Bitcoin Soars Towards $110,000 As Reserve Rumors Heat Up
Bitcoin has surged to a new all-time high of $109,558 during early Asian trading hours, aligning with President Donald Trump’s inauguration day. Market observers point to the heightened possibility that Trump might establish a Strategic Bitcoin Reserve (SBR) through an executive order—one of possibly 100 he could sign immediately upon taking office.
Is A Strategic Bitcoin Reserve Coming?
Talk of a US Bitcoin reserve under Trump has circulated for months, but speculation intensified when Polymarket, a crypto-based prediction platform, showed a sudden spike in the odds of such a reserve forming within Trump’s first 100 days. The odds, which hit 59%, quickly preceded Bitcoin’s pump to its fresh peak.
In the past, Trump campaigned on potentially transferring all seized BTC by law enforcement into a government-held reserve. Although there has been no official confirmation, rumors that a formal order could be signed “as early as Inauguration Day” ignited price momentum.
Notably, several influential Bitcoin advocates met with the incoming administration over the past weekend, fueling SBR speculation. Senator John Barrasso wrote via X (formerly Twitter) on Sunday: “Senator Lummis and I had a great time talking with President Donald Trump this morning. Wyoming is ready for Inauguration Day tomorrow!”
Senator Cynthia Lummis, known for her pro-Bitcoin stance, reinforced the chatter around a government-led BTC initiative. In a Jan. 17 post on X, she stated: “Working hard to get the Strategic Bitcoin Reserve and comprehensive digital asset legislation across the finish line. Thanks for stopping by @jespow, @arjunsethi, @DavidLRipley !”
Lummis’ own legislative proposal, dubbed the “Bitcoin Bill,” famously proposes to purchase 1 million Bitcoin. MicroStrategy Chairman Michael Saylor also attended meetings with the Trump administration’s cabinet. He shared a photo on X of himself alongside Robert F. Kennedy Jr. and Jared Kushner, captioned: “The Future is ₿right”
Meanwhile, Eric Trump posted a picture with Saylor and “Crypto Czar” David Sacks, commenting: “To the moon! 
