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) by way of an govt order—certainly one of probably 100 he might signal instantly upon taking workplace.
Is A Strategic Bitcoin Reserve Coming?
Speak of a US Bitcoin reserve beneath 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 chances, which hit 59%, shortly preceded Bitcoin’s pump to its contemporary peak.
Prior to now, Trump campaigned on probably transferring all seized BTC by regulation enforcement right into a government-held reserve. Though there was no official affirmation, rumors {that a} formal order might be signed “as early as Inauguration Day” ignited value momentum.
Associated Studying
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 good time speaking with President Donald Trump this morning. Wyoming is prepared 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 submit on X, she said: “Working arduous to get the Strategic Bitcoin Reserve and complete digital asset laws throughout the end line. Thanks for stopping by @jespow, @arjunsethi, @DavidLRipley !”
Lummis’ personal legislative proposal, dubbed the “Bitcoin Invoice,” 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 ₿proper”
In the meantime, Eric Trump posted an image with Saylor and “Crypto Czar” David Sacks, commenting: “To the moon! 🚀🚀 #Bitcoin @WorldLibertyFi @saylor @DavidSacks”
Associated Studying
Additional underscoring the White Home’s obvious openness to Bitcoin, Fred Thiel, Chairman and CEO of MARA Holdings (NASDAQ:MARA)—certainly one of America’s largest Bitcoin mining firms—was reportedly seated with the incoming US Secretary of Protection on the Vice President’s reception on Saturday night time.
MacroScope (@MacroScope17), a outstanding market analyst, noted on X: “Remember that the reviews and photographs we’re seeing of Trump and his incoming cupboard partaking with BTC advocates (Scott Bessent on the crypto ball and so forth) are simply the tip of what’s occurring. Anticipating a number of headlines to hit in coming days, weeks and months. Distinctive scenario within the historical past of monetary markets.”
David Bailey, CEO of BTC Inc, who performed a notable position in encouraging then-candidate Trump’s pro-Bitcoin platform, referred to Trump’s current 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 as we speak.
“I’ll proceed to do no matter I can to help the President and his household’s embrace of Bitcoin and supply sincere counsel when known as upon. America will probably be a Bitcoin and Crypto Superpower and the successful has solely simply begun.” When a person requested Bailey if sure main crypto-friendly actions—reminiscent of releasing 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 these issues will occur and extra”
Charles Edwards, CEO of Capriole Investments, observed that Bitcoin’s fast transfer decrease adopted by a swift rebound to new highs might point out additional beneficial properties. “Belief the second transfer,” Edwards remarked, emphasizing that “when markets transfer aggressively in a single route, and reverse all of it shortly after, the second transfer has a better chance of being the actual transfer that units the brand new pattern.”
He added that after “a great quaint quick squeeze,” buyers realized the “overwhelming positivity” of the rumored developments—starting from “increased odds of a BSR” to “the onboarding of the MAGA military into crypto.” Nonetheless, Edwards acknowledged that “something can occur” in such a unstable market setting.
At press time, BTC traded at $108,182.
Featured picture from YouTube, chart from TradingView.com