NAIROBI (CoinChapter.com)— The Trump administration is still assessing the feasibility of establishing a Bitcoin (BTC) reserve, according to David Sacks, the White House’s crypto policy lead.
Trump Administration Weighs Bitcoin Reserve
Sacks confirmed on FOX Business that President Donald Trump has directed officials to explore the potential of a Bitcoin reserve. However, he declined to provide a specific timeline, stating, “President Trump has asked us to study that issue, it’s one of the things we’re still looking at.”
David Sacks confirms U.S. exploring Bitcoin reserve. Source: SwanThe initiative follows the Bitcoin Policy Institute’s draft executive order, which proposes integrating BTC into the U.S. financial system through the Treasury’s Exchange Stabilization Fund. The plan aims to position the United States competitively in the global digital economy.
In January, Trump signed an executive order on crypto to enhance regulatory clarity, define digital assets, and strengthen the U.S. dollar’s dominance via stablecoin adoption. While the proposed Bitcoin reserve aligns with broader crypto-friendly policies, the administration has yet to confirm its implementation.
Market Skepticism Grows Over Bitcoin Reserve Plans
Despite ongoing discussions, traders appear skeptical about an imminent Bitcoin reserve. Prediction market platform Polymarket currently assigns a 16% probability that Trump will approve the initiative within his first 100 days in office, a drop from 40% in mid-January. The decline reflects waning confidence in an early executive action.
Polymarket odds: 16% chance Trump creates Bitcoin reserve. Source: PolymarketFor context, the working group advising Trump on crypto policy has a 180-day window to provide recommendations. If the administration moves forward, it would mark a major shift in federal crypto strategy.
U.S. States Push for Bitcoin Reserves
While federal uncertainty lingers, some states are moving ahead with their own Bitcoin reserve strategies.
On Jan. 27, Arizona’s Senate Financial Committee approved a bill allowing the state to invest up to 10% of its public funds in BTC. Meanwhile, Oklahoma’s legislature is considering a similar initiative, requiring BTC to maintain a minimum market capitalization of $500 billion before the treasury allocates funds.
Sen. Cynthia Lummis introduces BITCOIN Act of 2024. Source: CongressWyoming has taken a more aggressive approach, with Senator Cynthia Lummis leading a bill that would enable the state to purchase up to 200,000 BTC annually for five years. The proposal suggests revaluing the Federal Reserve’s gold reserves to fund the purchases.
Industry Leaders Support BTC Integration
Prominent Bitcoin advocates, including MicroStrategy’s Michael Saylor, support such measures. At a November conference, Saylor stated, “The best way to protect the dollar is to retire the debt and become rich. The next best way is to own any alternative capital asset.”
Polymarket odds: 53% chance for Texas Bitcoin Act. Source: PolymarketSeparately, Texas has signaled its own push for a Bitcoin reserve. Polymarket currently assigns a 53% probability that a bill approving such a measure will pass in 2025.
While state-level initiatives gain traction, the White House remains noncommittal. The outcome of the Trump administration’s review could shape the future role of Bitcoin in U.S. financial policy.
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