Bitcoin has surged to a brand new all-time excessive of $109,558 throughout early Asian buying and selling hours, aligning with President Donald Trump’s inauguration day. Market observers level to the heightened risk that Trump would possibly set up a Strategic Bitcoin Reserve (SBR) by means of an govt order—one among probably 100 he might signal instantly upon taking workplace.
Is A Strategic Bitcoin Reserve Coming?
Speak of a US Bitcoin reserve beneath Trump has circulated for months, however speculation intensified when Polymarket, a crypto-based prediction platform, confirmed a sudden spike within the odds of such a reserve forming inside Trump’s first 100 days. The percentages, which hit 59%, rapidly preceded Bitcoin’s pump to its contemporary peak.
Up to now, Trump campaigned on probably transferring all seized BTC by regulation enforcement right into a government-held reserve. Though there was no official affirmation, rumors {that a} formal order may very well be signed “as early as Inauguration Day” ignited value momentum.
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Notably, a number of influential Bitcoin advocates met with the incoming administration over the previous weekend, fueling SBR hypothesis. Senator John Barrasso wrote through X (previously Twitter) on Sunday: “Senator Lummis and I had a good time speaking with President Donald Trump this morning. Wyoming is prepared for Inauguration Day tomorrow!”
Senator Cynthia Lummis, identified for her pro-Bitcoin stance, strengthened the chatter round a government-led BTC initiative. In a Jan. 17 put up on X, she acknowledged: “Working exhausting to get the Strategic Bitcoin Reserve and complete digital asset laws throughout the end line. Thanks for stopping by @jespow, @arjunsethi, @DavidLRipley !”
Lummis’ personal legislative proposal, dubbed the “Bitcoin Invoice,” famously proposes to buy 1 million Bitcoin.
MicroStrategy Chairman Michael Saylor additionally attended conferences with the Trump administration’s cupboard. He shared a photograph on X of himself alongside Robert F. Kennedy Jr. and Jared Kushner, captioned: “The Future is ₿proper”
In the meantime, Eric Trump posted an image with Saylor and “Crypto Czar” David Sacks, commenting: “To the moon! 
#Bitcoin @WorldLibertyFi @saylor @DavidSacks”
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Additional underscoring the White Home’s obvious openness to Bitcoin, Fred Thiel, Chairman and CEO of MARA Holdings (NASDAQ:MARA)—one among America’s largest Bitcoin mining corporations—was reportedly seated with the incoming US Secretary of Protection on the Vice President’s reception on Saturday evening.
MacroScope (@MacroScope17), a distinguished market analyst, noted on X: “Needless to say the experiences and pictures we’re seeing of Trump and his incoming cupboard participating with BTC advocates (Scott Bessent on the crypto ball and so forth) are simply the tip of what’s taking place. Anticipating numerous headlines to hit in coming days, weeks and months. Distinctive state of affairs within the historical past of monetary markets.”
David Bailey, CEO of BTC Inc, who performed a notable function in encouraging then-candidate Trump’s pro-Bitcoin platform, referred to Trump’s current foray into a private memecoin TRUMP as “not my cup of tea,” however emphasized gratitude for Trump’s pro-Bitcoin stance through X as we speak.
“I’ll proceed to do no matter I can to assist the President and his household’s embrace of Bitcoin and supply trustworthy counsel when known as upon. America might be a Bitcoin and Crypto Superpower and the profitable has solely simply begun.” When a consumer requested Bailey if sure main crypto-friendly actions—corresponding to liberating Ross Ulbricht, confirming a stockpile by govt order, and co-sponsoring Sen. Lummis’ SBR invoice—would make up for the TRUMP memecoin controversy, Bailey responded: “all these issues will occur and extra”
Charles Edwards, CEO of Capriole Investments, observed that Bitcoin’s speedy transfer decrease adopted by a swift rebound to new highs might point out additional positive factors. “Belief the second transfer,” Edwards remarked, emphasizing that “when markets transfer aggressively in a single course, and reverse all of it shortly after, the second transfer has a better likelihood of being the actual transfer that units the brand new pattern.”
He added that after “a very good quaint brief squeeze,” traders realized the “overwhelming positivity” of the rumored developments—starting from “greater odds of a BSR” to “the onboarding of the MAGA military into crypto.” Nonetheless, Edwards acknowledged that “something can occur” in such a risky market setting.
At press time, BTC traded at $108,182.
Featured picture from YouTube, chart from TradingView.com