Galaxy Digital: US Government Will Not Buy Bitcoin in 2025
Galaxy Research predicts that in 2025, the US will take steps to explore an expanded Bitcoin reserve policy, but the government will not buy more Bitcoin.
According to a summary by Galaxy Digital's research department on December 27, the US government will not buy more Bitcoin in 2025. Instead, they will protect their existing Bitcoin and continue to discuss an expanded Bitcoin reserve policy.
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Alex Thorn, head of research at Galaxy, said the US will create a reserve of Bitcoin instead of buying more. According to Spot On Chain, the US government currently holds 183,850 BTC worth about $17.36 billion in various wallets.
In mid-November, Mike Novogratz, billionaire CEO of investment fund Galaxy Digital, also commented that the probability of President Trump creating a Bitcoin reserve is very low.
Senator Cynthia Lummis' Bitcoin Act 2024, if passed, would allow the US government to buy 200,000 BTC per year for five years, accumulate 1 million BTC, and hold the Bitcoin for at least 20 years as a reserve asset.
Another Galaxy analyst, known as JW, predicted that there is a possibility that five companies in the Nasdaq 100 index and five countries will add Bitcoin to their balance sheets or sovereign wealth funds in the future.
JW warned that if the US pushes ahead with Bitcoin adoption, it could trigger a race among countries to mine or accumulate Bitcoin, especially countries that are not aligned, have large wealth funds, or are hostile to the US.
Two days ago, Japanese Prime Minister Shigeru Ishiba revealed that he did not understand enough about the moves of major countries like the US in adopting a Bitcoin reserve policy. He admitted that it is also difficult for the Japanese government to take an official stance on the issue.
Meanwhile, Changpeng Zhao (CZ), former CEO of Binance, argued that China will definitely build a strategic Bitcoin reserve. At the Bitcoin MENA conference in Abu Dhabi on December 9, CZ said that smaller countries are likely to take the lead in adopting Bitcoin as a reserve asset, although the change will be slow.
Overall, the US government's interest in Bitcoin is attracting attention from other countries, but many countries are still taking a wait-and-see attitude. If the US realizes its Bitcoin reserve policy, this could create a wave of global competition, accelerating the adoption of Bitcoin as a strategic reserve asset.
