As President Donald Trump’s 100th day in office approaches on April 29, crypto watchers are on high alert. Expectations are growing that a U.S. Bitcoin reserve announcement could be imminent.
Administration’s Commitment to Bitcoin Comes Into Focus
According to Bitcoin Magazine, U.S. Secretary of Commerce Howard Lutnick confirmed the creation of a Bitcoin Strategic Reserve. He said the reserve was set up to demonstrate the administration’s support for the Bitcoin community.
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During the conference, Lutnick failed to disclose the amount of Bitcoin the government possesses. Lutnick guaranteed that complete information would be published at the appropriate time.
Trump is currently focused on diplomatic efforts around the world. According to Lutnick, this initiative complements American trade reorganization efforts.
Trump’s current diplomatic initiatives take up most of his attention. According to Lutnick, Bitcoin might regain national attention following the completion of present diplomatic goals.
He also highlighted a significant change in how the U.S. views Bitcoin compared to previous administrations. According to Lutnick, America establishes new practices that it maintains indefinitely after their adoption.
Bitcoin Could Be Tracked in Future Economic Reports
Lutnick also discussed the possibility of including Bitcoin in official U.S. economic indicators. He mentioned that tracking Bitcoin, like gold in GDP and trade data, is being considered.
He described the idea as both valuable and worth further discussion. It could mark a turning point in how Bitcoin is recognized in financial policymaking.
Bitcoin is currently trading at around $94,329, reflecting heightened market anticipation. Prediction platform Polymarket places the chance of a reserve announcement at just 6 percent.
Despite the low odds, the crypto sector remains highly alert as the deadline approaches. Any confirmation from the Trump administration could send shockwaves through the digital asset market.
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