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International Business Times

Business

Marvie Basilan

Polymarket Odds Surge To 75% On Trump's Bitcoin Reserve, $BTC Unmoved As Critics Call It 'Entirely Political'

Bitcoin Polymarket Donald Trump United States Bo Hines Crypto

Polymarket bettors believe there is a 75% chance a U.S. strategic Bitcoin reserve will officially roll out this year. (Credit: Traxer/Unsplash)

KEY POINTS

Odds were down as low as 41% early this month but surged to 75% late on Tuesday
Bo Hines said the White House is still in search of "budget-neutral" methods for stacking more Bitcoin
An expert said the $BTC drawdown ever after Trump announced an SBR is due to the project being "entirely political"

Cryptocurrency bettors on decentralized market prediction platform Polymarket are positive that while President Donald Trump may not be able to officially establish a national strategic Bitcoin reserve (SBR) within the first 100 days of his second presidency, he may still have a good chance of getting it done sometime this year.

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