Trump's Bitcoin Reserve Plan Sparks 6% Chance of 100-Day Announcement

As President Donald Trump approaches his 100-day milestone back in office, speculation is mounting about whether he will take a groundbreaking step by officially adding Bitcoin to the United States’ financial reserves. According to prediction market Polymarket, there is a 6% chance that Trump will announce a Bitcoin reserve before the 100-day mark ends tomorrow.

This speculation follows recent comments from U.S. Secretary of Commerce Howard Lutnick, who discussed the administration’s evolving stance on digital assets. Lutnick highlighted a significant shift away from the previous administration’s restrictive approach to cryptocurrency, stating that under the Biden administration, it was treated as if engaging with it was wrong. He emphasized that this perspective has changed under the current administration.

Lutnick clarified that the Trump administration views Bitcoin not as a currency, but as a commodity, similar to gold or oil. He explained that Bitcoin, like gold, has a finite supply, and should be treated as such. This perspective opens the door for widespread use of Bitcoin, including buying, selling, and holding it as an asset, much like gold. Lutnick noted that no one stops someone from selling oil or gold, and Bitcoin should be treated the same way.

Lutnick also revealed that the Bureau of Economic Analysis is considering treating Bitcoin similarly to gold in economic statistics, such as trade balances and GDP. While he did not confirm any official plans, he indicated that this idea is under consideration. He emphasized the importance of making government data more transparent, suggesting that new classifications could emerge to help Americans understand how Bitcoin fits into national economic metrics.

Although Lutnick did not confirm whether the U.S. already holds Bitcoin in a strategic reserve, he mentioned that discussions are ongoing. He stated that when the administration is ready to provide answers, they will do so, but declined to provide details on holdings or key management. Lutnick reiterated that Bitcoin remains on the administration’s agenda and praised Trump’s commitment to supporting the crypto community. He stated that Trump promised to support Bitcoin, and he has delivered on that promise. After tackling trade and global peace efforts, Bitcoin will definitely be back on the agenda.

The possibility of Trump announcing a Bitcoin reserve before the 100-day milestone ends tomorrow has sparked significant interest. The anticipation is fueled by Trump's earlier actions, including signing an executive order on March 7 to create a Strategic Bitcoin Reserve using 200,000 seized Bitcoins. This move aligns with broader national discussions around integrating cryptocurrency into public finance. Arizona has taken a significant step in this direction by passing two bills that allow the state to invest up to 10% of its public funds in Bitcoin and other digital assets. These bills passed with substantial support in the Arizona House of Representatives but still require the signature of the Governor to become law. If approved, Arizona would become the first state to adopt such a policy, potentially influencing other jurisdictions to follow suit.

The strategic Bitcoin reserve would enable Arizona to diversify its financial portfolio and position itself as a leader in cryptocurrency adoption. This move could also encourage further institutional interest in Bitcoin, potentially impacting broader market dynamics. The momentum behind both state and federal initiatives indicates a growing recognition of digital assets within the public finance sector. New Hampshire is also advancing comparable legislation, having passed a bill in its House of Representatives that is awaiting a Senate floor vote.

Trump's strategic move to create a Bitcoin reserve would lay a strong foundation for a regulatory framework around strategic Bitcoin reserves and stablecoins. This development could have significant implications for the future of cryptocurrency in public finance, potentially reshaping the regulatory landscape and encouraging further adoption of digital assets. The anticipation surrounding Trump's potential announcement highlights the increasing importance of cryptocurrency in the broader financial ecosystem.