What happened?
Alex Thorn, head of firmwide research at Galaxy Digital, has predicted that the United States could announce its long-rumored Strategic Bitcoin Reserve (SBR) before the end of 2025. This follows President Trump’s executive order supporting the creation of the SBR and US Digital Asset Stockpile and a bill introduced by lawmakers requesting the US Treasury to evaluate the feasibility of the reserve.
Who does this affect?
This move affects various stakeholders in the cryptocurrency market, including corporations accumulating Bitcoin, rival nations considering national Bitcoin strategies, and the general market players. Delays in announcing the SBR might leave the US lagging behind countries like Kyrgyzstan and Indonesia moving forward with similar initiatives.
Why does this matter?
The establishment of a strategic Bitcoin reserve by the US could significantly impact the cryptocurrency market. The prediction is creating speculation in a market where only 5.2% of Bitcoin’s fixed supply of 21 million coins is left to be mined. Moreover, the rising interest in sovereign Bitcoin reserves by rival nations makes this a potential race that could influence the global positioning of cryptocurrencies.