The United States May Not Purchase Additional Bitcoin In 2025

Galaxy Digital has boldly claimed that the United States government will not purchase more Bitcoin (BTC) in 2025 but will focus on safeguarding its current holdings, which total about 183,850 BTC valued at around $17.24 billion.

Everyone Wants A Piece

It is worth mentioning that discussions about using Bitcoin as a reserve asset will continue, but the government seems focused on its existing stockpile. Federal agencies will also likely assess the impact of a Bitcoin reserve policy, aligned with Senator Cynthia Lummis and her Bitcoin Act of 2024. If passed, the bill would allow the U.S. government to accumulate 200,000 BTC annually for five years, ultimately creating a reserve of 1 million Bitcoin.

Galaxy Digital analysts suggest that a U.S. shift toward Bitcoin could spark competition by other nations, especially those with large sovereign wealth funds or those opposed to the United States, such as Russia. Bitcoin adoption might also extend to corporations, with Nasdaq 100 companies potentially adding Bitcoin to their balance sheets.

Varied Global Reactions

Japanese Prime Minister Shigeru Ishiba is uncertain about what other countries may do regarding Bitcoin, while former Binance CEO Changpeng Zhao predicted smaller nations will lead in adopting Bitcoin reserves. He also suggested China might play a key role in this shift.

Despite potential hesitation by the U.S. government to acquire more Bitcoin, MicroStrategy continues its aggressive BTC acquisition. At the same time, pro-crypto policies are becoming more urgent with a two-year legislative window during the incoming Trump administration.