Galaxy Digital’s research division has projected that the United States government will refrain from purchasing Bitcoin in 2025, opting instead to safeguard its current holdings. According to Alex Thorn, head of research at Galaxy Research, discussions around a potential expansion of the U.S. government’s Bitcoin reserve policy are expected to continue. Presently, the U.S. holds 183,850 Bitcoin, valued at approximately $17.36 billion, distributed across several addresses, as reported by Spot on Chain. Iliya Kalchev from crypto lender Nexo has indicated that the proposed Bitcoin Reserve Act could significantly elevate Bitcoin’s status as a global financial instrument.
Moreover, another Galaxy analyst posits that up to five Nasdaq 100 companies and five nation states might incorporate Bitcoin into their financial holdings. This development could potentially incite a competitive environment among nations to either mine or acquire Bitcoin, particularly for those with substantial sovereign wealth funds or adversarial positions towards the U.S.
Japan’s Prime Minister, Shigeru Ishiba, has expressed his uncertainty regarding the global movement towards Bitcoin reserves, indicating a cautious stance on the matter. In contrast, former Binance CEO Changpeng Zhao predicts that smaller nations, potentially including China, may soon adopt Bitcoin as part of their strategic reserves, though the transition might progress at a gradual pace.
