The United States government is not expected to make any Bitcoin purchases in 2025, according to a recent report by Galaxy Digital’s research division. Instead, officials may focus on managing and safeguarding their existing Bitcoin reserve, totaling around 183,850 BTC, worth $17.36 billion, as identified by blockchain analytics platform Spot on Chain.
Focus Shifts to Bitcoin Reserve Policy
Alex Thorn, Galaxy Digital’s head of research, highlighted that while no direct purchases are anticipated, discussions about a broader Bitcoin reserve policy could gain momentum within federal departments and agencies. Thorn suggested this could involve strategies to solidify Bitcoin as a critical reserve asset for the nation.
A significant proposal in this context is Wyoming Senator Cynthia Lummis’ Bitcoin Act 2024. If enacted, the legislation would enable the government to systematically acquire 200,000 BTC annually over five years, building a substantial reserve of 1 million Bitcoin to be held for at least 20 years. The potential for such a policy underscores growing recognition of Bitcoin’s role as a strategic asset.
Global Ripple Effects of US Bitcoin Strategy
The US government’s actions—or inaction—on Bitcoin could have far-reaching implications. Galaxy Digital analyst “JW” pointed out that as Bitcoin continues to gain traction, up to five Nasdaq 100 companies and an equal number of nation-states might integrate Bitcoin into their balance sheets or sovereign wealth funds.
JW also warned of a potential race among nations to mine or acquire Bitcoin, especially unaligned nations or those with adversarial relations to the US. “Competition among nation-states, particularly those with significant sovereign wealth or geopolitical ambitions, could accelerate Bitcoin adoption strategies,” JW explained.
While some countries, like Japan, remain cautious, others are exploring Bitcoin’s potential as a reserve asset. Japanese Prime Minister Shigeru Ishiba expressed uncertainty about the global shift toward Bitcoin adoption, noting that Japan was not yet prepared to formalize its stance. Meanwhile, former Binance CEO Changpeng Zhao speculated that smaller nations might be the first to adopt Bitcoin reserve, with China possibly leading strategic adoption efforts.
As the conversation around Bitcoin reserve intensifies, the US’s next steps will likely shape global attitudes toward cryptocurrency as a financial and geopolitical tool.
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