Despite strong assurances from David Sacks, the crypto czar appointed by Donald Trump, Polymarket remains doubtful about the establishment of a national Bitcoin (BTC) reserve. Current market predictions indicate only a 16% chance that Trump will direct the creation of a Bitcoin reserve within the first 100 days of his presidency, despite Sacks’ statements confirming that a study of the concept is in progress.

Sacks recently discussed the initiative on Fox News, saying, “President Trump has asked us to study that issue, so we are not ready to comment on it yet. But it’s one of the things our working groups are going to look at.” This comes amid a separate initiative by Senator Cynthia Lummis, a Bitcoin advocate from Wyoming, who has introduced a bill that calls for the establishment of a Bitcoin Purchase Program. The bill proposes the U.S. government purchase up to 200,000 BTC per year over five years, partly funded by revaluing the Federal Reserve’s gold reserves. The proposal is currently under review by the Committee on Banking, Housing, and Urban Affairs.

MicroStrategy’s Michael Saylor is among the supporters of the idea, arguing that such a reserve could help protect the value of the U.S. dollar. In a previous conference, Saylor stated, “The best way to protect the dollar is to retire the debt and become wealthy. The next best way to protect the dollar is to own the assets that others might turn to, like Bitcoin.”

In contrast, the state of Texas has already begun developing its own strategic Bitcoin reserve, and Polymarket bettors are giving it a 53% chance that a bill enabling such a reserve will pass in 2025.