Trump Administration Weighs Bitcoin (BTC) Reserve

The Trump administration is still assessing the feasibility of establishing a Bitcoin (BTC) reserve, according to David Sacks, the White House's crypto policy lead.

The Trump administration is still considering the possibility of setting up a Bitcoin (BTC) reserve, according to David Sacks, the White House’s crypto policy lead.

Speaking on FOX Business, Sacks confirmed that President Donald Trump has asked officials to look into the potential of a Bitcoin reserve. However, he declined to give a specific timeframe, saying, “President Trump has asked us to study that issue, it’s one of the things we’re still looking at.”

The initiative follows a draft executive order proposed by the Bitcoin Policy Institute, which would see BTC integrated into the U.S. financial system via the Treasury’s Exchange Stabilization Fund. The plan aims to make the United States more competitive in the global digital economy.

Earlier this year, Trump signed an executive order on crypto to enhance regulatory clarity, define digital assets, and bolster the U.S. dollar’s dominance through stablecoin adoption. While the proposed Bitcoin reserve fits into the broader crypto-friendly narrative, the administration has not yet confirmed its implementation.

Meanwhile, traders seem to be skeptical about an imminent Bitcoin reserve. Prediction market platform Polymarket currently gives a 16% chance that Trump will approve the initiative within his first 100 days in office — down from 40% in mid-January. The decline reflects waning confidence in an early executive action.

For context, the working group tasked with advising Trump on crypto policy has a 180-day window to submit recommendations. If the administration does follow through, it would mark a significant shift in federal crypto strategy.

While federal uncertainty persists, some U.S. states are pressing ahead with their own Bitcoin reserve plans.

On Jan. 27, the Arizona Senate Financial Committee advanced a bill that would allow the state to place up to 10% of its general fund into BTC. Meanwhile, the Oklahoma legislature is considering a similar initiative, stipulating that BTC must maintain a minimum market cap of $500 billion before the treasury can allocate any funds.

Wyoming has taken a more aggressive approach, with Senator Cynthia Lummis spearheading a bill that would see the state purchase up to 200,000 BTC per year for five years. The proposal suggests revaluing the Federal Reserve’s gold reserves to fund the purchases.

Several prominent Bitcoin proponents, such as MicroStrategy’s Michael Saylor, have expressed support for these measures. Speaking at a conference in November, Saylor said, “The best way to protect the dollar is to retire the debt and get rich. The next best way is to own any alternative capital asset.”

In related news, Texas has also signaled its own push for a Bitcoin reserve. Polymarket currently assigns a 53% probability that a bill approving the measure will pass in 2025.

As state-level initiatives continue to gain steam, the White House has remained noncommittal. The outcome of the Trump administration’s review will determine the future role of Bitcoin in U.S. financial policy.