administration over the previous weekend, fueling SBR hypothesis. Senator John Barrasso wrote by way of X (previously Twitter) on Sunday: “Senator Lummis and I had a great time talking with President Donald Trump this morning. Wyoming is ready for Inauguration Day tomorrow!”
Senator Cynthia Lummis, recognized for her pro-Bitcoin stance, bolstered the chatter round a government-led BTC initiative. In a Jan. 17 publish on X, she said: “Working hard to get the Strategic Bitcoin Reserve and comprehensive digital asset legislation across the finish line. Thanks for stopping by @jespow, @arjunsethi, @DavidLRipley !”
Lummis’ personal legislative proposal, dubbed the “Bitcoin Bill,” famously proposes to buy 1 million Bitcoin.
MicroStrategy Chairman Michael Saylor additionally attended conferences with the Trump administration’s cupboard. He shared a photograph on X of himself alongside Robert F. Kennedy Jr. and Jared Kushner, captioned: “The Future is ₿right”
Meanwhile, Eric Trump posted an image with Saylor and “Crypto Czar” David Sacks, commenting: “To the moon! 🚀🚀 #Bitcoin @WorldLibertyFi @saylor @DavidSacks”
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Further underscoring the White House’s obvious openness to Bitcoin, Fred Thiel, Chairman and CEO of MARA Holdings (NASDAQ:MARA)—considered one of America’s largest Bitcoin mining corporations—was reportedly seated with the incoming US Secretary of Defense on the Vice President’s reception on Saturday night time.
MacroScope (@MacroScope17), a outstanding market analyst, noted on X: “Keep in mind that the reports and photos we’re seeing of Trump and his incoming cabinet engaging with BTC advocates (Scott Bessent at the crypto ball etc) are just the tip of what’s happening. Expecting lots of headlines to hit in coming days, weeks and months. Unique situation in the history of financial markets.”
David Bailey, CEO of BTC Inc, who performed a notable function in encouraging then-candidate Trump’s pro-Bitcoin platform, referred to Trump’s latest foray into a private memecoin TRUMP as “not my cup of tea,” however emphasized gratitude for Trump’s pro-Bitcoin stance by way of X right now.
“I will continue to do whatever I can to support the President and his family’s embrace of Bitcoin and provide honest counsel when called upon. America will be a Bitcoin and Crypto Superpower and the winning has only just begun.” When a consumer requested Bailey if sure main crypto-friendly actions—resembling liberating Ross Ulbricht, confirming a stockpile by govt order, and co-sponsoring Sen. Lummis’ SBR invoice—would make up for the TRUMP memecoin controversy, Bailey responded: “all those things will happen and more”
Charles Edwards, CEO of Capriole Investments, observed that Bitcoin’s fast transfer decrease adopted by a swift rebound to new highs may point out additional features. “Trust the second move,” Edwards remarked, emphasizing that “when markets move aggressively in one direction, and reverse it all shortly after, the second move has a higher probability of being the real move that sets the new trend.”
He added that after “a good old fashioned short squeeze,” buyers realized the “overwhelming positivity” of the rumored developments—starting from “higher odds of a BSR” to “the onboarding of the MAGA army into crypto.” Still, Edwards acknowledged that “anything can happen” in such a risky market atmosphere.
At press time, BTC traded at $108,182.
Featured picture from YouTube, chart from TradingView.com
