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Strategic Bitcoin Reserve: Is the U.S. Falling Behind Other Nations?
Strategic Bitcoin Reserve – The debate over whether the United States will officially establish a Strategic Bitcoin Reserve (SBR) is heating up, with Galaxy Digital’s head of firmwide research, Alex Thorn, suggesting the announcement could come before the end of 2025.
Thorn: Market Is Underestimating the Likelihood
In a post on X, Thorn stated, “I still think there’s a strong chance the US government will announce this year that it has formed the Strategic Bitcoin Reserve and is formally holding BTC as a strategic asset.” He added that markets appear to be “completely underpricing the likelihood” of such a development.
While President Trump signed an executive order in March to establish both the Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, the administration has yet to unveil a formalized strategy. However, recent actions suggest momentum is building. This week, U.S. lawmakers introduced a bill directing the Treasury to study the feasibility and technical aspects of creating a Bitcoin reserve.
Skepticism From Other Industry Leaders
Not all voices in the industry are convinced the plan will materialize so quickly. Dave Weisburger, former chairman of CoinRoutes, argued that the reserve is more likely to be established in 2026, adding that the administration may delay any announcements until it quietly accumulates enough BTC to meet its initial targets.
Concerns Over U.S. Falling Behind
Some Bitcoin advocates believe the U.S. risks losing its lead if it does not act soon. Samson Mow, founder of Jan3, warned earlier this year that Washington must begin accumulating Bitcoin in 2025 or risk being front-run by other nations. He even pointed to Pakistan as a potential contender.
Adding to the global momentum, Kyrgyzstan advanced a bill this week to create its own state cryptocurrency reserve, while Bitcoin Indonesia confirmed recent discussions with government officials about adopting a similar strategy to drive national economic growth.
[…] action may or may not be directly connected to the state’s proposal for a strategic Bitcoin reserve. Governor Gregg Abbott formally approved the establishment of a state-managed fund in June to keep […]