Donald Trump To Establish A National Bitcoin Reserve? A 30% Chance, Polymarket Traders Speculate

Benzinga11-13

Persistent speculation about President-elect Donald Trump establishing a national Bitcoin BTC/USD reserve has increased on the possible appointment of a perceived pro-crypto Treasury Secretary. What ...

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A 30% Chance, Polymarket Traders Speculate","media":"Benzinga","content":"<div>\n<p>Persistent speculation about President-elect Donald Trump establishing a national Bitcoin BTC/USD reserve has increased on the possible appointment of a perceived pro-crypto Treasury Secretary.\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/41938972/donald-trump-to-establish-a-national-bitcoin-reserve-a-30-chance-polymarket-traders-speculate\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Donald Trump To Establish A National Bitcoin Reserve? 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A 30% Chance, Polymarket Traders Speculate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/41938972/donald-trump-to-establish-a-national-bitcoin-reserve-a-30-chance-polymarket-traders-speculate><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Persistent speculation about President-elect Donald Trump establishing a national Bitcoin BTC/USD reserve has increased on the possible appointment of a perceived pro-crypto Treasury Secretary.\nWhat ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/41938972/donald-trump-to-establish-a-national-bitcoin-reserve-a-30-chance-polymarket-traders-speculate\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4594","symbol_name":"比特币ETF概念","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/11/41938972/donald-trump-to-establish-a-national-bitcoin-reserve-a-30-chance-polymarket-traders-speculate","article_id":"2483883029","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/13/Elezioni-USA-Trump-potrebbe-far-decollar.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483883029","pubTimestamp":1731505599,"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Persistent speculation about President-elect Donald Trump establishing a national Bitcoin (CRYPTO: BTC) reserve has increased on the possible appointment of a ","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4594":"比特币ETF概念","NHLD":"National Holdings Corporation","BK4588":"碎股","BK4213":"石油与天然气的勘探与生产","SBR":"Sabine Royalty Trust UBI","BK4585":"ETF&股票定投概念"},"translate_title":"唐纳德·特朗普将建立国家比特币储备？Polymarket交易员推测有30%的机会","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NHLD":1,"SBR":1},"content_text":"Persistent speculation about President-elect Donald Trump establishing a national Bitcoin BTC/USD reserve has increased on the possible appointment of a perceived pro-crypto Treasury Secretary.\nWhat Happened: Polymarket odds show a roughly 30% probability of Trump “creating a national Bitcoin reserve.” \nBarbara Goodstein, Managing Partner at R360, commented on Monday on the speculation about Bitcoin being recognized as a strategic reserve asset, suggesting that U.S. reserves may rise from the current 232,000 BTC to over a million.\nBillionaire hedge fund manager and crypto advocate Scott Bessent has emerged as the frontrunner for Treasury Secretary with an 81% probability, according to Polymarket. \nIn an interview in July, Bessent stated, \"I think that everything is on the table with Bitcoin,\" when asked about his support for Trump's potential Bitcoin reserve plan. \nAlso Read: Bitcoin To ‘Augment’ Gold As The ‘Next Strategic Reserve Asset,’ Says Expert\nWhy It Matters: While industry leaders like Anthony Scaramucci and Barbara Goodstein support Bitcoin as a strategic asset, some, including Vitaliy Katsenelson, CEO of Investment Management Associates, warn it could harm the U.S. economy by undermining the dollar's global status. \nTrump's plan could legitimize Bitcoin as a reserve currency, potentially weakening confidence in the dollar.\nFollowing the speculation, Strategic Bitcoin Reserve (SBR), a community-driven meme coin, saw an 89% spike in the past day, per DEXScreener data. \nThis surge coincided with Senator Cynthia Lummis (R-Wyo.) reacting to a social media post including the meme coin’s ticker.\n\nSenator Lummis quote retweeted the SBR ticker on her personal account (she has a separate Senator account).A U.S. senator is shilling our bag.Are you not entertained? https://t.co/2ufujQucef pic.twitter.com/E0wnqu7LKw— Kaduna (@CryptoKaduna) November 13, 2024\n\nWhat’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.\nRead Next: \n\nAnthony Scaramucci Optimistic On US Strategic Bitcoin Reserve: ‘Trump’s Victory Accelerated The Cycle’\n\nImage: Shutterstock Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483883029"}