• 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

Chainlink Price Surges Amid Increased Social Media Activity

chest

The Chainlink token has experienced a significant price increase, attributed to heightened social media discussions and reduced supply on exchanges.

user avatarJesper Sørensen

Cardano Tests Key Support Level at 0.25

chest

Cardano is testing the critical support level of 0.25, which has historically led to significant price rallies.

user avatarFilippo Romano

Flare Founder Defends Comments on Cardano's Performance

chest

Flare founder Hugo Philion defends his comments on Cardano's DeFi performance, clarifying that he was presenting factual data and not attacking Cardano.

user avatarRajesh Kumar

Charles Hoskinson Responds to Flare Founder Hugo Philion's Comments

chest

Charles Hoskinson responds to comments from Flare founder Hugo Philion regarding the growth of Flare compared to Cardano, criticizing Philion's marketing tactics and urging an update to his strategy.

user avatarLucas Weissmann

Bitcoin's Price Action and Key Resistance Levels Under Scrutiny

chest

Bitcoin's recent price movements are under close scrutiny as it trades between $79,000 and $80,000, a critical resistance area. Analysts are emphasizing the importance of the $80,300 level, which could trigger selling pressure if not held as support.

user avatarEmily Carter

South Korean Government Confirms Crypto Tax Implementation

chest

The South Korean government has confirmed a 20% tax on crypto profits starting January 2027, affecting many investors.

user avatarTomas Novak

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.