David Sacks, Trump's crypto czar, confirmed on Fox News that the U.S. is studying the possibility of creating a national Bitcoin reserve. However, Polymarket bettors are doubtful that this will happen within the first 100 days of the Trump administration. Despite Sacks' assurances, the market remains unconvinced.
Trump's crypto czar David Sacks confirmed on Fox News that a national BTC reserve is being studied, but the market isn't buying itPolymarket bettors are skeptical that the U.S. will create a strategic BTC reserve in the first 100 days of the Trump administration.that the Donald Trump will order the creation of a strategic bitcoin reserve in the first 100 days of its administration, despite assurances from crypto czar David Sacks that there's an effort underway to explore the idea.
"President Trump has asked us to study that issue, so we are not ready to comment on it yet. But it's one of the things our working groups are going to look at," Sacks said in a recent appearance on Fox.
“The best way to protect the dollar is make sure you retire the debt and become rich," said the MicroStrategy executive chairman. "The next best way to protect the dollar is to make sure that if anybody ever considers a different capital asset other than the treasury bill, you own it."Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse.
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