On July 27, at a Bitcoin conference in Nashville, former US President Donald Trump made headlines with his zeal for cryptocurrencies. Like a captain of a spaceship, he confidently declared that Bitcoin's value would inevitably skyrocket to the Moon. Besides, he advised everyone to hold tightly to their digital assets and never get rid of them.
Trump anticipates a stunning rally of Bitcoin and dreams of transforming the US into a global cryptocurrency hub. He is convinced that Bitcoin mining within the country could become a kind of national sport.
If the Republican wins the presidential election on November 5, he pledges to establish a cryptocurrency advisory council. This team would assist the president in shaping policies regarding digital assets. Additionally, he plans to create a "strategic national reserve of Bitcoins," hinting that government funds could be used to bolster BTC reserves. To sum up, Donald Trump has numerous plans for the crypto industry.
Following Trump's announcement about the strategic Bitcoin reserve, clients of the betting platform Polymarket who had wagered on Bitcoin being added to the list of US reserve assets found themselves in profit.
Oddly enough, Trump's confident statements about Bitcoin becoming a reserve asset assured market players that such an outcome would be inevitable. As a result, many who had bet on this development have gained profits of 245% or more.
