PK Press Club – Anthony Pompliano, a renowned venture capitalist, podcaster and Bitcoiner, shared data that shows that the likelihood, or rather expectations, that the new US president will build a strategic reserve for the country in 2025, has experienced a drastic increase.
This tweet was posted as Bitcoin briefly climbed to the $106,000 mark. This was followed by a slight pullback, and the world’s largest cryptocurrency by market capitalization is now changing hands at $103,120 per coin. This represents a drop of 2.71% in a few hours today.
Bitcoin Reserve Probability Reaches 70%
Over the past 24 hours, Bitcoin price has increased by around 4%, moving very close to the $106,000 level and demonstrating a 16.90% increase over the past week from $90,660 at $105,932.
This happened following speculation about the new presidential administration in the United States and the newly elected political leader’s plans to give the green light to the creation of a strategic BTC reserve for the country and begin to build it this year.
According to a screenshot of Kalshi’s betting market, the probability of this happening has reached an all-time high of 70%.
Another key factor that pushed the price of Bitcoin to such a high level is the approach of Donald Trump’s inauguration day, which will be Monday, January 20 next week.
The US government could sell 70,000 BTC
As previously reported, the US Department of Justice (DOJ) recently obtained court approval to sell the 69,370 BTC confiscated from a Silk Road hacker in 2020.
The sale has not yet taken place, but it could result in the US government obtaining $7,152,699,078 in exchange for this crypto. Many crypto fans, however, are hoping that newly elected US President Donald Trump will prevent the potential sale and keep this huge amount of Bitcoin for the strategic reserve he plans to build.
