🪙 Sats Per Share - 01/21/2025

🌟 Trump's Crypto U-Turn Sends Bitcoin Soaring Past $109K

In a dramatic shift from his previous stance, President-elect Trump's pro-crypto agenda has pushed Bitcoin above $109,000. His pledge to make the US a "crypto capital" includes plans for favorable regulations and the appointment of a dedicated crypto czar. These moves, along with promises of creating a US crypto stockpile, have energized the market ahead of his inauguration.

🏛️ The Great Bitcoin Reserve Debate Heats Up

Trump's administration is pushing forward with ambitious plans to establish a "Strategic Bitcoin Reserve," but not everyone's convinced. Critics argue that unlike oil or gold, Bitcoin lacks essential economic utility, making a government stockpile potentially beneficial only to crypto whales. Meanwhile, proposed policies include an executive order to prevent the sale of existing government-held Bitcoin, with possibilities for further acquisition.

🎲 Betting Markets Give Bitcoin Reserve Better Than Even Odds

The probability of a US national Bitcoin reserve is gaining traction among prediction markets. Polymarket now shows a 64% chance of establishment by 2025's end, up from under 50% previously. Supporters, including Senator Lummis, view it as a strategic move for US leadership in digital finance, while skeptics point to volatility and security challenges.

👔 New Faces in Crypto Policy

In a significant move toward crypto-friendly governance, David Sacks has been appointed as the White House crypto czar, signaling the administration's commitment to advancing digital asset initiatives.

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