US Might Create Strategic Bitcoin Reserve Soon

There is a strong possibility that the US will establish a Strategic Bitcoin Reserve within this year, according to Alex Thorn from Galaxy Digital. Thorn believes the market is undervaluing the chances of the US government creating a strategic reserve that holds Bitcoin as a key asset. While some industry leaders remain skeptical, Thorn emphasizes that many recent developments support the likelihood of this plan moving forward.

Although President Trump signed an executive order in March to officially create a Bitcoin reserve and a US digital asset stockpile, no detailed strategic plan has been publicly confirmed yet. Nonetheless, recent legislative actions, such as a bill introduced to examine the feasibility of a Bitcoin reserve, indicate ongoing progress. In late July, officials confirmed the administration's continued interest in establishing a strategic Bitcoin reserve, even if it was only briefly mentioned in policy reports.

However, not everyone agrees that this will happen soon. Some experts, like Dave Weisburger, suggest that such a move might only occur around 2026. Others, including prominent Bitcoin advocates, warn that delaying the accumulation of Bitcoin could cause the US to fall behind other nations. For instance, Samson Mow stated that the US needs to start acquiring Bitcoin this year to prevent countries like Pakistan from overtaking them.

In other developments, Kyrgyzstan has proposed a bill to create a state cryptocurrency reserve, while Indonesia's Bitcoin advocacy group discussed how Bitcoin strategies could boost economic growth. The overall sentiment suggests significant interest in Bitcoin from various countries and sectors, with strong expectations that the US might also establish a strategic Bitcoin reserve soon.