Galaxy Digital's Predictions on U.S. Bitcoin Policy

According to a report dated December 27 from #GALAXY , the U.S. government will not purchase additional Bitcoin in 2025 but will focus on protecting its current reserves. Currently, the U.S. holds 183,850 BTC, valued at approximately $17.36 billion, stored in various wallets.

Alex Thorn, head of research at Galaxy, stated that the U.S. government may develop a reserve management policy $BTC , but the expansion of Bitcoin holdings is unlikely.

The Future of U.S. Government Bitcoin Reserves

Part of the reason stems from the Bitcoin Act 2024 bill, proposed by Senator Cynthia Lummis, allowing the government to purchase an additional 200,000 BTC each year for 5 years, reaching a total of 1 million BTC to be reserved for at least 20 years. However, the likelihood of this bill passing remains an open question.

Mike Novogratz, CEO #GalaxyDigital , stated that the likelihood of President Trump establishing a Bitcoin reserve is very low, reflecting the cautious mindset of the U.S. administration.

Impact on the Global Landscape

JW, an analyst at Galaxy, predicts that 5 companies in the Nasdaq 100 index and 5 countries may add Bitcoin to their balance sheets or sovereign wealth funds.

If the U.S. intensifies its Bitcoin policy, it may trigger a race among countries to accumulate Bitcoin, especially those that are unaligned or have adversarial attitudes towards the U.S.

Meanwhile, countries like China are expected to soon build strategic Bitcoin reserves, according to Changpeng Zhao (CZ), former CEO of Binance. CZ also predicts that smaller countries may take the lead in adopting Bitcoin as a reserve asset, but this process will be gradual.

Perspectives from Japan and Major Countries

The Japanese Prime Minister #ShigeruIshiba recently acknowledged that there is not enough information to make a decision about Bitcoin reserves. This reflects the general caution of many countries as they monitor moves from the U.S. and other major nations.

Conclusion

Although the U.S. has no plans to expand its Bitcoin reserves in 2025, interest from its government has created a global ripple effect. If the Bitcoin reserve policy is approved, it could spur a wave of competition among countries, positioning Bitcoin at the center of the global financial system.