Galaxy Digital’s research predicts that the US government will not purchase Bitcoins in 2025, but will instead focus on managing its existing holdings while considering policy changes regarding Bitcoin reserves.
According to the research, the US government currently owns 183,850 BTC, worth about $17.36 billion, acquired primarily through asset seizures, such as in the Silk Road case. These assets are stored at multiple known addresses. While some have speculated that the government could increase its Bitcoin holdings, Alex Thorn, head of research at Galaxy Digital, explained that they do not expect any new Bitcoin purchases in the coming year.
Bitcoin Reserve Policy: A Future Possibility
Although new purchases are most likely off the table, the report notes that government authorities may be exploring an “expanded Bitcoin reserve policy.” Thorn explained that there could be movement within various departments to look at how the government could use its existing Bitcoins in future strategies. These discussions could pave the way for a broader, more formalized reserve policy.
Source: X
One of these policies, introduced by Wyoming Senator Cynthia Lummis, is the Bitcoin Act 2024, which requires the US government to purchase 200,000 BTC every year for five years, accumulating a reserve of one million BTC. However, given the current situation, it does not seem plausible that this ambitious plan will be implemented in 2025.
This cautious stance from the US government could have far-reaching implications for global Bitcoin adoption. Japanese Prime Minister Shigeru Ishiba has stated that his country will not take a definitive position on Bitcoin…
