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.
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.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.
Bitcoin has officially overtaken Alphabet (Google’s parent company) in global asset rankings, becoming the sixth most valuable asset in the world, according to the latest real-time market data.
Philippe Laffont, the billionaire behind Coatue Management, is beginning to question his stance on Bitcoin.
Personal finance author Robert Kiyosaki is urging investors to rethink their approach to money as digital assets reshape the economic landscape.