April 29 Marks 100 Days Since President Donald Trump Took Office for His Second Term

April 29 marks 100 days since President Donald Trump took office for his second term, and many in the crypto world are watching closely. Some experts believe that if Trump announces a U.S. Bitcoin reserve, it could send Bitcoin prices soaring toward $100,000. Prediction market Polymarket gives it just a 6% chance, but with only one day left, the big question is: Will Trump make the move before time runs out?

What’s Happening With the Bitcoin Reserve?

In a recent chat with Bitcoin Magazine, U.S. Secretary of Commerce Howard Lutnick offered some intriguing insights about Bitcoin and how it might soon have a bigger role in America’s economy. One of the most interesting parts of the conversation was about the U.S. government’s Bitcoin Strategic Reserve. While Lutnick couldn’t reveal how much Bitcoin the U.S. holds or exactly how it’s being managed, he confirmed that when the time is right, those details will be shared with the public.

“We set up the Bitcoin reserve to show that this administration supports Bitcoin and its community. We're also tying it to the president's initiative to reset global trade and make it fairer for America. It's all part of a broader economic strategy,” said Lutnick.

He said this reserve was created to show support for the Bitcoin community and to keep a promise made by Donald Trump during his term.

“We set up the Bitcoin reserve to show that this administration supports Bitcoin and its community and to keep a promise made by President Trump during his term to the Bitcoin community to accept BTC in the U.S.,” Lutnick added.

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"We all know that the United States of America and Donald Trump are trying to reset global trade to make it more fair for America. Right now, he's off trying to create peace in the world... then I think after that, I think we can put Bitcoin back on the agenda."

Lutnick also took time to highlight how, during the previous administration, owning or trading Bitcoin felt like doing something wrong. But things have changed explaining that once America accepts something, it rarely turns away from it.

“We never accepted Bitcoin in the U.S. It was something done in secret, almost like it was something to be ashamed of. But we're not like that. Once America accepts something, like pizza or the fact that the earth is round, we rarely turn away from it,” said Lutnick.

Could Bitcoin Become Part of Official U.S. Economic Data?

Another interesting angle Lutnick discussed is the idea of including Bitcoin holdings in America’s official economic indicators, like GDP and trade balances.

“It's a good idea, something we can look into. It would be interesting to start keeping track of Bitcoin the same way we track gold or other metals in the balance of payments or in the GDP statistics—to see how it flows in and out of the country and how it's valued in terms of other currencies.”

At the time of writing, Bitcoin is trading at $94,329.