$BTC šŸš€ US Government and Bitcoin in 2025: Key Predictions

Galaxy Digitalā€™s is saying: šŸ¦ No Bitcoin Purchases by the US Government

šŸ’¬ ā€œThe US government will not purchase Bitcoin in 2025,ā€ said Alex Thorn, Galaxy Researchā€™s 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).

šŸ’” Thorn also noted ongoing discussions about a Bitcoin reserve policy within federal agencies.

šŸ” Exploring a Bitcoin Reserve Policy

Thorn hinted at growing interest in creating a Bitcoin stockpile:

šŸ’¬ ā€œThere will be some movement within the departments and agencies to examine an expanded Bitcoin reserve policy.ā€

šŸ“œ 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.

šŸŒ 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€¢ šŸŒ Nation-State Competition:

ā€œUnaligned nations, those with large sovereign wealth funds, or adversaries to the US will likely compete to mine or acquire Bitcoin,ā€ JW said.

šŸŒ Other Nations Watching the US

ā€¢ Japan: Prime Minister Shigeru Ishiba expressed uncertainty about Bitcoin reserve policies, stating:

šŸ’¬ ā€œIt is difficult for the government to express its views.ā€

šŸ’” 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.

šŸŖ™ Key Takeaway

The US governmentā€™s Bitcoin strategyā€”or lack thereofā€”could 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!