Will Trump announce strategic Bitcoin reserve?
🤺JustPunched
1 year ago
I'm pretty neutral on this one. I think what Lummis proposed is definitely a strategic reserve -- you buy bitcoin and hold it. What Trump proposed -- that they not sell seized Bitcoin and stockpile it -- is definitely not what Lummis is proposing. And what Trump proposed is not how the US currently operates our petroleum strategic reserve (whereas Lummis is proposing something extremely similar to the petroleum strategic reserve). However, given all of that, Polymarket has been throwing out their rules and siding with the "vibes" of a market regardless of whether it is correct or not. And the vibes here is that Trump announced something similar to a reserve, so it's probably unlikely that a dispute would win. It's really unfortunate that Polymarket is going down the path of throwing out the truth in favor of vibes, but that is their decision.
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