• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
US Won’t Buy Bitcoin in 2025: Galaxy Digital's Forecast

US Won’t Buy Bitcoin in 2025: Galaxy Digital's Forecast

user avatar

by Giorgi Kostiuk

a year ago

Galaxy Digital's research division predicts that the US government will not purchase Bitcoin in 2025, focusing instead on maintaining its current reserves.

Bitcoin Reserve Policy

Alex Thorn from Galaxy Research stated in a Dec. 27 report that the US will not purchase Bitcoin in 2025, and instead will focus on safeguarding its current reserves. Currently, the US government holds 183,850 BTC, valued at approximately $17.36 billion. Wyoming Senator Cynthia Lummis has proposed the Bitcoin Act 2024, which suggests utilizing Bitcoin as a treasury reserve asset.

Nation-State Competition

Galaxy analyst 'JW' predicted that up to five Nasdaq 100 companies and five nation-states might add Bitcoin to their balance sheets or sovereign wealth funds, potentially sparking a competitive rush among nations to mine or acquire Bitcoin.

Competition among nation states, particularly unaligned nations, those with large sovereign wealth funds, or even those adversarial to the United States, will drive the adoption of strategies to mine or otherwise acquire Bitcoin. JW

Global Perspectives on Bitcoin Reserves

On Dec. 26, Japan’s Prime Minister Shigeru Ishiba expressed uncertainty about the US and other countries adopting Bitcoin reserves. Meanwhile, former Binance CEO Changpeng Zhao suggested that China might adopt a strategic Bitcoin reserve.

Thus, while the global financial dynamics could be influenced in the future, the US currently does not plan to expand its Bitcoin reserves, which may spark interest from other countries in this asset.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Surges Past $75,000 Mark Amid Rising Short Liquidations

chest

Bitcoin's price has risen to over $75,000, marking its highest level since early February, driven by significant short liquidations.

user avatarZainab Kamara

Ethereum and Other Cryptos Also Experience Significant Gains

chest

Ethereum and other major cryptocurrencies have seen substantial price increases, contributing to the overall positive sentiment in the crypto market.

user avatarSon Min-ho

Evernorth Collaborates to Introduce Native XRP Lending

chest

Evernorth is collaborating with XRPL developers to introduce native XRP lending through the proposed XLS66 amendment, unlocking up to 100 billion in idle XRP capital for holders.

user avatarAyman Ben Youssef

NHN KCP and Avalanche Join Forces to Create a New Payment-Focused Blockchain

chest

NHN KCP partners with Avalanche to create a new Layer 1 blockchain focused on real-world payments.

user avatarTando Nkube

Nikita Bier's Post Ignites Hopes for Cryptocurrency Integration on X

chest

Nikita Bier's post about launching cryptocurrency integration on X has generated significant buzz in the crypto community.

user avatarKofi Adjeman

Kraken Stands Firm Against Extortion Threats

chest

Kraken, the second-largest crypto exchange in the US, has publicly rejected extortion threats from a criminal group after unauthorized access to client support data, emphasizing that its systems were never breached and client funds are secure.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.