$BTC š US Government and Bitcoin in 2025: Key Predictions
Galaxy Digitalās is saying: š¦ No Bitcoin Purchases by the US Government
š¬ āThe US government will not purchase Bitcoin in 2025,ā said Alex Thorn, Galaxy Researchās head of research, in a Dec. 27 report.
Instead, the government is expected to safeguard its existing Bitcoin holdings, estimated at 183,850 BTC (worth ~$17.36 billion).
š” Thorn also noted ongoing discussions about a Bitcoin reserve policy within federal agencies.
š Exploring a Bitcoin Reserve Policy
Thorn hinted at growing interest in creating a Bitcoin stockpile:
š¬ āThere will be some movement within the departments and agencies to examine an expanded Bitcoin reserve policy.ā
š Proposed Bitcoin Act 2024:
Wyoming Senator Cynthia Lummisā Bitcoin Act could revolutionize US Bitcoin strategy:
ā¢ Plan: Purchase 200,000 BTC annually for five years, totaling 1 million BTC.
ā¢ Hold Period: The Bitcoin would remain in US reserves for at least 20 years.
š Global Competition on Bitcoin Reserves
Another Galaxy analyst, JW, predicts major players could join the Bitcoin movement:
ā¢ Up to 5 Nasdaq 100 companies and 5 nation states may add Bitcoin to their balance sheets or sovereign wealth funds.
ā¢ š Nation-State Competition:
āUnaligned nations, those with large sovereign wealth funds, or adversaries to the US will likely compete to mine or acquire Bitcoin,ā JW said.
š Other Nations Watching the US
ā¢ Japan: Prime Minister Shigeru Ishiba expressed uncertainty about Bitcoin reserve policies, stating:
š¬ āIt is difficult for the government to express its views.ā
š” At the Bitcoin MENA conference in Abu Dhabi (Dec. 9), CZ predicted that smaller countries may lead the way in adopting Bitcoin reserves, albeit slowly.
šŖ Key Takeaway
The US governmentās Bitcoin strategyāor lack thereofācould spark a global race for Bitcoin adoption, influencing both nation states and corporations alike. Will 2025 be the year of Bitcoin dominance on the global stage? Stay tuned!