Bitcoin Soars Towards $110,000 As Reserve Rumors Heat Up
Bitcoin surged to a record high of $109,558 in early Asian trading hours, coinciding with President Donald Trump’s Inauguration Day. Market observers have pointed out that Trump may establish the Strategic Bitcoin Reserve (SBR) through an executive order – one of 100 executive orders he may sign immediately after taking office.
Is Bitcoin Strategic Reserve Coming?
Discussions about a U.S. Bitcoin reserve under Trump have been circulating for months, but guess This situation was exacerbated when crypto-based forecasting platform Polymarket showed a sudden spike in the likelihood of such reserves forming within Trump’s first 100 days in office. The probability reached 59%, and soon Bitcoin reached a new peak.
In the past, potential targets for Trump’s campaign have been transfer all seized BTC was transferred by law enforcement into government-held reserves. Although there has been no official confirmation, rumors that a formal order could be signed “as early as Inauguration Day” have sparked price momentum.
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Notably, several influential Bitcoin advocates met with the incoming administration over the weekend, fueling SBR speculation. “Senator Lummis and I had a great time speaking with President Donald Trump this morning,” Sen. John Barrasso wrote via Get ready for tomorrow’s inauguration!”
Senator Cynthia LoomisKnown for her pro-Bitcoin stance, she has intensified discussions surrounding government-led Bitcoin plans. In a Jan. 17
Lummis’ own legislative proposals are known as the “Bitcoin Bill,” which famously proposes the purchase of 1 million Bitcoins.
MicroStrategy Chairman Michael Saylor also attended a meeting with the Trump administration’s cabinet. He shared a photo of himself with Robert F. Kennedy Jr. and Jared Kushner on X with the caption: “The future is right.”
Meanwhile, Eric Trump posted a photo with Thaler and the “Crypto Czar” david sachscommented: “Go to the moon! 🚀🚀 #Bitcoin @WorldLibertyFi @saylor @DavidSacks”
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Fred Thiel, chairman and CEO of MARA Holdings (NASDAQ: MARA), one of the largest U.S. Bitcoin mining companies, reportedly sat with the incoming U.S. Secretary of Defense at the Vice President’s reception on Saturday Together, the White House’s apparent openness to Bitcoin was further highlighted at night.
MacroScope (@MacroScope17), a well-known market analyst, famous About There will be many headlines in the days, weeks and months that are unique in the history of financial markets.”
BTC CEO David Bailey, who played a prominent role in encouraging then-candidate Trump to support the Bitcoin platform, cited Trump’s recent foray into a personal Bitcoin platform. Meme Coin Trump Because “it’s not what I like”, but emphasize Thanks to Trump for expressing his pro-Bitcoin stance via X today.
“I will continue to do everything I can to support the President and his family’s acceptance of Bitcoin and provide honest advice when needed. The United States will become a Bitcoin and cryptocurrency superpower, and the victory has only just begun.” When a user asked Bay Bailey asked whether certain major crypto-friendly actions, such as releasing Ross Ulbricht, confirming stocks via executive order, and co-sponsoring Senator Lummis’ SBR bill, would make up for the Trump memecoin controversy. Answer: All these things happen and more”
Charles Edwards, CEO of Caprio Investments observed Bitcoin’s rapid move lower followed by a swift rebound to new highs could signal further gains. “Believe in the second move,” Edwards said, emphasizing that “when the market moves significantly in one direction and then all reverses shortly after, the second move is more likely to be the real move that sets the new trend.”
He added that following “a good old-fashioned short squeeze,” investors realized the “overwhelming positivity” of the rumored developments — from “a higher likelihood of BSR” to “the MAGA army joining the crypto space.” Still, Edwards acknowledged that “anything can happen” in such a volatile market environment.
At press time, BTC was trading at $108,182.
Featured image from YouTube, chart from TradingView.com
