• 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

Solana Ecosystem Dominates High-Volatility Narrative

chest

The Solana ecosystem remained the epicenter of high-volatility assets, attracting significant capital flows.

user avatarKenji Takahashi

Market Sentiment on HTX Surges Amid High-Volatility Assets

chest

Market sentiment on HTX surged from December 1 to December 7, driven by macro volatility and renewed risk appetite, with high-beta assets like Solana and BSC-based AI meme coins leading the gains.

user avatarGustavo Mendoza

Bipartisan Cooperation on Crypto Legislation Begins to Emerge

chest

Bipartisan cooperation on crypto legislation is emerging as both parties begin to accept key elements of each other's proposals, marking a significant shift in the legislative process.

user avatarMiguel Rodriguez

Senate's Crypto Market Structure Bill Faces Major Setbacks

chest

The Senate's efforts to finalize a bipartisan crypto market structure bill are faltering due to party disagreements and White House resistance.

user avatarRajesh Kumar

Tom Lee Declares Ethereum Has Bottomed as Bitmine Doubles Down

chest

Tom Lee, founder of Fundstrat, asserts that Ethereum has reached its lowest point, backed by Bitmine's increased purchases.

user avatarLuis Flores

Ostium Raises $20 Million in Series A Funding to Enhance Trading Protocol.

chest

Ostium Labs has raised $20 million in Series A funding to enhance its decentralized trading infrastructure and expand its offerings.

user avatarLucas Weissmann

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.