Alex Thorn: There is a "great opportunity" for the United States to form a strategic Bitcoin (BTC) reserve by the end of the year.

CN
10 hours ago

Alex Thorn, the head of research at Galaxy Digital, stated that there is a high likelihood that the U.S. government will establish a much-anticipated strategic Bitcoin reserve by the end of this year.

However, other industry executives are less confident about this.

Thorn posted on the X platform on Thursday, saying, "I still believe there is a significant chance that the U.S. government will announce this year that it has formed a strategic Bitcoin reserve (SBR) and officially holds BTC as a strategic asset."

Thorn added, "The market seems to be completely underestimating the possibility of such an announcement."

Although U.S. President Trump signed an executive order in March to formally establish a strategic Bitcoin (BTC) reserve and a U.S. digital asset reserve, a formal strategic plan has yet to be confirmed.

However, recent developments indicate that the plan is still moving forward. Last Tuesday, U.S. lawmakers introduced a bill directing the U.S. Treasury to review and produce a report on the feasibility and technical considerations of a strategic Bitcoin reserve.

Meanwhile, on July 31, Cointelegraph reported that Trump's crypto liaison confirmed that, despite being briefly mentioned in a recently released crypto policy report, the government remains keen on establishing a strategic Bitcoin reserve.

However, not all participants in the crypto market believe this will happen quickly. Former CoinRoutes president Dave Weisburger stated that it is more likely to occur in 2026.

Weisburger added that he "has pointed out multiple times that this administration is too smart to announce anything before reaching initial goals."

Some well-known Bitcoin advocates are concerned that if the U.S. further delays accumulating Bitcoin, it may fall behind.

Samson Mow, founder of Jan3, told Magazine in June that the U.S. "must start" acquiring Bitcoin this year, or risk being outpaced by other countries. He said, "The risk is that the U.S. gets beaten to it by Pakistan."

Last Wednesday, Kyrgyzstan, a key emerging player in the Central Asian crypto market, advanced a bill to establish a national cryptocurrency reserve.

Meanwhile, on August 6, the Bitcoin advocacy organization Bitcoin Indonesia stated that they recently met with Indonesian officials to discuss how the strategy could drive economic growth in the country.

Related: Crypto executives say cryptocurrency is not Web 3.0, but rather Capitalism 2.0

Original article: “Alex Thorn: There is a ‘great opportunity’ for the U.S. to form a strategic Bitcoin (BTC) reserve by the end of the year”

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