The Future of Bitcoin as a Reserve Asset: Speculation and Skepticism
Cryptocurrency community is growing anxious in anticipation of a possible statement by former US President Donald Trump regarding granting Bitcoin the status of a strategic reserve asset. This speculation arose after rumors that Trump, if he wins the presidential elections scheduled for November 5, may propose using Bitcoin as a reserve asset, similar to gold. In this scenario, federal officials could invest state funds in the cryptocurrency and hold it as a reserve.
Bitcoin supporters, also known as «hodlers,» hope that Trump’s promise to use taxes to purchase and hold BTC will attract their votes in the elections. This move is compared to recent promises by President Joe Biden to forgive student loans, which was also seen as a way to attract voters.
However, despite the optimism of some, experts remain skeptical. On the Polymarket prediction platform, the likelihood of Trump actually making Bitcoin a reserve asset by July 28 is estimated at only 28%. This means that bets on this event could bring a profit of 245%, while betting on a negative outcome would only increase capital by 37%.
Critics also emphasize that such a change in the US economic strategy is unlikely to happen in the near future, and they urge caution in assessing future political decisions related to cryptocurrencies.
