Galaxy Digital Predicts U.S. Government Will Not Purchase Bitcoin in 2025

Galaxy Digital’s research team forecasts that while the U.S. government will not purchase Bitcoin in 2025, it will continue to protect and manage its existing Bitcoin holdings.

According to Alex Thorn, head of research at Galaxy, the U.S. will focus on stockpiling the Bitcoin it already possesses, which currently amounts to 183,850 BTC valued at approximately $17.36 billion.

Meanwhile, discussions regarding a potential Bitcoin reserve policy will persist.

Thorn noted that U.S. agencies and departments are expected to explore the idea of expanding the country’s Bitcoin reserves, though no new purchases are anticipated this year.

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Wyoming Senator Cynthia Lummis’ Bitcoin Act 2024, if enacted, could see the U.S. acquire 1 million BTC over five years, turning Bitcoin into a long-term reserve asset.

Galaxy’s analyst, known as “JW,” also highlighted that several large companies and countries could consider adding Bitcoin to their balance sheets or sovereign wealth funds.

This development could spark competition among nations, especially those without strong ties to the U.S., pushing them to mine or acquire Bitcoin as part of their economic strategies.

Kosta Gushterov