The U.S. Bitcoin plan

-

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.

bitcoin
Spot On Chain

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.

Have you read it yet? Bitcoin ETFs bounce back with $475 million inflows

LATEST POSTS

Tariffs and Bitcoin, what is the connection?

The world’s biggest economies are at each other’s throats. China and the US are slapping tariffs left and right like it’s a game of economic...

Bitcoin Price May Explode Past $200K on ETF and Institutional Demand

Bitcoin price surged past $90,000 on April 22. This came after U.S. spot Bitcoin ETFs recorded the highest net inflows since January. According to CoinGlass,...

Bitcoin May Cross $100K as Treasury Buybacks Begin, Says Arthur Hayes

Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom, said Bitcoin may soon move past the $100,000 mark. On April 20, he posted...

Strategy Adds 6,556 Bitcoin for $555.8M, Lifts 2025 Total to 91,800 BTC

Michael Saylor’s Strategy acquired 6,556 Bitcoin between April 14 and April 20, spending $555.8 million at an average price of $84,785. The transaction, detailed in...

Most Popular

Guest posts