The prospect of the United States incorporating Bitcoin into its financial reserves remains highly debated.

Many experts consider the chances slim, especially in the near term, as uncertainty dominates discussions within the crypto community.

Bitcoin Reserve Odds Drop as US Policy Analysts Predict Pushback

Prediction platforms and analysts present contrasting views on the likelihood of Bitcoin entering the US reserve strategy. On Polymarket, users assign only a 29% probability that President-elect Donald Trump will introduce a Bitcoin reserve within his first 100 days in office. This marks a steep drop from post-election optimism, where odds reached 60%.

This decline reflects broader skepticism about Bitcoin’s place in US financial policy. Proponents view Bitcoin as a natural complement to existing reserves, such as gold and oil. Critics, however, argue that political resistance and current economic conditions make this move unlikely.

Ki Young Ju, CEO of CryptoQuant, doubts the feasibility of the US adopting Bitcoin as a reserve asset under Trump’s administration. He suggests that such a shift would only occur if the nation’s global economic dominance faced a significant threat.

Ju drew parallels between today’s Bitcoin advocates and past campaigns for a return to the gold standard. In both cases, these efforts positioned alternative assets as solutions to economic uncertainties.

However, historical trends suggest resistance to single-asset reliance. For example, calls to reinstate the gold standard in the late 1990s were dismissed, with the US opting to innovate its way out of economic challenges. Ju predicts Go to Source to See Full Article
Author: Oluwapelumi Adejumo