Galaxy Research predicts that by 2025, the United States will make progress in exploring an expanded Bitcoin reserve policy, but the government will not buy additional Bitcoin.
Galaxy Digital: The US government will not buy Bitcoin in 2025. Image: CoinGape
According to a summary from the Galaxy Digital research team on December 27, the US government will not buy additional Bitcoin in 2025. Instead, they will protect the existing Bitcoin and continue to discuss an expanded Bitcoin reserve policy.
🚨 Crypto Predictions for 2025 from @glxyresearch
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Alex Thorn, head of research at Galaxy, said the US will create a reserve using the BTC they own instead of buying more. According to Spot On Chain, the US government currently holds 183,850 BTC worth around $17.36 billion across multiple wallets.
Statistics on the assets of the wallet cluster related to the US government. Source: Spot On Chain
In mid-November, billionaire CEO of Galaxy Digital investment fund Mike Novogratz also assessed that the probability of President Trump setting up a Bitcoin reserve is very low.
Senator Cynthia Lummis' Bitcoin Act 2024, if passed, would allow the US government to buy 200,000 BTC per year for 5 years, accumulating 1 million BTC and holding this Bitcoin for at least 20 years as a reserve asset.
Another Galaxy analyst, known as JW, predicts that it is possible that 5 companies in the Nasdaq 100 index and 5 countries will add Bitcoin to their balance sheets or national wealth funds in the future.
JW warned that if the US aggressively adopts Bitcoin, this could trigger a race among countries to mine or accumulate Bitcoin, especially non-aligned countries, those with large wealth funds, or those with a hostile attitude towards the US.
Two days ago, Japanese Prime Minister Shigeru Ishiba revealed that he does not have enough understanding of the moves of major countries like the US in implementing a Bitcoin reserve policy. He admitted that the Japanese government also finds it difficult to take an official stance on this issue.
Meanwhile, Changpeng Zhao (CZ), former CEO of Binance, argued China will certainly build a strategic Bitcoin reserve. At the Bitcoin MENA conference in Abu Dhabi on December 9, CZ said smaller countries are more likely to take the lead in adopting Bitcoin as a reserve asset, although this change will happen slowly.
In general, the US government's concerns about Bitcoin are attracting attention from other countries, but many countries are still taking a wait-and-see attitude. If the US realizes a Bitcoin reserve policy, this could create a global competitive wave, accelerating the pace of adopting Bitcoin as a strategic reserve asset.
Compiled by Coin68
