Key Takeaways:
- The government will focus on preserving its existing Bitcoin holdings. New investments are not planned.
- Global Bitcoin Race Expected: Other nations and companies may start adding Bitcoin to their reserves. This could create quiet competition.
- Different Views Around the World: Countries like Japan remain hesitant about Bitcoin. Others may lead in adopting it as a reserve.
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Will the U.S. “Join the Game” in 2025?
Crypto enthusiasts are eagerly waiting to see what the U.S. government does with Bitcoin. Will they buy more? Will they start stockpiling it? Or will they keep staying on the sidelines? A recent report from Galaxy Research gives a clearer picture of what might happen—at least in 2025.
No New Bitcoin Purchases
The report says the government won’t buy any Bitcoin in 2025. Instead, they’ll focus on managing their current holdings. They’ll also work on policies related to Bitcoin reserves. Alex Thorn, Galaxy’s research chief, made it clear. In 2025, the U.S. government will not buy Bitcoin, he said.
They’ll use what they have to develop reserve strategies and discuss policies.
Why is the U.S. Holding Back on Bitcoin? The government wants to be careful. The crypto market is unpredictable. Jumping in without a solid plan could cause problems. So, they’re moving slowly.
Creating a Bitcoin Reserve Policy
Even though they aren’t buying more Bitcoin, the government has a long-term view. Agencies are looking into ways to expand their Bitcoin reserve policies.
Currently, the U.S. holds around 183,850 BTC. That’s roughly $17.36 billion in value, spread across 36 wallets. It’s a lot of Bitcoin. Protecting it is a top priority.
Think of it like storing gold in a vault. You wouldn’t buy more without a clear plan, would you? The government is handling Bitcoin the same way.
The Bitcoin Act of 2024
In 2024, Senator Cynthia Lummis proposed the Bitcoin Act. It suggests buying 200,000 BTC each year for five years. The aim is to build a reserve of one million BTC and hold it for at least 20 years.
The Bitcoin Act of 2024
But this law probably won’t pass in 2025. That shows the government is staying cautious for now.
Is a Global Bitcoin Race Starting?
While the U.S. waits, others might act. Galaxy predicts that five Nasdaq 100 companies and five countries could add Bitcoin to their balance sheets. This might kick off a quiet competition to gather Bitcoin.
Nations outside U.S. influence or those with big sovereign funds could take the lead.
Take MicroStrategy, for example. They’ve been buying Bitcoin aggressively for years. El Salvador even made Bitcoin a legal currency. These examples show the trend is growing, even if it’s happening gradually.
Different Views Worldwide
Not everyone shares the U.S.’s cautious approach. Japan’s Prime Minister, Shigeru Ishiba, admitted he doesn’t fully understand America’s Bitcoin strategy. Changpeng Zhao, Binance’s ex-CEO, thinks smaller nations or even China could start building reserves.
What’s Next?
The U.S. may not buy Bitcoin in 2025, but that doesn’t mean Bitcoin’s losing importance. Governments and big organizations are just being careful. Bitcoin’s role in global finance is still evolving.