The U.S. government has some interesting plans, or lack thereof, when it comes to Bitcoin in 2025. Spoiler alert: they’re not planning to buy any more Bitcoin.
No new Bitcoin purchases in 2025?
Alex Thorn, the head of research at Galaxy Digital shared their new report, and made it clear that the U.S. government won’t be adding any Bitcoin to its portfolio next year.
Instead, they’ll be safeguarding the 183,850 BTC they already hold, valued at about $17.36 billion.
Thorn mentioned that there will be some movement within various government departments to explore an expanded Bitcoin reserve policy. So while they’re not buying more Bitcoin, they’re definitely not ignoring it either.
Senator Lummis’s proposal
Now, here’s where it gets spicy, because Senator Cynthia Lummis has thrown her hat in the ring with a proposal called the Bitcoin Act of 2024. If this bill passes, it could allow the government to buy 200,000 BTC annually for five years, aiming for a total of 1 million BTC.
That’s a serious commitment, but let’s be real, this bill might not see the light of day in 2025, as the government is playing it safe right now.
Lummis believes that integrating Bitcoin into the treasury could help boost the U.S. dollar and tackle rising inflation. But with all the risks that come with crypto volatility, you can bet there are some discussions happening behind closed doors.
Game theory intensifies
While the U.S. sits on the sidelines, other countries might be gearing up to jump into the Bitcoin game.
Galaxy predicts that up to five companies from the Nasdaq 100 and five nation-states could start adding Bitcoin to their balance sheets soon, and this could ignite a quiet competition among nations, especially those with large sovereign wealth funds or those looking to challenge U.S. dominance.
On the international stage, Japan’s Prime Minister Shigeru Ishiba has expressed uncertainty about how countries like the U.S. are approaching Bitcoin reserves.
Former Binance CEO Changpeng Zhao believes that smaller nations might lead the charge in adopting Bitcoin strategically.
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