Known venture capitalist, podcast host, and Bitcoin advocate Anthony Pompliano recently posted information indicating a significant surge in anticipation that the future U.S. president might establish a strategic Bitcoins reserve for the nation by 2025.
Today, Bitcoin momentarily reached a price of $106,000 before briefly retreating. It’s currently being traded for around $103,120, representing a drop of approximately 2.71% in just a few hours.
Bitcoin Reserve probability spikes to 70%
In the last day, the value of Bitcoin has climbed approximately 4%, nearly reaching the $106,000 mark. This surge represents a 16.90% rise over the past week, taking its price from $90,660 to $105,932.
Events unfolded as anticipation swirled around the upcoming U.S. presidential administration and the incoming political figure’s proposal to establish a strategic Bitcoin reserve for the nation, with plans to initiate construction on this project this year.
Based on a snapshot from the Kalshi betting market, the likelihood of this event occurring has soared to an all-time high of 70%.
The odds of a strategic bitcoin reserve just hit an all-time high of 70%.
— Anthony Pompliano 🌪 (@APompliano) January 18, 2025
One significant reason contributing to the skyrocketing Bitcoin price is the imminent arrival of Donald Trump’s inauguration day, scheduled for next Monday, January 23rd.
U.S. government could sell 70,000 BTC
It’s been announced that the court has given the green light for the U.S. Department of Justice (DOJ) to auction off approximately 69,370 Bitcoin, which they seized from a Silk Road hacker back in 2020.
The transaction has not been completed as of now, but it may lead to the U.S. government receiving approximately $7.15 billion in return for this cryptocurrency. Cryptocurrency enthusiasts, nonetheless, anticipate that President-elect Donald Trump might intervene and halt the sale, thus retaining a significant amount of Bitcoin for the proposed strategic reserve he intends to establish.
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2025-01-18 15:16